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Advent launches major release of asset and wealth management platform


Advent Software has announced a major release of its cloud-enabled, end-to-end platform for asset and wealth management enterprises, which brings together 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) to support key workflows and data across the entire investment process.

With this release, Advent has delivered powerful new functionality for the front-, middle- and back-office of asset and wealth management firms, while extending the value of the platform by making integration to third-party applications even easier.

"It continues to be a challenging environment in the asset and wealth management industry. On one hand, firms must adapt to global regulation and market structure changes, while at the same time, opportunities for growth exist for firms that have the capital and drive needed to innovate and grow — organically or by acquisition," says Alois Pirker, Research Director for Aite Group. "In either case, firms need to reevaluate their technology investment strategies with an eye to becoming more flexible, adaptable, and extensible, and a platform strategy like the one Advent has announced today provides a foundation of agility that industry leaders will require to grow and thrive in this new era."

"This release of Advent’s platform for asset management is specifically designed to meet the most critical needs of business owners and decision-makers across the firm. With powerful dashboards, and flexible, dynamic reporting capabilities, we help our clients achieve their firms’ growth strategies while providing greater transparency into portfolios, clients, and the firm’s business," says Anthony Sperling (pictured), Senior Vice President and General Manager of Advent’s Asset Management Group.

Among the numerous enhancements are: a new user interface across the products; streamlined workflows to manage portfolios and groups; powerful, easy-to-use tools to model and rebalance portfolios and trade securities; and game-changing improvements to pre- and post-trade compliance. In addition to dashboards that provide management insight across the firm, Advent is introducing new business intelligence capabilities to make it easier and faster for firms to identify and understand the sources of opportunity and growth within their businesses.

"Just as our performance measurement and attribution solutions help our clients uncover and explain the sources and drivers of their portfolio returns, our new business intelligence capabilities help asset and wealth managers identify opportunities for improving and growing their overall business, ultimately enhancing relationships with their best clients," says Robert O’Boyle, Vice President of Solutions Marketing and Business Development at Advent Software.

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