Princeton Financial Systems signs Commonwealth Advisors
Princeton Financial Systems, a leading provider of portfolio management and accounting solutions for global institutional investors, announced today that Commonwealth Advisors, Inc., in Baton Rouge, LA is a new client.
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Commonwealth Advisors will leverage ePAM to manage their $600 million portfolio, including fixed income and hedge fund strategies. ePAM will integrate into the Trade Order Management System and provide web-based enterprisewide reporting.
"Given our complex requirements, particularly in ABS/MBS investments, our thorough evaluation of the vendor landscape identified only a few potential systems that were able to meet our needs. ePAM was the clear functional leader, and we were very impressed by Princeton's record of successful implementations and client support model," said Jerry Warrington, Chief Operating Officer for Commonwealth Advisors. "ePAM's open and modern technology platform was key for interoperability with our other systems."
"ePAM's depth of investment coverage and technology architecture provide Commonwealth Advisors with not only the key functionality they require , but a world class ASP delivery model " said Lorne Whitmore, Vice President of Global Sales for Princeton Financial. "We are very pleased that Commonwealth has decided to join the many other asset management firms who have embraced the advantages of Princeton Financial Systems' best of breed hosted solutions."