Benzinga and WNSTN Offer AI Service to Brokerages
Oct 13, 2026
FinTech
Envestnet to Acquire Vestmark for Trading and AI Tools
Sep 9, 2026
Envestnet agreed to acquire Vestmark, adding portfolio management, trading, tax transition and AI monitoring tools to its wealth technology platform.
Envestnet agreed to acquire Vestmark under a definitive agreement, the companies announced in a press release. Financial terms were not disclosed.
The deal will add Vestmark's portfolio management, trading, rebalancing, tax transition and AI powered monitoring tools to Envestnet's platform. Vestmark supports more than $2 trillion in assets across over five million accounts, while Envestnet has about $8 trillion in platform assets.
Both companies will continue investing in existing products, including VestmarkONE, VAST, Envestnet Enterprise, Tamarac and MoneyGuide. Clients will not be required to migrate platforms because of the transaction.
The acquisition is expected to close in the fourth quarter of 2026, subject to customary conditions.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly, AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Oct 24 Stripe Adds AI Agent Access to Treasury Oct 24 OpenAI and ICBA Bring Daybreak Cybersecurity Tools to Community Banks Oct 24 Wolters Kluwer Adds Agentic Tax Preparation to CCH Axcess Oct 23 TD Bank Introduces AI Credit Tool That Drafts Memos in Under 30 Minutes Oct 23 Barclays appoints Anita Tanna as first chief AI officerMore from Funding
Oct 24 Meta acquires AI data analytics startup Sundial Oct 24 Formic Raises $50 Million to Expand Factory Robotics Platform Oct 23 Pathos AI Raises $237 Million at $3 Billion Valuation Oct 23 Cuttable Raises A$20 Million and Expands AI Ad Platform Oct 23 Kevel Raises $52 Million for Retail Media PlatformFree newsletter
AI Funding Brief
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
The Hackett Group
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
EstateMin Raises €1 Million for US Expansion
Oct 21, 2026
Funding
Vantage FP&A Launches Vann for Financial Reporting and Deal Analysis
Oct 23, 2026
AI Agents
Advtech Buys 25% Stake in AI Education Platform MathU
Oct 21, 2026
Corporate Investments
Tamr raises $21 million to expand agentic data management
Oct 14, 2026
Funding
Trinity Acquires Verix to Add Tovana to TrinityEDGE
Oct 20, 2026
Acquisitions
Free, six days a week
Daily AI Brief: the AI news that matters, in your inbox.