SAN FRANCISCO and LONDON – July 9, 2012 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that AS LHV Pank is now live on Advent’s platform for asset management.* AS LHV Pank selected Advent to improve compliance, performance and client service levels.
AS LHV Pank offers asset management services to both private and institutional investors and is the third largest broker on the Nasdaq OMX Baltic market. The company selected Advent to improve their client reporting capabilities, reduce manual input and lower the risk of error in their processes, scale their business, and help meet upcoming regulatory requirements.
“After a thorough market evaluation, we determined that the Advent solutions were clearly the best fit to meet our needs,” said Mihkel Oja, CEO of LHV Asset Management. “Advent has a long-standing reputation in the industry as a leader and we are confident that the solutions we’ve implemented will help us meet increasing regulatory and investor requirements, while allowing us to further grow our business and deliver the highest level of service to our clients.”
Advent’s award-winning solutions are designed to help investment management firms achieve more transparency, control and efficiency in their businesses. Advent’s platform for asset management supports workflows across the entire firm, including portfolio management and accounting, portfolio construction, trading, client reporting, reconciliation and settlement. Shared data and an intuitive user experience across and through-out the platform enables individuals to outperform – on behalf of the firm and its clients.
“We are committed to providing the market with the most comprehensive platform to enable growth and profitability, and we strive to ensure that our clients are fully satisfied with our services,” said Håkan Valberg, senior vice president and general manager, Advent Software EMEA. “After a careful review, AS LHV Pank selected Advent, which is a testament to the flexibility and capability of our platform to meet the needs of the industry’s leading investment management firms, and we are honored to be a partner in their future success.”
*Advent’s platform for asset management includes Advent Portfolio Exchange® (APX) for portfolio and client relationship management and Moxy® for trading.
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 https://secure.advent.com/info/pr_apx.
Moxy® is the industry-leading order management system (OMS) deployed at over 850 firms which automates and streamlines the trading and order management process of investment executions and allows the user to send post trade allocation results to brokers electronically. Moxy® also provides Internet-ready electronic order routing based on the industry standard FIX messaging protocol, allowing users to route trades electronically to any FIX-compliant broker or crossing network that supports the internet or other TCP/IP connections. For more information on Moxy® visit https://secure.advent.com/info/pr_moxy.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count 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 operational risks and costs. 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 of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Horn Group for Advent Software, Inc.
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Advent Software EMEA
+44 20 7631 9240