Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced the release of Advent Portfolio ExchangeÂ® (APX) 3.0, its most extensive release of APX to date. With this release, Advent continues to set a new standard in comprehensive portfolio management for asset managers and global wealth managers. The latest version of APX offers ultimate flexibility to manage portfolios and client relationships.
Key features of APX 3.0 include:
â¢ New reporting framework using Microsoft SQL Server Reporting Services (SSRS) for complete flexibility in creating custom reports
â¢ Expanded data access to deliver superior client service and manage operations more efficiently
â¢ Enhanced client relationship management (CRM) features to better track and manage client communications
âWe had been eagerly awaiting the new reporting capabilities in APX 3.0 and are extremely pleased with what weâve seen,â said Jason Robinson, Manager of Reporting, Athena Capital Advisors. âWe anticipate extensive use of APXâs new SSRS reporting features; having complete flexibility in creating custom reports delivers significant value and time savings for our firm.â
âThe CRM and client service component in APX continues to get better with each version; the enhanced search capabilities, Microsoft Outlook email capture and Microsoft Exchange synchronization were all must-haves,â said Peter Rieke, Chief Compliance Officer and IT Manager, Disciplined Growth Investors. âAdvent is continually working to make its products better and engaging clients in the process â we are very pleased to have them as our technology partner.â
âWe are very excited about APX 3.0, a feature rich release which marks a critical milestone in the productâs evolution and extends its market leadership,â said Michele Holton, Director of Product Marketing at Advent. âThe expanded features and platform enhancements, along with the open architecture in APX 3.0, provide our clients with a valuable tool to help manage operations, grow assets and strengthen client relationships.â
With more than 600 clients in 30 countries around the world, APX has established itself as a leading platform of choice for portfolio management and reporting, delivering a single, customizable solution to automate multiple phases of the investment management process. Clients can choose from a range of deployment options for APX, including a locally installed model, or, with Advent OnDemandSM, a SaaS model with hosted options ranging from hardware and application managed hosting to full business process outsourcing. APX clients are comprised of a wide range of investment management firms, including wealth managers, asset managers, family offices, independent advisors, trusts, broker dealers and hedge funds, managing assets from $25 million to over $100 billion.