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View More Press Releases by Vertical Management System

Press release:

Vertical Management Systems Partners with Envestnet | Retirement Solutions to Provide End-to-End Recordkeeping Services to Advisors

Issued by: Vertical Management System

Date: Nov. 20, 2015

Pasadena, CA — November 19, 2015 — Vertical Management Systems, Inc. (VMS), one of the nation’s leading providers of data, financial networking and account aggregation technology, announced that it is partnering with Envestnet | Retirement Solutions (ERS) to offer end-to-end retirement recordkeeping services to advisors through ERS’s Integrated Retirement Model.

The ERS Retirement Model is an integrated offering that includes all of ERS’s technology and fiduciary services capabilities such as: Advisor Practice and Model Management, Managed Plan Portfolios, 3(21) Advice /ą/ and 3(38) Management and Managed Accounts at the Participant Level /˛/. With the addition of VMS’s retirement Record-Keeping platform, Retirement Revolution, the ERS Retirement Model will give advisors access to a cost-effective, 21st century solution. Advisors will also benefit from the participant-level fee transparency delivered by the platform’s revolutionary technology.

“We are very excited about our new partnership with VMS,” said Babu Sivadasan, Group President of ERS. “Retirement Revolution’s streamlined, database-driven recordkeeping technology serves as the framework for flexible integration of all of our services.  The platform’s comprehensive approach for fee accounting will help advisors with the Department of Labor’s regulatory and reporting initiative.”

“Partnering with ERS is a game-changer for VMS and for our clients,” noted Kevin Rafferty, President and CEO of VMS. “ERS’s solution is specifically designed to give advisors and their clients more choice and flexibility with how they manage their retirement accounts, thereby helping  improve retirement outcomes for millions of Americans. Providing that choice and flexibility in a cost effective manner for any size plan is at the heart of what we do. We’ve always prided ourselves on providing large plan capability for the small plan market.”

About Envestnet | Retirement Solutions
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better outcomes.

Envestnet | Retirement Solutions (ERS), a majority-owned subsidiary of Envestnet, Inc., provides retirement advisors with an integrated platform that combines one of the industry's leading practice management technology, research and due diligence, data aggregation, compliance tools, and intelligent managed account solutions. ERS leverages Envestnet's advanced capabilities and resources, along with its experience in investment research, portfolio construction and investment management, to meet the specialized needs of each retirement plan stakeholder, from plan participants to sponsors, advisors to home offices and record keepers to DCIOs.  For more information on Envestnet | Retirement Solutions, please visit

/1/ ERS will offer Investment Advice as defined in Section 3(21) of the Employee Retirement Income Security Act of 1974 (ERISA).

/2/ ERS will be an Investment Manager as defined in Section 3(38) of the Employee Retirement Income Security Act of 1974 (ERISA).

About Vertical Management Systems, Inc. and Retirement Revolution
Vertical Management Systems, (VMS) is one of the nation’s leading providers of data, financial networking, and account aggregation technology.  For more than 20 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States.  

Its retirement platform, Retirement Revolution, is a leading supplier of next-generation retirement solutions.


View More Press Releases by Vertical Management System

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