Press Release

Advent’s Black Diamond® Named “Best Client Reporting Solution” at the FTF News Technology Innovation Awards 2015

SAN FRANCISCO – May 7, 2015 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that the Black Diamond® wealth management platform was awarded “Best Client Reporting Solution” in the fifth annual FTF News Technology Innovation Awards. Presented by Financial Technologies Forum and FTF News, the awards recognize professionals, financial technology vendors, service providers, industry bodies, and regulators that made significant strides and noteworthy achievements in operational excellence in 2014.

Industry participants including peers, clients, and other business professionals chose Black Diamond® as the “Best Client Reporting Solution” from a group of panel-selected finalists. Awarded to the solution provider that made the greatest strides at advancing the complex process and design of client reporting, this honor also recognizes progress in automating reports, managing source data, and monitoring the status of productions.

The Black Diamond® platform has evolved from a pioneering cloud-based portfolio management and reporting technology solution to a full-featured wealth management platform. The cloud-based platform offers aggregation, customizable reporting, and rebalancing, combined with fully outsourced daily reconciliation and data management. In February Advent announced the Black Diamond® Integration Network to deliver a broad set of integrations with workflows across multiple advisor technology companies, deepening the breadth of the platform. Recognized across the industry for its robust reporting capabilities, Black Diamond® frees over 600 clients to focus on serving investors and growing their business.

“We had more than 250 nominations overall and nearly 10,000 votes, making this year’s awards season the most competitive FTF has ever seen,” said Maureen Lowe, Founder and President of FTF. “The winners should all be congratulated for their hard work and achievements in 2014 as there are so many great companies with excellent products facing tough competition in the Ops space. So, to be recognized as being the best by the industry itself is something to be truly proud of.”

“We are thrilled that Black Diamond® has been recognized with an FTF News Technology Innovation Award,” said Dave Welling, Senior Vice President and General Manager of Black Diamond. “Our focus has always been on providing our clients a great experience and collaborating with them to continuously innovate on what they need to thrive as advisors and wealth managers. We are incredibly proud to be recognized for creating one of the best, purpose-built client reporting solutions in the industry that continues to see rapid adoption among leading investment advisors and wealth managers.”

To see what’s coming next for the Black Diamond® platform join us at our annual conference, AdventConnect 2015. The conference this year will take place the Wynn Las Vegas, June 15-17, 2015. http://www.adventconnect.com/

Advent adds this award to a long list of accolades it has earned over the last 12 months, including: Best Front Office Solution, Family Wealth Report Awards 2015; Best Trading Product, HFMWeek US Technology Awards 2015; Best Portfolio & Accounting Solution 2015, The Hedge Fund Journal ; Best Buy-Side Portfolio Accounting Platform and Best Buy-Side CRM Platform, Buy-Side Technology Awards 2014; Best Fund Accounting and Reporting Software, HFM US Hedge Fund Services Awards; Best Technology Provider, Investment Week Fund Services Awards 2014; Best Client Reporting System, Systems in the City.

About Advent
Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has never wavered. With unparalleled precision and ahead-of-the-curve solutions, we've helped over 4,300 firms in nearly 50 countries — from established global institutions to small start-up practices – to grow their business and thrive. Advent technology helps firms minimize risk, work together seamlessly, and discover new opportunities in a constantly evolving world. Together with our clients, we are shaping the future of investment management. For more information on Advent products visit http://www.advent.com.

About Black Diamond
An independent business group of Advent Software, Black Diamond provides investment advisors and wealth managers with a cloud-based portfolio management platform offering aggregation, customizable reporting and rebalancing combined with fully outsourced daily reconciliation and data management service. With innovative technology backed by exceptional service, Black Diamond frees advisors to focus on serving clients and growing their business. More than 600 advisory firms have chosen Black Diamond to help manage more than $300 billion in assets. Learn more at http://www.advent.com/blackdiamond.

Advent, Advent Software, Black Diamond, and the Advent and logo composite are registered marks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.


Media Contact:
Kendall Reischl
Advent Software, Inc.
+1 (415) 645-1771
kendall.reischl@advent.com