Advent's Black Diamond Collaborates With Investment Advisors Division of Raymond James
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SAN FRANCISCO, CA, Mar 25 (Marketwire) -- Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that they have joined forces with the Investment Advisors Division (IAD) of Raymond James Financial (NYSE: RJF). As a preferred vendor, Advent's Black Diamond portfolio management and reporting platform is available to independent registered investment advisor firms who use Raymond James as their custodian. "The RIA firms affiliated with our division have the opportunity to choose from a wide variety of technology tools and resources," said Mike DiGirolamo, managing director of IAD. "We are committed to providing advisors industry-leading technology solutions and this latest announcement reinforces our commitment to offering choice to the RIA firms who work with Raymond James through the Investment Advisors Division. We are pleased to collaborate with Black Diamond to make this performance reporting and allocation tool available for their consideration." Clients have also expressed their enthusiasm over the news of the Black Diamond-Raymond James collaboration. "We are very excited about this new relationship between Black Diamond and Raymond James, as in our opinion it brings together two of the premier service providers to the RIA industry," says Ted Rich, Principal at Vinoy Capital. "The solid cultures of these two firms and their consistent commitments to serve the RIA industry at the highest level make them a perfect fit for such collaboration." Advent's award-winning Black Diamond platform provides independent advisors with an innovative and dynamic portfolio management and reporting solution delivered through an easy-to-use, feature-rich web-based application. Raymond James' advisors that select Black Diamond are able to access Black Diamond's customizable portfolio management and reporting online from anywhere, anytime without time-consuming implementations or the need to maintain costly technology infrastructures. "We have seen a tremendous improvement in efficiencies in our business model with the implementation of Black Diamond," adds Kim DiRaffaele, Finance Manager at Kreitler Financial, a client of Raymond James. "Black Diamond has enabled us to provide more timely information to our clients with improved reporting capabilities. Most recently, we have begun using the client billing feature, which has reduced the amount of time it takes to transmit billing to our custodians." "Raymond James has a great reputation for serving its advisors, and we are honored to be able to provide them and their clients with the robust tools they need to help their businesses thrive," said Dave Welling, general manager of Black Diamond, an independent business unit of Advent Software. "This announcement is the result of our long-term, ongoing relationship with Raymond James that has been built over the years and has proven to be a successful collaboration on many levels. We look forward to doing great things together that benefit Raymond James' clients as we continue leading the industry in supporting advisors on their path to greatness by eliminating boundaries between systems, information and people." About Advent Advent Software, Inc. (www.advent.com), a global firm, has provided trusted solutions to the world's financial professionals since 1983. Advent's proven solutions can increase operational efficiency, reduce risk, and eliminate the boundaries between systems, information and people so you can focus on what you do best. With more than 4,500 client firms in over 60 countries, Advent has established itself as a leading provider of mission-critical solutions to meet the demands of investment management operations around the world. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr. About Black Diamond As an independent business group within Advent, Black Diamond's mission is to support and cultivate advisor greatness by providing the best combination of technology, service and innovation in the industry. The Black Diamond platform is purpose-built to meet the evolving needs of advisory firms and currently supports over 400 advisory firms representing over $160 billion in assets under management. For more information about the Black Diamond platform, visit: http://www.advent.com/blackdiamond. Advent, the Advent logo and Advent Software are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners. About Raymond James Investment Advisors Division The Investment Advisors Division (IAD) was established by Raymond James in 2001 to provide comprehensive custodial and support services to independent, fee-based Registered Investment Advisors, portfolio managers, financial planners, trust companies and accountants. Raymond James is uniquely positioned as a full service clearing and custodial firm and has the ability to deliver wealth management services, turn-key technology, custom lending solutions, research, marketing support, investment banking, and clearing services to both individuals and institutions. About Raymond James Financial, Inc. Raymond James Financial (NYSE: RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd., have more than 6,200 financial advisors serving more than 2.4 million accounts in more than 2,600 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $401billion. Contacts: Amanda Diamondstein-Cieplinska Advent Software, Inc. (415) 645-1668 firstname.lastname@example.org Anthea Penrose Raymond James Financial, Inc. (727) 567-2824 Anthea.Penrose@RaymondJames.com Copyright 2013, Marketwire, All rights reserved. -0-
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