Founded in 1983 by Stephanie DiMarco, Advent Software was built out of a need to automate the then highly manual portfolio accounting function in the investment management business. Advent continually canvassed the industry to understand business challenges and provide software and services that helped firms improve workflow, handle increased volume, and reduce operating costs.
Advent’s first portfolio accounting product, Axys®, was the first such solution created specifically for the PC, and later was the first portfolio accounting and reporting solution built on the Microsoft Windows platform. Over the years Advent has introduced a variety of products to help streamline the investment management business, including Moxy®, the industry’s first integrated trade order management system. Advent also introduced products for client relationship management and partnership accounting. Advent has gained a significant market share by providing trusted, quality solutions to investment management firms, wealth managers, broker-dealers, registered investment advisors, and family offices.
In 1995 Advent introduced Geneva®, its first solution for the global investment accounting industry, providing a comprehensive solution that meets the complex needs of investment managers worldwide. Geneva helps firms account for high volume, traditional, derivative, domestic, and global investment strategies. With Geneva, Advent has attracted the industry’s leading global asset managers, prime brokers, hedge funds, and fund administrators.
In 1998 Advent Software was established in Europe, serving new markets in Europe, the Middle East, and Asia and putting Advent on the map as a global solution provider. Today Advent has local presence on four continents, supporting clients all over the world.
In 2005 we introduced our next-generation portfolio management solution, Advent Portfolio Exchange – better known to our clients as APX. APX was the first solution to integrate portfolio accounting, reporting, performance analytics, and client relationship management, effectively linking portfolio managers, operations, and client service staff on a single database platform.
Advent is proud of its longstanding leadership in the investment management industry and continually strives to bring quality software and services to the market.