Oslo, Norway- 16th April, 2002 - Advent Europe, the independent European distributor of Advent Software, Inc.® (NASDAQ: ADVS), announces that Norwegian based Formuesforvaltning ASA, one of the most significant players in the investment advisor market in Norway, has chosen Advent Office as the integrated solution for their portfolio management and reporting system. Adding MyAdvent™, a module which functions as a tool for each of their investment advisors to easily access all assets under management through one portal,Formuesforvaltning ASA is preparing to remain highly competitive in the Norwegian marketplace.
Meeting our needs
Since start up in 2000, business has thrived for Formuesforvaltning ASA. With a staff of 90, 1,300 clients and 2,2 billion NOK in AUM, it became necessary to find an investment management solution that matched. "We look forward to working with Advent Norway, and know that the system complies to our needs and requirements", says Head of the company’s discretionary management and high-end division, Bjarne Brynning.
Strong Product and Vendor History
"We examined the market for an investment management solution, and ultimately chose Advent Office not only because of the impressive world-wide client base and local presence in Norway, but also because of the skills and dedication of the Advent Europe staff. We can see great opportunities for our business in using such excellent products. With the Advent Europe solution, we will have the advantage of fast and solid reporting, and integrated fixed income management with all other assets in one single system."
A dedicated Technology Partner
"We are pleased to be Formuesforvaltning ASA’s new technology partner", says Inge Five, Country Manager for Advent Norway AS.
He continues, "We are ready to help them strengthen their position in the market even further through our sophisticated and cost-efficient solutions."