Janney Montgomery Scott has selected VestmarkONE to expand its managed account capabilities while providing enhanced operational efficiency.

VestmarkONE, a unified wealth management platform provided by Vestmark, will allow Janney to have stronger control over managed accounts and investment advisory programs while providing oversight, active portfolio management and portfolio surveillance, according to Vestmark President Rod Klapprodt.

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The real-time technology works with broker-dealers, investment managers, RIAs, bank trusts and other financial firms to minimize operating risks. It will also give Janney the ability to enhance its managed accounts programs, give advisor and home office trading as well as pre-trade and post-trade compliance capabilities.

Janney is but one of several Wall Street firms embracing new technology to manage client accounts.

“At Janney, we continuously seek to find new solutions and tools that can improve the quality of the service and advice we provide our clients,” Ed Walters, head of product and research at Janney, said in a press release, “VestmarkONE’s enhanced trading tools and easy-to-use web-based interface will enable us to offer our clients superior managed account solutions with the capability and flexibility to meet investors’ increasingly complex needs.”

Kylie Hennagin writes for Financial Planning.