Sat, Oct 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Advent updates its Asset and Wealth Management platform

Monday, November 12, 2012
Opalesque Industry Update - Advent Software, Inc., a provider of software and services for the global investment management industry, has 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® (APX), Moxy®, Advent Rules Manager®, Advent Revenue Center®, Advent® General Ledger Exchange (Advent® GLX), Tradex®, Advent Corporate Actions® (ACA), and Advent Custodial Data® (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.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to