Latest version of Advent Portfolio Exchange® offers expanded relationship management functionality for firms serving high net-worth clients
New York and San Francisco, June 20, 2006 – Advent Software, Inc. (NASDAQ:ADVS), the leading provider of software and services to the investment management industry, today announced the second major upgrade to Advent Portfolio Exchange® (APX) Version 1.5, with expanded scalability and enhanced integration of relationship and portfolio management features. Version 1.5 enables asset managers and single or multi-family offices the ability to provide outstanding client service in a single solution, thus eliminating the cost and complexity of managing multiple systems.
“Whether serving the needs of an asset management firm or a family office, Advent Portfolio Exchange® Version 1.5 delivers value for every professional within a firm,” said Dan Nye, Executive Vice President and General Manager of Advent’s Investment Management business line. “The launch of Advent Portfolio Exchange® (APX) Version 1.5, with the ease-of-use, flexibility, customization, scalability and security it offers, is further proof of Advent’s commitment to deliver superior and reliable products to the market that help our customers better serve their clients.”
Building on the success of Advent Portfolio Exchange® Version 1.0 (launched in September 2005), Version 1.5 provides asset management firms and family offices with access to a single platform for integrated portfolio and relationship management as well as a link to a customizable General Ledger (GL) interface, a key requirement for family offices. Other key benefits include the ability to manage multiple business lines on a single platform, search and select multiple clients or prospects for mass emails, and creation of custom dashboards at the portfolio level – all without increasing staff expense.
“The move to APX provides financial advisors with the ability to view key client information dynamically online. Its customized views and search functionality allow me to answer many of my clients’ questions in real time, rather than asking if I can call them back,” said Rodney Engh, CFP® at Bill Few Associates of Pittsburgh, PA. “I am able to respond more quickly and accurately to clients’ questions, enabling me to be more productive and more responsive to their needs.”
“The highly personalized and customized service that asset management firms provide to their high net-worth clients makes their investment management and reporting needs unique. Advent Portfolio Exchange® Version 1.5 addresses these needs with enhanced functionality for tracking family decision-making and governance; automated, customized and consolidated reporting; and a centralized database of information and client activities,” said William Penney, Senior Director of Product Marketing at Advent Software.
Advent Portfolio Exchange® 1.5 provides asset managers with a comprehensive and scalable solution that is easy to use. Additional functionalities include proactive investment management such as monitoring and reporting tools for consolidated household portfolios, infrastructure to manage compliance, customized fields for automated reporting and a relationship-based workflow for CRM functionality.
Advent Portfolio Exchange® is the most comprehensive offering to manage both front and back office operations and includes integration to Advent’s suite of solutions for trading and order management and custodial data. With more than 1,800 large asset management firms and more than 215 family office firms already relying on Advent’s solutions, Advent Portfolio Exchange® Version 1.5 reaffirms Advent’s commitment to the asset management industry.