Vestmark’s Multi-Year Journey with SimplyMerit
Industry
Financial Services
Challenge
Vestmark initially needed a simpler way to manage compensation because its HRIS could not support merit, bonus, and equity planning. As their needs evolved, they also needed more flexibility without adding complexity. More recently, they wanted an easier way to restore total rewards statements after a 5-year pause.
Results
With SimplyMerit, Vestmark found an easier way to manage merit, bonus, and equity planning. The platform brought more simplicity and flexibility to their compensation process as their needs evolved. As a long-termcusotmer they have continues to evolve their own use of the tool, most recently, they were able to relaunch TotalRewards Statements through SimplyMerit
Solution
SimplyMerit
“The name says it all. Although it’s simple to use, the functionality is impressive, providing everything we need. It is also flexible enough to make edits as needed. The ability to produce confirmation statements for each employee is great. Implementation was a breeze. Customer Support is very responsive and very knowledgeable about the product. Uploading and downloading information is very easy.”
Jodi
Director of Total Rewards
Vestmark
Vestmark provides wealth management solutions that help financial institutions and advisors manage personalized investing.The Challenge
Vestmark originally needed a simpler way to manage compensation because its HRIS could not support the functionality required for merit, bonus, and equity planning. Over time, that need evolved as the team looked for a more flexible way to support different manager scenarios without adding complexity to the process.
More recently, pay transparency created a new challenge. As managers gained visibility into salary ranges, Vestmark saw a growing need to help leaders understand how to use that information appropriately. It was no longer just about making compensation decisions — it was also about helping managers learn how to interpret ranges, communicate more confidently, and navigate those conversations with greater clarity and consistency.
The Solution
With SimplyMerit, Vestmark found an easier way to manage merit, bonus, and equity planning in one system. The platform gave the team a more streamlined process while also creating room to turn on additional capabilities as their needs changed over time. Most recently, that flexibility proved especially valuable as Vestmark worked through pay transparency–related changes. SimplyMerit helped create a more informed manager experience by making compensation information easier to access and use, while giving the organization a better way to guide managers through salary range visibility and compensation conversations. Vestmark also reintroduced total rewards statements, bringing back an important communication tool after a five-year pause.
“Wow, the ‘indirect report’ functionality will be a huge hit with our managers! Thank you for continuing to listen to your customers by improving what is already a great system. We appreciate it very much.”
The Results
Over the course of our relationship,Vestmark has become more than a customer—they have become a true partner, sharing thoughtful feedback that has helped shape the SimplyMerit experience . Managers have responded positively to the platform’s accessibility and to their ability to review, recommend, and communicate compensation decisions with greater clarity and confidence. We are grateful for the partnership we have built with Vestmark and look forward to continuing to support their compensation journey in the years ahead.
