SAN FRANCISCO – August 4, 2009 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has more than 400 clients leveraging Advent® Outsourcing Services. With the recent expansion of its outsourced offering, Advent now delivers a full range of flexible outsourcing services through a Software-as-a-Service (SaaS) model, with or without data management services.
Advent® Outsourcing Services includes:
Advent® Outsourcing Services serves a growing number of market segments within the investment management industry. From its initial focus on the needs of independent and registered independent advisors (RIAs), Advent® Outsourcing Services clients now include: independent advisors, RIAs, broker/dealers, wealth managers, private client services, family offices and hybrid asset managers.
To sustain its commitment to delivering superior client service, Girard Securities, a family-owned, full-service broker/dealer, turned to Advent® Outsourcing Services when it needed more flexibility than its previous back-office system could offer.
“We needed a powerful technology platform to meet advisors’ demands while maintaining profitability,” said Kevin Foote, Senior Director Advisory Services Marketing at Girard Securities. “Advent® Outsourcing Services combines the functionality of the industry’s leading portfolio management system with the flexibility, convenience and cost-effectiveness of an outsourced solution; Advent takes care of all system maintenance and upgrades, reducing the need for hardware and on-site IT support and freeing us to focus on core capabilities.”
“We are very pleased to serve as a complete outsourcing business partner to more than 400 firms, helping them reduce fixed costs, manage operational risks and improve client service,” said Michael Lobosco, Director of Advent® Outsourcing Services. “Advent’s comprehensive outsourcing capabilities can be tailored to meet the needs of firms of all sizes and strategies, helping clients increase their business focus and gain a competitive advantage. With over 25 years of experience and 4,500-plus clients, Advent has deep best practices knowledge and the industry’s broadest range of flexible solutions, making us the outsourced provider of choice.”
About Advent® Outsourcing Services
Advent is a complete outsourcing business partner for investment management firms. From secure managed hosting services, to comprehensive and customizable data management, operations and client reporting solutions, Advent® Outsourcing Services helps more than 400 firms each day control costs, reduce operational risk and enable superior client service. For more information on Advent® Outsourcing Services visit http://www.advent.com/outsource.
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 here.
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