Science & Technology
Science and Technology
Science and Technology
Wed, August 5, 2009
Tue, August 4, 2009 Advent Software, Inc.: More Than 400 Firms Leverage Advent(R) Outsourcing Services to Reduce Costs, Manage Risk and Improve Cli
SAN FRANCISCO, CA--(Marketwire - August 4, 2009) - Advent Software, Inc. (
Advent® Outsourcing Services includes:
-- Managed hosting services, which deliver Advent's full suite of industry-leading solutions through a SaaS model. Advent's managed hosting services reduce the total cost of ownership associated with Advent's products and offer flexible service levels while allowing clients to have full control of operational processes and data. -- Advent® Back Office Service (ABOS) combines web-based access to the award-winning portfolio accounting capabilities of Advent Portfolio Exchange® (APX) with fully outsourced back office operations. ABOS offers flexible data management, best practices reconciliation, high quality reference data management, client reporting and performance measurement services. In addition, ABOS now provides enhanced choice and flexibility for data aggregation and wealth reporting.
Advent® Outsourcing Services serves a growing number of market segments within the investment management industry. From its initial focus on the needs of independent and registered independent advisors (RIAs), Advent® Outsourcing Services clients now include: independent advisors, RIAs, broker/dealers, wealth managers, private client services, family offices and hybrid asset managers.
To sustain its commitment to delivering superior client service, Girard Securities, a family-owned, full-service broker/dealer, turned to Advent® Outsourcing Services when it needed more flexibility than its previous back-office system could offer.
"We needed a powerful technology platform to meet advisors' demands while maintaining profitability," said Kevin Foote, Senior Director Advisory Services Marketing at Girard Securities. "Advent® Outsourcing Services combines the functionality of the industry's leading portfolio management system with the flexibility, convenience and cost-effectiveness of an outsourced solution; Advent takes care of all system maintenance and upgrades, reducing the need for hardware and on-site IT support and freeing us to focus on core capabilities."
"We are very pleased to serve as a complete outsourcing business partner to more than 400 firms, helping them reduce fixed costs, manage operational risks and improve client service," said Michael Lobosco, Director of Advent® Outsourcing Services. "Advent's comprehensive outsourcing capabilities can be tailored to meet the needs of firms of all sizes and strategies, helping clients increase their business focus and gain a competitive advantage. With over 25 years of experience and 4,500-plus clients, Advent has deep best practices knowledge and the industry's broadest range of flexible solutions, making us the outsourced provider of choice."
About Advent® Outsourcing Services
Advent is a complete outsourcing business partner for investment management firms. From secure managed hosting services, to comprehensive and customizable data management, operations and client reporting solutions, Advent® Outsourcing Services helps more than 400 firms each day control costs, reduce operational risk and enable superior client service. For more information on Advent® Outsourcing Services visit [ http://www.advent.com/outsource ].
About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in 60 countries rely on Advent technology to run their mission-critical operations. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit [ http://www.advent.com/about/resources/demos/pr ].
Advent, the Advent logo Advent Software and Advent Portfolio Exchange are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
