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ENVESTNET TO ACQUIRE VESTMARK, EXTENDING ITS CAPABILITIES TO MEET THE ADVISOR MARKET’S GROWING DEMAND FOR INCREASINGLY SOPHISTICATED TRADING AND TAX SOLUTIONS

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Acquisition Adds Vestmark’s Trading, Tax Transition, and Engineering Capabilities — and a Complementary Client Base — to Envestnet’s Ecosystem, While Accelerating Delivery of Core and AI-Forward Innovation

BERWYN, Pa. and BOSTON, Sept. 9, 2026 /PRNewswire/ — Envestnet, a leading Adaptive WealthTech company serving more than a third of all advisors across all its platforms and $8 trillion in platform assets, today announced a definitive agreement to acquire Vestmark, a premier provider of portfolio management technology, institutional-grade trading, and outsourced investment management services for some of the industry’s largest wealth firms. Vestmark supports more than $2 trillion in assets and five million-plus accounts.

As wealth management firms grow, their operating models change along with what they require from technology. Adding Vestmark enables Envestnet to solve more complex wealth management challenges for more firms and advisors. With Vestmark, the Envestnet adaptive wealthtech platform scales more effectively to support all firms, from emerging RIAs to the largest advisory firms in the industry, across their wealthtech needs.

The result is one connected ecosystem across the full wealth management lifecycle — from understanding an investor’s needs to constructing, personalizing, implementing, trading, and managing portfolios at scale.

Highlights

Built to solve the hardest problems in wealth technology. The combined company brings the skill, expertise, and technology to handle the most complex and demanding operational workflows in the industry — and the breadth of data, drawn from working with some of the market’s most sophisticated participants, to sharpen the decision intelligence delivered to every client.An adaptive continuum, adopted at each firm’s pace. As wealth management firms grow, their operating models change — and so does what they require from technology. Adding Vestmark gives Envestnet enhanced capabilities and the modularity needed to support the most sophisticated wealth management workflows in the industry, from emerging RIAs to the largest, most complex advisory firms — all on one adaptive ecosystem with no forced migration.One new firm comprised of two deep benches of experience. For two and a half decades, Envestnet has worked alongside the industry’s most sophisticated independent broker-dealers, scaled RIAs, and hybrid firms. Vestmark brings that same caliber of expertise, built over 25 years with wirehouses and other clients running institutional-grade trading operations. With broader and more varied capabilities, Envestnet is positioned to compete across an expanded addressable market and more effectively serve a greater variety of customer needs.Continued investment in both product roadmaps. Envestnet and Vestmark will each continue to invest in and execute against their existing product roadmaps — including VestmarkONE, VAST, Envestnet Enterprise, Tamarac, and MoneyGuide, with incremental investment in AI-forward workflows and unification.

“Wealth management offerings have been siloed for too long, with advisors, traders, and portfolio managers each locked into their own piece of the puzzle,” said Chris Todd, Chief Executive Officer of Envestnet. “Bringing Vestmark into the Envestnet ecosystem changes that. Wherever a firm sits today, and wherever they’re headed next, they’ll have a platform that can grow with them. We’re not slowing down to make this happen — we’re speeding up, protecting what makes each company great and putting even more behind the roadmap our clients are counting on. Our AI strategy unifies, orchestrates, and personalizes the advisor experience at Envestnet, and will extend across Vestmark’s workflows too. That’s a real reimagining of how advisors do their jobs.”

“For 25 years, Vestmark has focused on helping wealth management firms navigate increasingly complex portfolios with greater scale, personalization, and efficiency,” said Karl Roessner, Chief Executive Officer of Vestmark. “Envestnet and Vestmark bring complementary capabilities and expertise to the market, and together we can create something neither company could deliver on its own. We will build on the technology, services, and client relationships that have made Vestmark successful, while accelerating investment in portfolio management, tax management, and AI-driven capabilities that help wealth management firms operate more efficiently and deliver better outcomes for their clients.”

Capabilities Extended Across Both Client Bases Over Time

Both companies will keep building — and moving faster. VestmarkONE and VAST remain core to the combined offering, and Envestnet will continue to deliver against the Envestnet, Tamarac, and MoneyGuide roadmaps announced earlier this year, including the recent launch of Wealth Trading, Report Studio, expanded alternatives solutions, and enhanced MoneyGuide capabilities. Vestmark adds a deep bench of engineering and product talent, giving both companies more capacity and greater velocity in launching products.

Over time, that momentum will extend across both client bases. Vestmark clients gain access to Envestnet’s recently enhanced reporting and planning strengths, including Tamarac and MoneyGuide, while Envestnet clients gain access to more modular trading, rebalancing, and sophisticated tax transition capabilities — including VestmarkONE, VAST, and Vestmark’s Pulse AI-powered monitoring and intelligence tools. It also opens the door to new AI-enabled capabilities for advisors and the clients they serve, surfacing insight earlier in the process, making personalization easier to deliver at scale, and returning more of the advisor’s day to growth and/or giving them back time to spend with clients.

Vestmark’s products, technology, and client-facing teams will continue to serve the wealth firms, asset managers, and advisors that depend on them, now backed by Envestnet’s broader platform and resources with no requirement for clients of either company to migrate platforms due to this transaction. For clients of both companies, this means more optionality over time — open architecture and third-party flexibility that lets enterprise firms differentiate their businesses and build what’s next.

The deal is expected to close in the fourth quarter, pending customary conditions. Terms of the transaction were not disclosed.

Advisors

Ropes & Gray LLP acted as legal advisor, and UBS, Goldman Sachs & Co. LLC, RBC Capital Markets, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC acted as financial advisors to Envestnet.

WilmerHale LLP acted as legal advisor, and Raymond James & Associates and Berenson & Company acted as financial advisor, to Vestmark.

About Envestnet

Envestnet is a leading Adaptive WealthTech company that helps advisors meet the moment with its comprehensive technology, insights, and industry-leading support. This empowers advisors to make smart decisions throughout every step of a client’s financial life. Backed by 25 years of experience and approximately $8.0 trillion in platform assets, Envestnet is trusted by a broad range of financial advisors across many leading banks, wealth managers, brokerages, and RIAs.

For a deeper dive into how Envestnet is shaping the future of financial advice, visit www.envestnet.com. Stay connected with us for the latest updates and insights on LinkedIn and X (@Envestnet).

Envestnet refers to the family of operating subsidiaries of the holding company, Envestnet, Inc.

About Vestmark

Headquartered in Wakefield, Massachusetts, and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors. Vestmark enables wealth management firms to efficiently manage customized client portfolios through an innovative, enterprise-ready platform. Supporting more than $2 trillion in assets and more than five million investor accounts, Vestmark partners with some of the largest and most respected firms in wealth management.

For more information, visit www.vestmark.com.

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SOURCE Envestnet

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Asia Poised to Play Bigger Role in Physical AI as Investors Eye Manufacturing, Data

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SAN FRANCISCO, Oct. 27, 2026 /PRNewswire/ — Asia’s semiconductor expertise, manufacturing infrastructure and industrial supply chains could give the region a significant role in the development of Physical artificial intelligence (Physical AI), as investors look beyond software to the challenges of deploying intelligent machines in real-world environments.

Speaking at the recently concluded Silicon to Scale: A Physical AI Summit during SF Tech Week, venture capital investors highlighted opportunities for Taiwan, Japan and Southeast Asia as robotics companies move from prototypes toward commercial deployment.

Co-hosted by Startup Island TAIWAN Silicon Valley Hub and SparkLabs Taiwan, also part of SparkLabs Taiwan’s US Landing Program, the summit drew more than 170 investors, industry leaders and founders, and featured five Taiwanese Physical AI startups: Morale AI, MetAI, Jmem Tek, Neuroshine and APMIC.

The Venture Dialogue, ‘What Makes Physical AI Investable?’, was moderated by Bernard Moon, Co-Founder and Managing Partner of SparkLabs Group, with Jeff Tao, Director of AI Infrastructure at Citi; Dr. Vandon Duong, Principal at DCVC; and Kosuke Yusa, GP and Head of Investment at Open Network Lab Fund, DG Incubation, Inc.

Before the venture dialogue, the summit opened with a Corporate Dialogue, ‘From Concept to Production: Physical AI at Scale,’ moderated by James Lim of NVIDIA’s Venture Capital Strategy & Partnerships team. Panelists Austin Tseng, President of Delta Electronics (Americas); Vince Fong, Co-Founder and CEO of Highrise AI; and Daniel Yu, Co-Founder and CEO of MetAI, discussed what it takes to move Physical AI from simulation to real-world deployment, from closing the sim-to-real gap to the compute, edge and energy infrastructure needed to scale.

“Taiwan’s semiconductor and manufacturing strengths are well known in Silicon Valley, and investors here are increasingly keen to partner with Asian strategic investors as Physical AI moves from prototype to production,” said Edgar Chiu, Founding Managing Partner of SparkLabs Taiwan. “Our mission is to be that bridge, bringing Taiwanese founders to US customers and capital, and connecting US companies with Taiwan’s supply chain and strategic investors.”

For Taiwan, the shift could create opportunities to leverage its strengths in semiconductors, electronics and advanced manufacturing, according to Uly Su, director and head of Startup Island TAIWAN Silicon Valley Hub.

Su said the hub is organizing a series of industry dialogues and investor gatherings to connect Taiwanese startups with Silicon Valley’s technology and investment communities. The initiatives aim to help founders identify commercial opportunities, build international partnerships and strengthen Taiwan’s position in the emerging Physical AI industry.

Asia’s manufacturing advantage

Jeff Tao, Director, AI Infrastructure at Citi said Asia’s established semiconductor and electronics supply chains could provide a foundation for the growth of Physical AI, particularly as companies seek to diversify production amid geopolitical uncertainty.

He pointed to semiconductor assembly and testing operations in Southeast Asia, including Malaysia, as examples of existing manufacturing capabilities that could support emerging technologies.

Taiwan, meanwhile, occupies an important position in the global semiconductor industry, providing expertise and manufacturing infrastructure relevant to the development of AI-powered robotics.

Tao said Physical AI companies could benefit from combining Asia’s manufacturing strengths with access to the United States, where high labor costs are creating opportunities for industrial automation.

Kosuke Yusa, GP & Head of Investment, Open Network Lab Fund, DG Incubation, Inc.said Japan offers a different advantage: industrial environments that demand flexibility and continuous improvement.

Japanese production lines frequently change, requiring robotics systems that can adapt to different tasks and operating conditions, he said.

The missing piece: Real-world data

Despite Asia’s manufacturing capabilities, investors identified access to training data as a major obstacle to the commercialization of Physical AI.

Unlike large language models, which can draw on extensive digital information, robotics systems require specialized datasets collected from factories, production lines and other physical environments.

Tao said collecting such information is particularly difficult because manufacturers are reluctant to share proprietary operational data.

Dr. Vandon Duong Principal at DCVC (Data Collective Venture Capital) said AI developers are willing to pay substantial amounts for diverse, well-annotated datasets, creating opportunities for startups specializing in data collection.

However, he questioned how companies could build lasting competitive advantages as more businesses enter the market.

Computing costs and investment opportunities

The panel also discussed rising AI infrastructure spending and the constraints it creates for emerging companies.

Tao said electricity availability has become an increasingly important bottleneck for AI infrastructure development in the United States, following earlier constraints involving GPUs and data centers.

He identified opportunities for startups developing more efficient power systems, cooling technologies and semiconductor manufacturing processes.

Duong said investors are also examining technologies that reduce inference costs and improve computing efficiency.

From Taiwan to Silicon Valley

The discussion underscored the potential for Asian Physical AI startups to combine regional manufacturing capabilities with American capital, customers and technology markets.

Investors said founders must understand the requirements of industrial customers, particularly when developing systems for manufacturing environments where reliability and adaptability are critical.

While panelists acknowledged concerns about AI valuations and infrastructure costs, they remained optimistic about long-term adoption.

Tao also cautioned that productivity gains from AI could create short-term labor displacement, raising broader questions about how the economic benefits of automation will be distributed.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/asia-poised-to-play-bigger-role-in-physical-ai-as-investors-eye-manufacturing-data-302920643.html

SOURCE Startup Island TAIWAN Silicon Valley Hub

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S&P Global Reports Third Quarter Results; Announces Strategic Review for Capital IQ and Associated Data Businesses

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NEW YORK, Oct. 27, 2026 /PRNewswire/ — S&P Global (NYSE: SPGI) today reported third quarter results. The Company’s earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings. 

Supplemental Information/Conference Call/Webcast Details: The Company’s senior management will review the third quarter 2026 earnings results on a conference call scheduled for today, October 27, at 8:30 a.m. EDT. Additional information presented on the conference call, and the Company’s supplemental slide content may be found on the Company’s Investor Relations Website at http://investor.spglobal.com/Quarterly-Earnings. 

The Webcast will be available live and in replay at http://investor.spglobal.com/Quarterly-Earnings. 

About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape.

From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world’s leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today. Learn more at www.spglobal.com.

Investor Relations: http://investor.spglobal.com 

Contact:

Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel: +1 (347) 640-1521
mark.grant@spglobal.com 

Media:
Christina Twomey
Chief Communications Officer
Tel: +1 (646) 407-3001
christina.twomey@spglobal.com 

 

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SOURCE S&P Global

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Common Thread Advisors launches to help organizations untangle complex change

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Co-founded by five industry leaders with a legacy of delivering growth and transformation

NEW YORK, Oct. 27, 2026 /PRNewswire/ — Common Thread Advisors (Common Thread), a new independent consultancy, launched today to move organizations from strategic intent to commercial impact. Common Thread guides organizations through transformation and change by closing the gap between leadership strategy and human behavior—so change stops being something teams recover from and starts being something they build on.

Common Thread was co-founded and is being led by five industry leaders with decades of senior in-house and consultancy-side experience across business strategy, change management, digital and AI-enabled transformation, strategic communications and social investment. The team brings deep lived experience, having led its former consultancy firm KYNE through a multi-year, global integration and private equity-driven transformation. All five co-founders are Partners, with Wendy Woods-Williams serving as Managing Partner and David Kyne as Executive Chair.

Wendy Woods-Williams — Managing PartnerMaureen Byrne — Partner, Client Experience & GrowthMichael Grela — Partner, Operations & ImpactDavid Kyne — Partner, Executive ChairJulie O’Donnell — Partner, Strategy & Innovation

Organizations and their leaders are facing increasingly complex internal and external pressures and a rapidly evolving environment, requiring near-constant transformation to support innovation and growth. At the same time, technology and change often move faster than teams can absorb and cultures can evolve, causing the majority of transformations to ultimately fail in practice.

“One of the most important performance drivers in transformation strategy is whether the people who must deliver the change are not just briefed or trained, but truly with you. When organizations don’t fully invest in the human side of change, the result is often stalled adoption, lost productivity and strategies that never fully land, impacting the bottom line,” said Wendy Woods-Williams, Co-Founder and Managing Partner, Common Thread. “We built Common Thread to do things differently. Our team is senior from day one and 100% focused on change by design, allowing us to stay close to the work while being credible in the boardroom. We partner with clients to identify critical business drivers and develop approaches around them, helping organizations move through and benefit from change, faster.”

“After years moving in different directions, what felt like gravity pulled this team back together with a collective desire to create a new kind of firm—one that draws on our common experience navigating change and meets a growing need across industries and geographies,” said David Kyne, Co-Founder and Executive Chair, Common Thread. “We work with clients to identify and act on the common threads that connect teams and cultures, impacting their ability to achieve their goals and reach their commercial potential. We connect intent with execution and proof.”

Common Thread’s offering is built on decades of established change management, human behavior and communications research and models, and includes several interconnected service areas:

Transformation and Change: Change is only successful when people truly understand it, trust it, and know what to do differently. Common Thread makes sure strategies land by building belief in the approach, the plan, and the people leading it.Leadership and Culture: Engaged and productive teams require trust in leadership and a set of values and a culture that live beyond the handbook. Common Thread helps protect and build leadership trust and shape the culture teams and strategies need to deliver.Social Performance and Impact: Societal value and impact are important business indicators but can be difficult to track. Common Thread helps prioritize and connect commitments to measures that impact reputation and the bottom line.

Common Thread’s unique approach is centered around four key conditions shaping change—clarity, agency, capacity and trust—helping quickly identify what matters most and prioritize efforts with the greatest impact. From friction and trust mapping to strategic leadership engagement, listening tours and manager sprints, Common Thread provides a comprehensive suite of transformation and change-related offerings, built to address each client’s specific needs. Clients often engage Common Thread during leadership transitions, business transformations, growth periods, mergers, acquisitions, restructurings, AI integrations and the rollout of new operating models and policies.

Common Thread works as an extension of client teams, operating inside live programs, close to the real decisions and trade-offs that determine whether change happens. Measurement is built into every engagement, connecting human factors to business outcomes and creating a consistent evidence base for ongoing improvement.

About Common Thread Advisors
Common Thread Advisors (Common Thread) is an independent consultancy that helps turn strategic intent into commercial impact. Too often, strategy sits apart from the people responsible for bringing it to life. Common Thread ensures transformation lands by bridging the gap between strategy and human behavior. We get people engaged, leaders empowered and strategies delivered in practice—so organizations can move through and benefit from change, faster. Across transformation and change, leadership and culture, and social performance and impact, we connect intent with execution and proof. That’s complex change, untangled.

Common Thread is values- and purpose-driven. We’re committed to being a good corporate citizen and a best place to work by operating at the highest ethical standards, working with clients who share our philosophy and values and donating a percentage of future annual profits to causes impacting our communities.

To learn more, visit LinkedIn, Instagram and www.CommonThreadAdvisors.com. 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/common-thread-advisors-launches-to-help-organizations-untangle-complex-change-302918309.html

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