Independent Advisor Turns to Advent Software to Outsource Operations

Independent Advisor Turns to Advent Software to Outsource Operations

Alpha Fiduciary Leverages Advent's Portfolio Management Solution through Advent® Back Office Service to Enhance Client Service

SAN FRANCISCO - April 14, 2009 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that independent investment advisory firm, Alpha Fiduciary, is up and running on Advent® Back Office Service (ABOS).  Advent enables independent advisors to outsource their back office functions and offers online access to the functionality of its award-winning portfolio management and accounting solutions. 

Advent offers clients a wide range of flexible delivery options for its solutions, from on-site installation to managed hosting to a fully outsourced environment with reporting and reconciliation services.

Alpha Fiduciary, founded in 2007 by Arthur Doglione, is an independent registered investment advisory firm based in Phoenix, Arizona.  To get his business up and running, Doglione needed a portfolio accounting system, but he did not want to grow operational infrastructure or staff.  After trying out a competitive system that lacked critical functionality, he turned to Advent. 

By outsourcing, Alpha Fiduciary is able to take advantage of Advent's portfolio management solution for fast and easy real-time access to portfolio data, enhanced performance measurement, a scalable architecture to accommodate growth in assets and accounts, and streamlined report generation and packaging - all without growing operational overhead.  In addition, Advent provided Alpha Fiduciary with custodial downloads, data management, and daily reconciliation, including exception management.

"With Advent, we now have the functionality and flexibility we need at a competitive price; if we tried to do it in-house, we would probably have a fraction of the functionality," said Doglione.  "I know Advent is going to keep their offering as current and competitive as possible and they'll continue to improve it.  With Advent's technology, we feel that we're very well positioned to double or triple the size of the firm with very few additional staff members."

"For independent advisors looking to devote more time and resources to building their business and less time managing technology and operations, outsourcing offers a cost-effective way to benefit from Advent's industry-leading solutions and 25 years of experience," said Michael Lobosco, Director of Straight-Through-Processing at Advent.  "We support hundreds of advisory practices through ABOS and have a proven track record of delivering high quality, reliable solutions to our clients.  We are very pleased that ABOS has become the solution of choice for independent advisors like Alpha Fiduciary that need a scalable, reliable technology platform to help get their businesses up and running quickly and efficiently."

About Advent
Advent Software, Inc. (, a global company, has provided trusted solutions to the world's leading financial professionals since 1983.  Firms in 60 countries use Advent technology. 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

The Advent logo, Advent Software and Advent are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

Media Contact:

Jessica Miller
Advent Software, Inc.        
(415) 645-1668