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Largest fee-only US advisers using Advent’s wealth management platform


Advent Software says 36 of the 50 largest fee-only US registered investment advisers are Advent clients, including eight of the top ten, according to the latest RIA Database Top 50 Report.

Advent provides a wealth management suite of products designed specifically for the workflow and business requirements of RIA firms.

The suite offers customisable and scalable solutions for firms of all sizes and strategies, including performance reporting, client relationship management, rebalancing, asset allocation and compliance.

In addition, Advent has the largest network of custodians providing complete straight-through-processing and reconciliation.

Advent also offers RIAs a wide range of delivery options for its solutions including its locally installed model, and a Software-as-a-Service model through Advent OnDemand, with hosted options ranging from hardware and application hosting to full business process outsourcing.

Anthony Sperling, senior vice president and general manager of Advent’s investment management group, says: "Thousands of RIA firms have successfully grown their businesses with the help of Advent’s wealth management platform. Our full suite of innovative and reliable solutions and the flexibility of deployment options we offer make Advent one of the only established firms that can provide RIAs the range of services they need as they grow their business. Factor in our industry-leading level of service and support and our 27 years in the business, and Advent’s value proposition is compelling to the entire RIA community, from the smallest to largest firms."

The latest RIA Database Top 50 Report ranks firms by discretionary assets under management as defined by the SEC as of 30 September 2010. Firms included in the ranking have to meet certain criteria. More than half their business must serve the retail marketplace and they must provide wealth management services. They must provide financial planning, portfolio management, or due diligence on third-party advisers. They must not be broker-dealers, charge commissions, employ registered representatives, or have a majority of their business in proprietary products.

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