Wealth Managers and Private Client Service Providers
Bank Oyens & Van Eeghen
When Bank Oyens & Van Eeghen started in 2002 it wanted to partner with a flexible software provider with a proven suite of functionally rich platforms that could meet the expectations of its sophisticated clientele. The firm turned to Advent Software and its best-in-class Moxy trade order management and Axys portfolio management, reporting, and accounting systems. And having subsequently enjoyed a period of rapid growth—including a doubling of assets under management last year, thanks in part to a number of big client wins— the firm wanted to enhance its systems environment to support its ongoing expansion plans. As a result, it upgraded from Axys to Advent Portfolio Exchange. The scalability that APX and Moxy offer will be integral to helping Bank Oyens & Van Eeghen achieve its continued expansion.
Bluffview Wealth Management
The lack of multicurrency functionality in Schwab's Portfolio Center led Bluffview to look for a solution that could keep pace with their growth in the US and Latin America. Advent's APX and Revenue Center fit the bill perfectly.
Cetera Financial Group
ING, Cetera’s former parent company, migrated from Axys to APX in order to take advantage of advanced security features and have a more robust offering for advisors. Leda Csanka, Vice President and Chief Information Officer, said, “We had to be completely separated from ING by year end. That meant converting some 74,000 portfolios representing $17.5 billion in assets, and preserving all the customization that had been built into the system. Despite a tremendous amount of pressure, the teamwork demonstrated between Advent and our technology teams enabled us to rebuild in three months what, at our former parent company, took 18 months.”
First Wealth Management
Learn how this firm provides tailored financial advisory services to an array of private and institutional investors using Advent's fund distribution solution, Tradex. The automation of the fund order process has resulted in increased operational efficiencies and enhanced client service, and in addition the flexible reporting capabilities help improve business performance.
Klingenstein, Fields & Co., L.L.C.
Klingenstein was looking to replace its current platform, which included CheckFree APL and other systems. The firm turned to Advent for its robust automated and integrated technology platform. The decision to replace the firm’s core portfolio management system drove a wholesale change in Klingenstein’s operating platform, from a patchwork of systems to an integrated Advent suite comprised of: Advent Portfolio Exchange, Moxy, Advent Custodial Data, Rex and Advent Revenue Center. Commented Jonathan Roberts, Senior Vice President and Chief Compliance Officer, “The comprehensive, integrated approach of Advent’s product suite made them very desirable, and having a complete straight-through-processing loop has produced unprecedented time savings and dramatic efficiency gains across the business.”
Mittleman Investment Management
Mittleman Investment Management embarked upon an initiative to institutionalize its business operations in order to attract new clients. This meant the firm needed a robust portfolio management system to meet its needs today and support their future growth. After comparing offerings from Advent and other service providers, Mittleman Investment Management selected Advent OnDemand. “Advent’s proven reputation, solution capabilities and data integrity were the key reasons that we chose them as our technology partner,” said Evan Newman, Director of Marketing and Business Development at Mittleman. “One of our goals was a fast implementation and the ability to be up and running within one month. Advent gave us the confidence that it could be done, and they delivered. No other service provider offered us the same peace of mind and reliability that Advent offered.”
Pendo LLC
As a start-up three years ago, Pendo needed a technology platform that was efficient, fully integrated and would allow the firm to grow with minimal incremental investment in technology or headcount. Pendo turned to Advent Portfolio Exchange® and Moxy ® to achieve those goals. Tina Larsson, Chief Executive Officer, commented, “We started with just three people and have been able to retain the size of our operations because the technology is that good. We believe that we could grow from a $50 million to a billion-dollar firm with the same environment that we have now. Advent is a necessity, no question.”
Sandnes Sparebank
Powered by Advent Portfolio Exchange and Tradex, Advent's fully integrated solution for portfolio management and fund order management, this wealth manager has enhanced front-to-back workflow efficiencies and improved client services significantly, through automation, greater control and assurance, and flexible reporting.
Wasmer, Schroeder & Company
A long-time user of Advent’s Axys portfolio accounting system, the firm found the answer to its needs in Advent Portfolio Exchange (APX), which integrates portfolio management and reporting with CRM on a single SQL database platform. Bob Stiess, IT Coordinator, commented, “The two biggest motivators for moving to APX were the CRM and packaging functionality for reporting. When we saw them all together in one product, it fit our needs.” At WSC, APX anchors an integrated suite of Advent solutions that includes Moxy, Advent Custodial Data, and Rex. “It’s great to have all those pieces working together and being able to reconcile,” added Mr. Stiess. “The integration isn’t something we really think about everyday because it’s always there. But if it wasn’t there we would definitely miss it.”
Wealth Management Partners NV
Wealth management and advisory firm servicing high net worth and ultra high net worth individuals.