Sun, Aug 20, 2017
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: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq