Asset Manager Implements Advent® to Improve Compliance and Client Reporting
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that AS LHV Pank is now live on Advent’s platform for asset management.* AS LHV Pank selected Advent to improve compliance, performance and client service levels.
AS LHV Pank offers asset management services to both private and institutional investors and is the third largest broker on the Nasdaq OMX Baltic market. The company selected Advent to improve their client reporting capabilities, reduce manual input and lower the risk of error in their processes, scale their business, and help meet upcoming regulatory requirements.
“After a thorough market evaluation, we determined that the Advent solutions were clearly the best fit to meet our needs,” said Mihkel Oja, CEO of LHV Asset Management. “Advent has a long-standing reputation in the industry as a leader and we are confident that the solutions we’ve implemented will help us meet increasing regulatory and investor requirements, while allowing us to further grow our business and deliver the highest level of service to our clients.”
Advent’s award-winning solutions are designed to help investment management firms achieve more transparency, control and efficiency in their businesses. Advent’s platform for asset management supports workflows across the entire firm, including portfolio management and accounting, portfolio construction, trading, client reporting, reconciliation and settlement. Shared data and an intuitive user experience across and through-out the platform enables individuals to outperform – on behalf of the firm and its clients.
“We are committed to providing the market with the most comprehensive platform to enable growth and profitability, and we strive to ensure that our clients are fully satisfied with our services,” said Håkan Valberg, senior vice president and general manager, Advent Software EMEA. “After a careful review, AS LHV Pank selected Advent, which is a testament to the flexibility and capability of our platform to meet the needs of the industry’s leading investment management firms, and we are honored to be a partner in their future success.”