LONDON and SAN FRANCISCO – January 13, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Evercore Pan-Asset Capital Management (“Evercore”) has selected Moxy®, Advent’s industry-leading trade order management solution, and Advent Portfolio Exchange® (APX), its award-winning, integrated portfolio and client relationship management solution.
London-based Evercore is a discretionary wealth management company, which focuses on asset allocation and index-tracking using exchange traded funds (ETFs). Established in 2007, the firm offers tailored asset management solutions to a diverse roster of clients, including pension funds, charity endowments and high-net-worth individuals.
Evercore initially relied on spreadsheets to support its operations. However, it needed a professional and robust technology platform with risk management and compliance capabilities in order to meet the stringent due diligence requirements of its target institutional client base. Using APX and Moxy®, Evercore will be able to leverage a range of functionality from portfolio modeling, trade execution and restriction capabilities, through to portfolio management, performance analytics and exposure reporting.
“Advent’s suite of trade order management, portfolio management and reporting tools will provide us with everything we need to meet the high service expectations of our clients, while helping us improve our business efficiencies and reduce operational overhead,” said Christopher Aldous, Chief Executive of Evercore Pan Asset. “With Advent, we have a flexible and reliable platform that can support our large-scale growth plans, while ensuring at all times that we are serving our clients’ best interests.”
“We are thrilled Evercore Pan-Asset has chosen Advent as its technology partner to support them in their next phase of development,” said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. “Having a discretionary wealth manager of Evercore’s caliber select Advent’s solution for wealth managers reflects our reputation as a tried and trusted provider to this market segment, and we look forward to helping Evercore meet its future objectives.”
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 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 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 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.