Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Waterfield Advisors Private Limited has selected Advent's wealth management solutions to increase operations efficiency and gain competitive advantage.
Waterfield Advisors, based in Mumbai, India, is a private investment office that is independent, impartial and completely client-focused to ensure that it offers the best combination of asset classes, managers and products to its clients. Waterfield's private investment office services cover family office services, corporate advisory services and alternative asset management services.
The company chose Advent over other vendor solutions in the market to take advantage of benefits offered by Advent's user-friendly, flexible and highly scalable technology solution. Advent's strong international presence, solid reputation in the industry and depth of expertise were also important as Waterfield evaluated solutions that would support their plans for growth.
"Given Advent's track record with private investment and family offices and the company's excellent reputation and experience in the industry, Advent was a clear choice for us to support our company's business development objectives and enable ongoing innovation," said Soumya Rajan, founding partner and managing director at Waterfield Advisors. "Waterfield's investment in Advent's portfolio management and accounting system and trade order management software will form the backbone of the client support and service strategy for the company."
"Investment management firms know they need to enhance operational efficiency to succeed in the market. Leading firms need highly reliable and flexible solutions to address mission critical needs including portfolio management and reporting, and trade order management," said Håkan Valberg, senior vice president and general manager, Advent Software EMEA. "As part of Advent's vision to provide firms with superior service and technology, we look forward to continuing to support firms like Waterfield Advisors to achieve growth while maintaining high levels of efficiency and service quality. Advent's regional expansion and increased local presence demonstrate the reliability of our offerings across borders and our commitment to clients everywhere."