SAN FRANCISCO , January 30, 2002 - Advent Software, Inc. (Nasdaq: ADVS) and Finaplex, Inc. today announced that they have signed a co-marketing agreement that will enable Finaplex to offer its Wealth Management Platform to Advent clients. Finaplex develops enterprise software solutions for the wealth management industry, which enable collaboration between wealth managers and their clients through consolidated data, value-added analytics and integrated transactions. Advent Software provides software, data and services designed to allow financial services professionals to deliver holistic wealth management solutions to investors.
“We are committed to offering our clients a variety of superior solutions for their wealth management business, and marketing the Finaplex Wealth Management Platform is an important component of our strategy,” said Brian Bailard, Vice President of Wealth Management Solutions at Advent. “Finaplex has a leading solution available in the market, which provides an unparalleled breadth and depth of functionality. The value of the solution is further enhanced by Advent's direct data connections with nearly 200 institutions and manual data entry capabilities, resulting in a best-of-breed solution for joint clients.”
Mike Cagney, President and CEO at Finaplex, added, “Advent continues to demonstrate its leadership position in the wealth management market, and its Advent TrustedNetwork® service, with its breadth of custodian participation, was a critical part of our interest in Advent. The company's decision to partner with us and broaden their offering with the Finaplex Wealth Management Platform solidifies our position as the industry leader in wealth management software. We look forward to a deep and productive relationship with Advent, as together we enable financial institutions to drive new revenue, secure competitive advantage and capture operating efficiencies.”
Advent Software, Inc. has been providing trusted solutions to the world's leading professional money managers since 1983. Firms in 45 countries use Advent technology to manage investments totaling more than US $8 trillion. Advent's quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent's common stock is traded on the Nasdaq National Market under the symbol ADVS.
Finaplex, Inc. is the leading provider of enterprise software solutions for the wealth management industry. The company's Wealth Management Platform addresses the needs of wealth managers, emphasizing collaboration between the wealth manager and the client that facilitates a stronger and more profitable relationship. Founded in 2000, Finaplex is funded by Menlo Ventures and Mobius Venture Capital.
Advent Software, Inc.
301 Brannan Street
San Francisco CA 94107