Commonwealth Financial Selects Advent INX

Commonwealth Financial Selects Advent INX

San Francisco, CA, October 16, 2001 - Advent Software, Inc. (Nasdaq: ADVS) announces that Commonwealth Financial has selected Advent INX ™, a software solution that enables investment managers to display performance, holdings, yield and other portfolio data on web sites designed specifically for their clients. Commonwealth Financial is a leading investment brokerage firm that provides clearing, business and investment management resources to a national network of more than 800 independent financial consultants.

"The addition of Advent INX allows us to utilize virtually every possible medium to bring information to our investors, including paper, e-mail, HTML or Adobe Acrobat, so we're able to deliver information any way the clients want it," said Wayne Bloom, Principal of Commonwealth Financial. "With Advent INX we can tie all of our Axys¸ portfolio accounting data to pricing feeds, as well as internal and third party research feeds and web designs. This will allow Commonwealth and its representatives to truly differentiate themselves by integrating our own 'look and feel' to our web strategy."

Advent INX works in concert with Axys, from which it derives client portfolio information. It is an open system that allows firms to call data on demand and then filter, format and present portfolio information in a flexible browser environment where firms can add a variety of value-added third-party content. Firms can build dynamic, customized web sites around the Advent INX platform to provide a maximum level of service while differentiating their business.

"Advent's software has served as our technological backbone for more than five years. Several years ago we integrated Advent's Browser Reporting¸ software and literally "pushed" state-of-the-art client reporting right onto our advisors' desktops. And what Browser Reporting did for our advisors, Advent INX will do for our investors," continued Bloom.

"We're thrilled with the success that Commonwealth Financial has had with our software over the years, and that we can continue to develop products that the industry finds valuable. For any firm that has or is considering an investor-oriented web site, Advent INX is the tool they need to develop a highly scalable, data on-demand web site, while personalizing it to the look and feel of their firm," said Peter Caswell, President and CEO of Advent.

About Commonwealth
With principal offices in Waltham, Mass., and San Diego, Commonwealth Financial Network is an investment brokerage firm that provides clearing, business, and investment management resources to a national network of over 800 independent financial consultants. Commonwealth was founded in 1979. In addition to providing a wide range of services and access to a full spectrum of financial and investment products, the company offers a variety of practice management services and distinguished experts to support business growth. Investment Advisor magazine has selected Commonwealth as national Broker/Dealer of the year five of the last six years. (Web site:

About Advent
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.

Kathleen Golden
Advent Software, Inc.
301 Brannan Street
San Francisco  CA  94107
(415) 645-1336