Advent Adds a Record 26 New Advent Portfolio Exchange® Clients in the Fourth Quarter 2006
84 Clients Total Have Chosen Advent’s Innovative Platform to Integrate Front- and Back-Office Operations
SAN FRANCISCO – February 1, 2007 – Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, today announced that 26 clients purchased Advent Portfolio Exchange® during the company’s fourth quarter, which ended December 31, 2006. Advent Portfolio Exchange® delivers a comprehensive and scalable solution that provides asset managers and financial advisors with a single platform for integrated portfolio and relationship management.
“We are always looking to increase our efficiency and better serve our clients, so we were drawn to the integrated CRM and statement automation tools offered in Advent Portfolio Exchange®. Add to that the increased user security,
relational database, and Advent’s knowledgeable services staff, and choosing Advent Portfolio Exchange® was an easy decision for us,” said Edward Wright, II, Senior Manager, Trust Officer, Piedmont Investment Advisors, LLC.
Advent signed the 26 agreements for Advent Portfolio Exchange® with a range of investment management firms, including:
- Diamond Hill Investments, an Ohio-based firm with $3.7 billion of assets under management in multiple
strategies, through its mutual funds, institutional and high net worth separate accounts and private investment funds;
- Global Resource Investments, Ltd., a retail broker-dealer, specializing in natural resource investment
opportunities around the world;
- Munder Capital Management, a Birmingham, Michigan-based investment firm with $28.3 billion under
- Piedmont Investment Advisors, LLC, a professional money management firm specializing in managing employee
pension and endowment funds, corporate, public and Taft Hartley funds; and,
- Rawlinson & Hunter, an international firm of chartered accountants and private client tax advisors based
“We are thrilled with the continued strength of the client response to Advent Portfolio Exchange®,” said Stephanie
DiMarco, President and CEO of Advent Software. "The strong market acceptance we saw in 2006 for this innovative,
next-generation platform proves that Advent’s commitment to deliver market-leading solutions is answering a clear
need: helping our clients execute more effectively and efficiently so they are free to focus on and grow their core
About Advent Portfolio Exchange®
Advent Portfolio Exchange® is Advent’s next generation in portfolio management technology that fully integrates the
front-office functions of client relationship management (CRM) with the back-office operations of portfolio accounting
and reporting. This enterprise solution leverages a single SQL database to provide critical client information via an
easy-to-use, browser-based user interface, delivering improved client service with enhanced security for today’s
amplified compliance environment.
Advent Software, Inc. (www.advent.com
), a multi-national firm, has been providing trusted solutions to the world’s
leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments
totaling nearly US $14 trillion. 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 Support Center Practices certification for
being a world-class support organization.
Any forward looking statements included in this press release involve risks and uncertainties that could cause actual
results to differ materially from our expectations. These risks and uncertainties include market acceptance of new
products, the impact of initiatives by competitors, and other risks detailed in Advent’s filings with the Securities
and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form
10-Q, as amended, copies of which may be obtained by contacting Advent Software at 415-645-1787, or by visiting
Advent’s Investor Relations website at www.advent.com
Advent 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.