Vertical Management Systems, Inc. has announced that it ispartnering with Envestnet | Retirement Solutions to offerend-to-end retirement recordkeeping services to advisors through ERS’s integratedretirement model.

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Read: Recordkeepers court RIAs withinnovation

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VMS provides data, financial networking, and account aggregationtechnology to recordkeepers, among others. VMS’stechnology processes assets in excess of $600 billion for firmslike Wells Fargo Bank, SEI Investments, Ascensus, The Standard andothers.

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It provides a custodial product to retirement plans thatincludes such features as straight-through automated tradingbetween the recordkeeping system, custody system and fundcompanies; trailer fee billing, collection, reporting andremuneration; and participant distributions.

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Envestnet’s ERS retirement model is an integrated offering thatincludes technology and fiduciary services capabilities such asadvisor practice and model management, managed plan portfolios,3(21) advice and 3(38) management and managed accounts at theparticipant level.

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To that will be added VMS’s retirement recordkeeping platform,called Retirement Revolution.

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“We are very excited about our new partnership with VMS,” BabuSivadasan, group president of ERS, said in a statement. He added,“Retirement Revolution’s streamlined database-driven recordkeepingtechnology serves as the framework for flexible integration of allof our services. The platform’s comprehensive approach for feeaccounting will help advisors with the Department of Labor’sregulatory and reporting initiative.”

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On its website, VMS said, “In our opinion, at the end of theday, it’s plan administrators and recordkeepers that provide a bulkof the value to the plan sponsor, so we’ve designed a custodialsolution that doesn’t get in your way, so you can do justthat.”

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