Advent Software, Inc. (NASDAQ:ADVS) a leading provider of software and services for the global investment management industry, today announced that Pendo LLC is using Adventâs product suite including Advent Portfolio ExchangeÂ® (APX), its award-winning, integrated portfolio and client relationship management solution, and MoxyÂ®, its industry leading trade order management solution.
Manhattan-based Pendo LLC is a registered investment advisor serving high-net-worth individuals and institutions. As a start-up three years ago, the firm needed a technology platform that was efficient, fully integrated and would allow the firm to grow with minimal incremental investment in technology or headcount. Pendo LLC turned to Advent to achieve those goals.
âHaving a well integrated portfolio management and trading platform is crucial; importing and exporting data from APX to MoxyÂ® is a seamless process and on a daily basis saves us a huge amount of time and effort,â said Tina Larsson, Chief Executive Officer and Lead Portfolio Manager, Pendo LLC. âWe started with just three people and have been able to retain the size of our operations because the technology is that good. We believe that we could grow from a $50 million to a billion-dollar firm with the same environment that we have now. Advent is a necessity, no question.â
âOur solutions are designed to help firms, large and small, achieve efficiencies at every level,â said Michele Holton, Director of Product Marketing at Advent. âPendoâs use of APX and MoxyÂ® is a great example of how our comprehensive suite can provide firms with a scalable platform for growth. Itâs gratifying to hear that Advent is helping Pendo take their business to the next level.â