Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it now has more than 500 clients leveraging Advent Portfolio Exchange (APX) through either on-site installation or on an outsourced basis, through Advent® Outsourcing Services. APX is Advent’s award-winning, end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting.
Advent clients can choose from a variety deployment options for APX, including on-site installation, managed hosting or a fully outsourced environment with reporting and reconciliation services. The 500 APX clients are comprised of a wide range of investment management firms in 30 countries, including wealth managers, asset managers, family offices, independent advisors, trusts, broker dealers and hedge funds, managing assets from $25 million to over $100 billion.
Commented Aite Senior Analyst Denise Valentine, “Portfolio management systems serve as the core infrastructure to many investment management firms. In today’s complex and competitive business environment, these firms can face difficult choices regarding available resources. Technology vendors that offer options in deployment methods and support services give clients the flexibility to modify their relationship to reflect unique circumstances. It’s a win for both parties.”
“We are thrilled to reach this significant milestone, which is a testament to APX’s industry-leadership,” said Anthony Sperling, Senior Vice President and General Manager of Advent’s Investment Management Group. “Since its launch in late 2005, APX has been very well-received by the investment management community as firms look to improve their operational infrastructure and enhance client service. With a choice of flexible deployment options, APX supports a wide range of firms with different needs and business models; and we continue to invest heavily in the product, making technological advancements that allows for increased functionality and scalability to meet the unique and evolving needs of today’s investment management firms.”
APX continues to attract attention with industry recognition. Recent awards include: Best Portfolio Management System, Waters Magazine and Best Buy-Side Client Reporting System, Buy-Side Technology.
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