Wakefield, Mass.-based Vestmark has announced that it is entering a partnership with Boston-based billing specialist Redi2.

The partnership will give advisors and institutions access to the Redi2 Wealth Manager billing solution via the VestmarkONE platform.

"We continue to seek partnerships with other innovative technology providers in order to broaden the end-to-end experience within our VestmarkONE portfolio management and trading platform," said Wayne Gilpin, senior vice president of global partners at Vestmark, in a released comment. "Redi2's Wealth Manager is a scalable solution enabling advisors to calculate fees and payouts for hundreds of thousands of households, accounts, and sleeves in a matter of minutes. This integration will allow the advisors who rely on Vestmark to accomplish more in less time for clients, including those with complex or sophisticated portfolios, within a single integrated ecosystem."

Redi2 allows advisors to bill clients and analyze, audit, collect and manage fee revenues across plans and products. The Wealth Manager platform enables advisors to define fees at the account, sleeve and specialized aggregation levels, and supports customized payout scenarios.

Redi2 staff will collaborate with Vestmark to help ensure that Vestmark’s clients are accessing the optimal billing solution for their businesses, according to the companies’ announcement.