Vestmark, a WealthTech firm offering technology and services to the wealth management industry, has joined forces with First Trust Portfolios, an investment product and advisory services provider, to broaden the availability of customised model portfolios for registered investment advisors (RIAs).

Under the partnership, RIAs will gain access to a white-label environment in which they can build and oversee model portfolios drawing on First Trust strategies. The arrangement brings together First Trust’s investment expertise and the portfolio implementation framework developed by Vestmark, allowing advisors to shape portfolios around the specific requirements of each client while still running them efficiently across a large client base.

At launch, the offering will cover strategies built on exchange-traded funds (ETFs), mutual funds and interval funds. It will make use of several Vestmark tools, including trading, tax-conscious portfolio transitions and continuous tax management. Delivered via the Vestmark Model Marketplace, these features aim to embed First Trust strategies within the day-to-day processes of advisors and to enable portfolio implementation that is both scalable and mindful of tax.

The partners intend the tie-up to increase the range of model portfolio options open to RIAs, while handing advisors more freedom over how model strategies are applied to individual clients. Vestmark will supply the implementation, trading and tax-management systems that underpin customisation at scale.

The move extends Vestmark’s expanding presence in delivering customised portfolios throughout the wealth management sector. 5 million investor accounts and over 72,000 financial advisors. Its offering covers unified managed accounts, direct indexing, tax optimisation, model portfolio delivery and fixed income management.

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