Family Offices Case Studies

Athena Capital Advisors
Athena was one of the earliest firms to adopt Advent Portfolio Exchange. Now, 4 years later, they have migrated to APX 3.0 to take advantage of new functionality that is immediately beneficial to their firm, including: expanded access to derived data and an advanced reporting framework. Alan Slaughter, Reporting Associate, commented, “We consider APX the best-of-breed for keeping track of information. And 3.0 really expands on that because we actually have access to APX’s calculation power more than we could before. Things we used to have to do manually we can now do quickly and easily utilizing the new accounting functions.”

GlobalView Investments SA
With Advent Portfolio Exchange® (APX), GlobalView can offer clients great flexibility in the way they view data, gain an accurate picture of clients' consolidated exposure across multiple banks, and accommodate rapid growth of assets and clients.

Piedmont Financial Trust Company
To further drive efficiency, Piedmont employs a full complement of Advent straight through processing products, including: Advent Custodial Data, Advent Corporate Actions, Rex and DTCC Interface. The combination of APX and Advent’s STP solutions has helped Piedmont master the challenges of a large single family office. It has also helped position the firm to expand its offering should it decide to in the future. Commented Edward Wright, Senior Manager and Trust Officer, “If we were to become a multi-family office, Advent products would play a larger role in the organization. The Advent platform really gives us a high level of operational efficiency. And it provides us with the leverage to handle a significantly higher number of accounts than we do currently—with the same staff or just a minimal increase.”

The Broyhill Family Office
Read about how this firm uses Advent Portfolio Exchange® through Advent OnDemand to outsource their back office and free up time to focus on more value-added activities such as account maintenance and reconciliation.

WDW Management Services LLC
View Case Study Family Office - This family office leverages Advent’s industry-leading integrated suite of Axys, GLX and Advent Partner to optimize operational efficiency and ensure quality client service. Commented Angela Lynn, Accounting Manager, “We’ve had so many benefits, really. The time savings, the reporting of the time-weighted returns, the accuracy—we have a lot of things that we’re tracking here, and Advent technology keeps us on track.” Lynn adds, “Being able to export data through GLX from Axys and Advent Partner is big for us. It saves hours. It’s wonderful.”