Trusco, a long-time Advent client migrated to APX from AxysÂ®. They have upgraded to APX to take advantage of the systemâs integrated portfolio management and client relationship management capabilities, positioning themselves for further growth. âThe benefits of having such a robust integrated platform from a trusted partner made it an easy decision to upgrade to APX,â said Sean Porrello, Director of Investment Technology, Trusco Capital Management.
âAPX provides us with a stable accounting platform that has been instrumental in significantly enhancing operational efficiencies and allowing us to increase our assets under management without any additional modifications or expenses. The ease of automation, along with the accuracy of the data has allowed our team to automate even more overnight processes and have the data used in the investment process available for the start of each business day,â added Porrello.
âWe are very pleased to welcome Trusco to our growing list of customers that have gone live on APX,â said Michele Holton, Director, Product Marketing at Advent. âWe continue to see strong demand for APX as large firms like Trusco seek to improve front and back office operations.â
The 30 customers that went live on APX in the past six months comprise a wide range of investment management firms in the U.S. and EMEA region, including several leading asset managers, family offices and broker dealers. Advent currently has more than 120 signed APX clients across 13 countries.
Added Holton, âWe are excited about the maturation of APX and the momentum we have seen behind the product in recent months. The strong client response proves that APX is helping our clients execute more effectively and efficiently.â