Envestnet acquires Vestmark

● STRATEGIC | FINTECH · Wealth Management

SEPTEMBER 9, 2026

Envestnet (Bain Capital) acquires Vestmark

TARGET

Portfolio management, trading, and tax-transition SaaS platform for wirehouses, broker-dealers, and wealth management firms; supports more than $2 trillion in assets across five million-plus accounts.

Ownership	VC-backed · Summit Partners, Vestigo Ventures, Alumni Ventures, Savano Capital Partners
Capital raised	$68.2M
Headcount	422 FTEs
Headquarters	Wakefield, Massachusetts
Leadership	Karl Roessner, Chief Executive Officer
Sell-side advisor	Raymond James; Berenson & Company

ACQUIRER

Envestnet

Adaptive wealth management technology platform serving more than a third of all U.S. financial advisors across its platforms with approximately $8 trillion in platform assets.

Ownership	PE-backed · Bain Capital; Bain Capital, Reverence Capital Partners, BlackRock, Fidelity Investments, Franklin Templeton, State Street Global Advisors, Norwest +2 more
Capital raised	$4.37B
Headcount	3,100 FTEs
Headquarters	Berwyn, Pennsylvania
Leadership	Chris Todd, Chief Executive Officer
Buy-side advisor	Morgan Stanley; Raymond James

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Envestnet -> Vestmark  (2026-09-11)
add_on | FinTech | announced
Target: Portfolio management, trading, and tax-transition SaaS platform for wirehouses, broker-dealers, and wealth management firms; supports more than $2 trillion in assets across five million-plus accounts.
Website: vestmark.com | Buyer site: envestnet.com
HQ: Wakefield, Massachusetts | Ownership: vc-backed | Buyer sponsor: Bain Capital | Buyer ownership: pe-backed
Advisors - Sell-side: Raymond James; Berenson & Company; Buy-side: Morgan Stanley; Raymond James
Source: Thematic - https://thematichq.com/software/d/envestnet-vestmark.html

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