Geneva 7.0 is Advent's most recent version of its sophisticated global portfolio management and fund accounting solution.

Through Geneva 7.0, Fidelity Prime Services is able to provide its institutional clients with access to real-time portfolio data and enhanced reporting capabilities. In addition, the platform allows clients to easily integrate with other applications, both internal and external, and facilitate sharing of data among prime brokers, clients, and other service providers. Fidelity Prime Services is the first prime broker to be fully operational on Geneva 7.0.

"Fidelity Prime Services has experienced significant growth since its inception five years ago," said Jim Coughlin, Senior Vice President, Fidelity Prime Services. "At the same time, our prime brokerage clients have increasingly requested customized, real-time portfolio accounting and reporting capabilities. By incorporating a scalable technology platform, such as Geneva, into our existing suite of securities lending, cash management and execution solutions, we are able to provide clients with the comprehensive, actionable information needed to help them efficiently manage their sophisticated trading strategies."

"We are thrilled to announce that Fidelity Prime Services has selected Geneva," said Chris Momsen, Senior Vice President and Co-Head of Global Accounts for Advent. "We are committed to providing our customers with best-of-breed solutions to meet their growing business needs, and we look forward to working closely with Fidelity to provide them with a platform that will help them build, develop and deliver new products to their clients. Our success is rooted in the success of our customers, and we're proud to add Fidelity to our growing roster of industry-leading clients."

Geneva assists asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. It offers comprehensive instrument coverage, full financial general ledger and industry-standard integration tools which enable firms to manage complex investment vehicles and multiple investment strategies.

"Reliable and customized portfolio reporting capabilities are critical to the services we provide to our prime brokerage clients, decreasing the amount of time they must spend formatting and translating portfolio details used to manage investments," said Steve Richard, Senior Vice President, Fidelity Prime Services. "Not only does Geneva® allow us to electronically deliver high quality data, but we also can deliver it more quickly -- reconciling trade details for clients on trade date."