Thu, Oct 8, 2015
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


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. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko