Wealth Management Partners licenses Advent trading and portfolio technology

Source: Advent Software

Advent Software, (NASDAQ: ADVS), the leading provider of software and solutions for the global investment management industry, today announced that Wealth Management Partners NV has licensed Advent's Moxy for trade order management and Advent Portfolio Exchange (APX), Advent's next-generation platform for portfolio management, reporting and client relationship management.

Wealth Management Partners, based in Amsterdam and one of the most successful recent additions to the asset management market, manages funds in excess of $500 million (USD) for high net worth individuals across the region.

Wealth Management Partners' growth has been dramatic since its inception in 2004, and to manage the rapid expansion of its business while establishing a solid platform for the future, the firm needed to automate its mission-critical business processes, including trade order management and portfolio accounting and reporting. The firm was also looking for a solution that could be deployed rapidly, allowing the business to continue its growth plans. After considering local and global providers of solutions, Wealth Management Partners chose Advent's comprehensive suite, which offered a proven, integrated approach to solving the firm's needs.

"With our continued growth, we wanted to find a solution that supported our operational needs while also allowing us to provide superior service to our clients," said Rico Bosma, partner, Wealth Management Partners. "The scalability and front- to back-office functionality offered by APX will allow us to focus on growing our business instead of spending time on back office tasks, while the integration between APX and Moxy allows us to streamline our trade order processing. We were also impressed with the speed of the implementation and minimal business disruption during the project. Advent's reputation as a client-focused, proven partner to the investment management industry is well-deserved."

APX is designed for total compatibility with Moxy, providing seamless integration between trading and portfolio management. Moxy electronically posts allocated trades into APX on demand, eliminating time-consuming and error-prone manual entry.

"We are delighted to add Wealth Management Partners to our growing list of clients in EMEA," said Hakan Valberg, general manager, Advent Software EMEA. "They join an increasing number of firms around the world that recognize the benefits of working with a proven business partner to deliver innovative, mission-critical solutions to solve key business problems."

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