Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that United Financial House has selected Advent Portfolio Exchange (APX), Advent's portfolio and client relationship management solution, Moxy trade order management system and Advent Tradex fund order management solution.
The implementation for United Financial House was led by SISCOM, Advent's premier consulting representative in the Kingdom of Saudi Arabia. APX and Moxy® will provide a robust, integrated platform for portfolio management, reporting and trade order management. Advent TradexTM has been deployed to help automate the order flow of mutual and real estate funds, from initiation to back office.
Riyadh-based United Financial House is a recently-launched financial services organization, providing asset management services to private investors and institutional clients. As a new entrant to the market, United Financial House wanted an efficient and flexible technology solution that would meet its operational requirements and offer scalability to support future growth. After a detailed survey of the marketplace, United Financial House found the Advent solution suite, recommended by SISCOM, was the best platform to meet their needs.
"With Advent Software, we have a technology infrastructure with the comprehensive coverage to meet our business requirements," said Khalid Ali Aljehani, Head of Asset Management at United Financial House. "The platform is operationally efficient, enables us to provide our clients with exceptional performance and service, and has the flexibility to handle regulatory reporting requirements. SISCOM was able to implement the solution quickly to meet our tight schedule, and will provide us with ongoing local support."
"Having a proven and effective technology platform is critical for growth and success, whether a firm is new to the market or is long-established. United Financial House is an exciting new entrant to the Middle Eastern investment management arena, and we are thrilled the firm has chosen Advent to support its business," said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "Through the premier consulting agreement in the Kingdom of Saudi Arabia between Advent and SISCOM, we have been able to equip United Financial House with an end-to-end solution that will support the launch and continued development of its range of mutual and real estate funds."