SAN FRANCISCO – June 24, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Harold C. Brown & Co. (“HCB”) has selected Advent Portfolio Exchange® (APX), its award-winning solution for portfolio management and client relationship management, and Moxy®, its leading trade order management solution.
Headquartered in Buffalo, New York, HCB is an independent registered investment advisor with approximately $900 million in assets under management. The firm was looking for tighter integration among its trading, portfolio management, and reporting functions, in order to maintain the high quality of services provided to its clients. HCB reviewed its options and determined it could best be served by implementing APX’s integrated enterprise portfolio management platform and Moxy®‘s trading platform.
“We had too many systems that were independent from each other, and it was difficult to coordinate and consolidate, so it was important for us to find a solution that could unify the firm’s operations,” said Maureen Maguire, Chief Operating Officer, Harold C. Brown & Co. “After an extensive and comprehensive selection process, Advent’s industry-leading suite emerged as the clear choice to help us achieve our goals; we are delighted to have a solution that meets all of our needs.”
Added Maguire, “All in all, the combination of APX and Moxy® has made our workflow more dependable and predictable. We don’t have a lot of downtime, which is great. We no longer have anxiety about timely completion of work. That’s really what Advent has given us: a level of comfort and convenience that we were lacking before.”
“We’re very pleased to provide Harold C. Brown with an integrated solution that allows them to strengthen their operational infrastructure and provide superior client service,” said Pete Hess, Executive Vice President and General Manager of Advent’s Investment Management Group. “Harold C. Brown’s selection of our proven suite of mission-critical products demonstrates Advent’s ability to meet our customers’ needs for a robust scalable platform that adapts to their ways of doing business.”
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX), Advent’s next generation portfolio management product, fully integrates the front-office functions of client relationship management (CRM) with the back-office operations of portfolio accounting and reporting. This award-winning 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, click here.
Moxy® is the industry-leading OMS software deployed at over 800 firms which automates and streamlines the trading and order management process of partial and complete executions and allows the user to send 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®, click here.
Advent Software, Inc. (www.advent.com), a global company, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $18 trillion. 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 organization. For more information on Advent products, click here.
The Advent logo, 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.
Advent Software, Inc.