Advent Software launches new portfolio management system

Source: Advent Software

Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software to the investment management industry, today announced the launch of Advent Portfolio Exchange, Advent's next-generation portfolio management system that combines portfolio accounting and reporting and client relationship management into a single platform.

Leveraging Advent's 22 years of proven innovation, Advent Portfolio Exchange provides an industry-standard relational database and sophisticated security and audit features, combining both front and back office operations in a single, customizable solution.

Advent Portfolio Exchange is a comprehensive offering designed to manage the full range of investment operations from the early stages of client prospecting to client reporting. The new product leverages Microsoft technology, including an SQL database, .NET technology and a web-based user interface. It also features:

  • Robust portfolio management and reporting;
  • Integrated client management;
  • Single relational database with advanced user security, transaction management, and audit features;
  • Enhanced fixed income functionality; and,
  • Customizable online reporting for client and portfolio information.


Advent Portfolio Exchange has gone through a rigorous process of client validation throughout its development process. Over the past year, Advent teamed with more than a dozen client firms who provided invaluable feedback and ran the system in their business environments. Among the firms who participated in the program are Bill Few Associates, Inc., Sterling Capital Management, Midwest Trust, and Stanford Management Company.

"Advent Portfolio Exchange will allow our firm to disseminate confidential information to our consultants across many business units with a high level of security," said Rodney Engh, CFP, vice president of Bill Few Associates, Inc. "This solution offers so much more than any other product our firm evaluated, by successfully combining client data management, portfolio management, and portfolio reporting in one convenient and easy-to-use package. For the first time, we are able to view the "whole picture" of a client just by opening one program. I would recommend Advent Portfolio Exchange to any firm that wants to be on the cutting edge of technology when it comes to the management of their most valuable asset – their client base," he said.

"We're working with very sensitive data – the most important information you could have about your clients. Advent Portfolio Exchange allows us to have the right level of control over who has access to which information, and leaves us confident that the system is secure," said Cathy Sawyer, director of Sterling Capital Management. "The functionality of Advent Portfolio Exchange fits into our whole vision as a firm to provide our client support team with customized views of each client and portfolio, so that they can provide superior client service."

"Investment management firms are facing increasing pressure to meet strict regulatory requirements across all parts of their business. At the same time, they’re demanding standardized, intuitive technology that all their employees can easily use. With Advent Portfolio Exchange we are marrying feature-rich technology with a browser user interface that will give firms support for enterprise security and audit requirements in a highly customizable, user-friendly application," said William Penney, Advent's director of product marketing.

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