Advent Software, Inc. (Nasdaq: ADVS - News), the leading provider of software and services to the investment management industry, today announced that 26 clients purchased Advent Portfolio ExchangeÂ® during the company's fourth quarter, which ended December 31, 2006. Advent Portfolio ExchangeÂ® delivers a comprehensive and scalable solution that provides asset managers and financial advisors with a single platform for integrated portfolio and relationship management.
"We are always looking to increase our efficiency and better serve our clients, so we were drawn to the integrated CRM and statement automation tools offered in Advent Portfolio ExchangeÂ®. Add to that the increased user security, relational database, and Advent's knowledgeable services staff, and choosing Advent Portfolio ExchangeÂ® was an easy decision for us," said Edward Wright, II, Senior Manager, Trust Officer, Piedmont Investment Advisors, LLC.
Advent signed the 26 agreements for Advent Portfolio ExchangeÂ® with a range of investment management firms, including:
-- Diamond Hill Investments, an Ohio-based firm with $3.7 billion of
assets under management in multiple strategies, through its mutual
funds, institutional and high net worth separate accounts and private
-- Global Resource Investments, Ltd., a retail broker-dealer, specializing
in natural resource investment opportunities around the world;
-- Munder Capital Management, a Birmingham, Michigan-based investment firm
with $28.3 billion under management;
-- Piedmont Investment Advisors, LLC, a professional money management firm
specializing in managing employee pension and endowment funds,
corporate, public and Taft Hartley funds; and,
-- Rawlinson & Hunter, an international firm of chartered accountants and
private client tax advisors based in London.
"We are thrilled with the continued strength of the client response to Advent Portfolio ExchangeÂ®," said Stephanie DiMarco, President and CEO of Advent Software. "The strong market acceptance we saw in 2006 for this innovative, next-generation platform proves that Advent's commitment to deliver market-leading solutions is answering a clear need: helping our clients execute more effectively and efficiently so they are free to focus on and grow their core business."