Advent Software Named a “Best-in-Class” Technology Provider

Advent Software Named a “Best-in-Class” Technology Provider

Advent Portfolio Exchange® Receives High Marks from CEB TowerGroup

SAN FRANCISCO– September  4, 2013 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Advent Portfolio Exchange® (APX) – Advent’s end-to-end portfolio management solution for asset and wealth management - was awarded three of four “best-in-class” designations in the CEB TowerGroup Advisor Desktop Vendor Review in the following categories: Desktop Components, Advisory Experience, and Enterprise Support.

CEB TowerGroup research director and analysis author Darrin Courtney stated, “A recent CEB TowerGroup survey of wealth executives found that, out of ten technology investment areas, the advisor desktop was overwhelmingly the number one area of IT investment.  For 2013, CEB TowerGroup identified 24 attributes that define a “Best-in-Class” Advisor Desktop Solution in wealth management.  Those attributes were then grouped into four categories, and each category was separately ranked.  Wealth institutions that are focusing on this technology need to select a vendor that is going to best provide the attributes and features that align with the firm’s current and desired business model.”

Advent’s APX was honored in three categories this year, an achievement that reflects its versatility as a premier solution for wealth managers.  APX is the first integrated portfolio management and client relationship management product to deliver the tools needed across the entire enterprise in a single solution. The solution offers portfolio tools, reliable data, and calculations to streamline workflows and support the objectives of end users, while improving investment managers’ ability to effectively communicate portfolio performance and deliver returns for the clients they serve.

Michele McDonough, Chief Operating Officer at Trillium Asset Management, LLC notes, “Over the past few years, we have been working to standardize and consolidate all client information, firm-wide.  APX is now the central repository for all of our client data and reporting.  This has helped the firm increase our client base, as well as our assets under management, while keeping our staffing levels stable”.  Added Bill Noland, Vice President, Solutions Analyst, Trillium Asset Management, LLC, “We have unleashed the power of APX to do more sophisticated reports, more advanced searches, and more complex merges.  It has changed the game completely.”

“It is an honor to see APX recognized once again as a best-in-class across multiple categories in the CEB TowerGroup report.  APX is a key component of Advent’s solutions, which are used by asset and wealth managers globally,” said Todd Gottula, Executive Vice President and Chief Technology Officer, Advent Software.  “We’re continually increasing the pace of innovation within our products to support our clients in streamlining workflows within their office, growing AUM, and realizing ROI on their technology investment.   We truly appreciate the acknowledgement from CEB TowerGroup, and are committed to partnering with our clients to solve complex problems in order to generate forward-momentum in the investment management industry.”

Technology Assessment Disclaimer
CEB does not endorse any vendor, product or service depicted in our CEB TowerGroup publications and does not advise technology users to select only those vendors rated “best-in-class.” CEB TowerGroup research publications consist of the opinions of CEB TowerGroup’s analysts and should not be construed as statements of fact. CEB disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment. For more information on APX visit

About Advent
Advent Software, Inc. (, a global firm, has provided trusted solutions to the world’s financial professionals since 1983.  Advent’s proven solutions can increase operational efficiency, reduce risk, and eliminate the boundaries between systems, information and people so you can focus on what you do best. With more than 4,500 client firms in over 60 countries, Advent has established itself as a leading provider of mission-critical solutions to meet the demands of investment management operations around the world.  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

Advent, the Advent logo, Advent Software 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.

Media Contact:
Amanda Diamondstein-Cieplinska
Advent Software, Inc.
+1 (415) 645-1668