Advent Software Announces Update to Its Platform for Asset and Wealth Management

Mon Nov 12, 2012 9:10am EST

* Reuters is not responsible for the content in this press release.

  SAN FRANCISCO, CA, Nov 12 (Marketwire) -- 
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and
services for the global investment management industry, today announced
the global availability of its update to the company's platform for asset
and wealth management. This release provides significant improvements to
components of the platform. The platform is comprised of Advent Portfolio
Exchange(R) (APX), Moxy(R), Advent Rules Manager(R), Advent Revenue
Center(R), Advent(R) General Ledger Exchange (Advent(R) GLX), Tradex(R),
Advent Corporate Actions(R) (ACA), and Advent Custodial Data(R) (ACD) and
is now further enhanced to support key workflows and data access across
the entire investment process. 

    "We are excited to introduce this release to the global market as these
updates give asset and wealth managers a more comprehensive dashboard to
see and manage their portfolios, reconcile accounts and increase the
speed by which they can respond to changes in the market," said Pete
Hess, President and CEO, Advent Software. "With regular updates to the
platform we provide investment managers with the functionality they rely
on from a partner to run their business from front to back office across
departments. We are committed to developing and enhancing our solutions
to help remove the boundaries between systems and information in order to
help our clients thrive."

    A few highlights of the new release include increased instrument
coverage, ranging from improvements in accounting and reporting of
Private Equity investments to connectivity with third party vendors for
more efficient fixed income trading. Users can expect to see enhanced
interfaces, more robust dashboards and improved client reports including
an expanded business intelligence solution for asset and wealth managers.
This release also boasts a new tool to facilitate the reconciliation
process, which strives to remove barriers in order to streamline business
operations.

    "We're going to bring clarity between the back and front office with the
new reconciliation toolset," said Bob Stiess, Business Systems Manager at
Wasmer, Schroeder & Company, one of the beta testers for the updated
platform. "By taking position reconciliation from a report based process
to a database operation, both back office staff and portfolio managers
will be able to see the reconciliation status of portfolios in real-time.
This transparency reduces time consuming emails and phone calls about
reconciliation, and improves everyone's confidence in the portfolio data."

    Relied on by over 900 firms globally, Advent's platform for asset and
wealth management enables firms to function more efficiently, find
information more quickly and maximize their return on investment. 

    About Advent
 Advent Software, Inc., a global firm, has provided trusted
solutions to the world's financial professionals since 1983. Firms in
more than 60 countries count on Advent technology to run their
mission-critical operations. Advent's quality software, data, services
and tools enable financial professionals to improve service and
communication to their clients, allowing them to grow their business
while controlling operational risks and costs. For more information on
Advent products visit http://www.advent.com/about/resources/demos/pr.

    Advent, the Advent logo, Advent Software, Advent Portfolio Exchange,
Moxy, Advent Rules Manager, Advent Revenue Center, Advent Corporate
Actions, and Advent Custodial Data are registered trademarks of Advent
Software, Inc. Tradex is a registered mark of Advent Norway AS in the
European Community, Denmark and Norway. All other company names or marks
mentioned herein are those of their respective owners.

    

Contacts:
Amanda Diamondstein-Cieplinska
Advent Software, Inc.
+1 (415) 645-1668
adiamond@advent.com

Daphne Marciel
Advent Software EMEA
+44 20 7631 9240
daphne.marciel@advent.com 

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