LONDON – September 6, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that its Wealth Management Solution is now available to investment managers in the United Kingdom via Advent OnDemand®. Advent OnDemand® is Advent’s Software-as-a-Service (SaaS) delivery model and offers clients increased flexibility, scalability and the benefits of industry leading portfolio accounting and management solutions, with reduced IT responsibility and lower total cost of ownership. For investment managers in the UK, Advent OnDemand® includes integrations with Proquote and Calastone, as well as interfaces with local custodians.
Cloud solutions are becoming increasingly attractive to investment management firms who want to achieve lean operations and desire a flexible technology platform that can support growth. When compared to internally installed solution platforms, SaaS offers clients a host of benefits including opportunity to take advantage of new innovations more rapidly, cost benefits and increased scalability.
“As a result of the financial crisis, wealth managers have a fundamental mission to re-engender client trust and confidence in their planning and advisory services. The majority of their focus must now be spent in direct contact or engagement with clients, rather than on maintenance of infrastructure and technology solutions,” said Bob McDowall, Senior Analyst, Aite Group. “SaaS solutions are an attractive option for wealth managers who understand the importance of maintaining reliable and accurate technology infrastructure and delivering exceptional service to clients.”
With Advent OnDemand®, investment managers retain complete control over operations and data, while Advent manages the hardware and software administration of its industry leading wealth management solution. Advent OnDemand® delivers the security of an in-house platform, helps minimize risk and performs all updates and patches automatically. Built-in disaster recovery and full access to Advent’s client service and locally-based technical support team offer clients additional peace of mind that their critical business functions are being looked after by qualified experts. With Advent OnDemand®, investment management firms can apply available resources toward growing their businesses, and can count on Advent to deliver the platform and services to support their objectives.
“We are in business to develop solutions that support our clients’ growth and success. Our wealth management solutions help investment managers automate their workflows and find efficiencies in business processes so that they can remain focused on delivering top-notch service and returns for their clients,” said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. “For investment managers in the UK, Advent OnDemand® offers the control, security and flexibility of Advent’s award winning wealth management solutions and helps firms free up time and resources previously dedicated to infrastructure maintenance.”
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries rely on Advent technology to run their mission-critical operations. 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 Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange and Moxy are registered trademarks, and Advent OnDemand is an United States registered mark of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software EMEA
+44 20 7631 9240
Advent Software, Inc.
+ 1 415 645-1668