SAN FRANCISCO – September 1, 2009 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that wealth management firm, Klingenstein, Fields & Co., L.L.C. is enjoying the benefits of Advent’s integrated suite of products.
Based in Manhattan, NY, Klingenstein has over $3 billion in assets under management and specializes in serving high-net-worth individuals and families. The firm was looking to replace its current platform, which included CheckFree APL and other systems. Klingenstein turned to Advent for its robust automated and integrated technology platform. The decision to replace the firm’s core portfolio management system drove a wholesale change in Klingenstein’s operating platform, from a patchwork of systems to an integrated Advent suite comprised of:
“Previously, we had a number of systems that were neither integrated nor compatible; we knew that we stood to gain significant efficiencies through better integration,” said Jonathan Roberts, Senior Vice President and Chief Compliance Officer, Klingenstein, Fields & Co. “The comprehensive, integrated approach of Advent’s product suite made them very desirable, and having a complete straight-through-processing loop has produced unprecedented time savings and dramatic efficiency gains across the business. It was very important for us to find a proven technology partner committed to investing in the future of its products and we have found that with Advent.”
“Advent’s product suite provides Klingenstein with an efficient and cost-effective front- to back-office solution designed to reliably handle the operational demands of their business and support their wealth management strategy,” said Anthony Sperling, Senior Vice President and General Manager of Advent’s Investment Management Group. “We are delighted to be working with Klingenstein to provide them with a platform that facilitates their continued success.”
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in 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 our product page.
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