Advent Portfolio Exchange® (APX) Now Available on Advent® Back Office Service (ABOS)

Advent Portfolio Exchange® (APX) Now Available on Advent® Back Office Service (ABOS)

Ten Clients Already Live on APX through ABOS, Advent’s Outsourced Environment

SAN FRANCISCO – Oct. 24, 2007 – Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and solutions for the global investment management industry, today announced that Advent Portfolio Exchange® (APX), the next-generation platform for portfolio management, reporting and client relationship management, is now available on Advent® Back Office Service (ABOS), Advent’s outsourced solution for software hosting and data management.
APX already allows investment managers to profitably grow assets, control costs and confidently satisfy client and regulatory requirements.  APX integrates the front office functions of client relationship management (CRM) and performance analytics with the back office operations of portfolio accounting and reporting. With 146 signed clients in 13 countries around the world, APX is one of the asset management industry’s leading platforms for portfolio management and reporting.
By making APX available on ABOS, Advent customers can now enjoy the benefits of this comprehensive portfolio management solution while outsourcing the hosting of the software and the custodian reconciliation process.  ABOS allows customers to benefit from Advent’s industry-leading solutions without having to manage IT infrastructure.
The ABOS offering includes:
  • High-quality data to support investment decisions, performance measurement and presentation
  • Full-service back office functionality
  • Web-browser access to APX, which greatly reduces the need for costly hardware and IT personnel
  • A scalable, reliable portfolio management platform designed to evolve with the business

Advent has ten customers already leveraging APX via ABOS to profitably and efficiently manage their businesses while delivering exceptional service to their clients.  In addition to offering the service directly to clients and prospects, Advent has several significant channel relationships in place to bring APX via ABOS to a wider audience.  These channel partners include Fidelity Institutional Wealth Services as well as Pershing Advisor Solutions LLC and Pershing LLC, both of which are subsidiaries of The Bank of New York Mellon Corporation.

“We are thrilled to work with Advent to integrate APX via ABOS into Fidelity’s new WealthCentral platform.  We are investing heavily in outsourced, Web-based applications and view ABOS powered by APX as a critical component of the technical platform for our business and our clients,” says Edward O’Brien, Senior Vice President, Fidelity Institutional Wealth Services.  “Unlike any other solution in the industry, by integrating market-leading capabilities such as APX into a single Web-based platform, Fidelity WealthCentral will transform the ways advisors conduct business, helping them to thrive and grow more profitably.”
“We’re excited to work with Fidelity to achieve a new level of integration through their WealthCentral platform,” said Mike Lobosco, Senior Product Manager at Advent Software. “Offering APX through ABOS to Fidelity clients presents a powerful opportunity to further increase efficiency across their various business applications without the need to manage a separate technology infrastructure.”
“We are committed to providing independent registered investment advisors (RIA) with market-leading business and technology solutions to help them grow their businesses,” said Mark Tibergien, Managing Director, Pershing.  “The suite of capabilities offered through APX in ABOS’ outsourced environment will provide our customers with an efficient and effective way of reducing the burdens associated with managing technology and data, enabling them to focus on successfully building their businesses.”
“As Pershing continues to expand its RIA business, we are excited to be a part of its overall strategy,” continued Advent’s Lobosco.  “We are working closely with Pershing to support some of its most strategic customers, and we look forward to jointly serving the market with the next-generation functionality of APX in the ABOS outsourced environment.”
About Advent
Advent Software, Inc. (, a multi-national firm, has provided 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 Service Capability and Performance certification for being a world-class support organization. 
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.
Forward-looking Statements
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 continued sales, successful delivery and market acceptance of ABOS, the impact of initiatives by competitors and other risks detailed in Advent’s most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2006 annual report on Form 10-K/A, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent’s Investor Relations Web site at

Katherine Calvert
Advent Software
(415) 645-1853