San Francisco, CA, October 1, 2001 - Advent Software, Inc. (Nasdaq: ADVS) the leading provider of Enterprise Investment Management solutions, and EAInvest, Inc., whose subsidiary EAInvest Securities Inc. is a service-oriented broker/dealer dedicated exclusively to independent financial advisors, announce that they have entered into a strategic partnership. Through this partnership, EAInvest will resell Advent's Axys¸ portfolio accounting software to independent financial advisors (IFAs) that manage up to $50 million in assets. Advent will promote EAInvest Securities to its clients as a preferred broker/dealer for IFAs.
"We have always been committed to this very important segment of the marketplace, and our new relationship with EAInvest will allow us to continue to provide IFAs with a comprehensive set of software solutions," said David Dawson, Vice President of Marketing at Advent Software. "This partnership lets us reach out further to growing advisors who seek complete solutions."
"This partnership with Advent allows us to give more advisors access to the superior software that the bigger firms are using - it is a way to level the playing field," said Nadine Lucas, President and CEO of EAInvest Securities, Inc. "We have an innovative pricing structure that is based on assets under management. It is one more reason why advisors should use a broker/dealer that is dedicated to the IFA, both in terms of service and in helping them build their bottom line."
Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company's common stock is traded on the NASDAQ National Market under the symbol ADVS.
EAInvest Securities, Inc. is a service-oriented broker/dealer dedicated exclusively to independent financial advisors, offering custody services, a broad range of investment products, managed accounts expertise, and powerful planning and practice tools.
Advent Software, Inc.
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