Raymond James Investment Services Chooses Advent’s Suite to Strengthen Foundation for Growth
Leading Service Provider for Investment Advisers Chooses Advent Portfolio Exchange® and Moxy® to Improve Operational Efficiencies and Deliver Enhanced Client Service
LONDON and SAN FRANCISCO – July 18, 2007 – Advent Software, Inc., (NASDAQ: ADVS), the leading provider of software and solutions for the global investment management industry, today announced that Raymond James Investment Services (RJIS) chose Advent Portfolio Exchange® (APX), Advent’s integrated platform for portfolio management and client relationship management, and Moxy®, the industry’s leading trade order management system, to enhance its front- and middle-office operational efficiency. RJIS is a leading stockbroking and investment management firm in the UK, providing investment professionals the tools and resources they need to deliver a complete integrated wealth management service to their high net worth clients.
RJIS is a market leader in providing entrepreneurial investment managers and advisers with the turnkey solution they need to operate their business and expand their products and services while retaining their independence. In order to maintain the high quality of services provided to its clients while growing the business by attracting new affiliates, RJIS decided to enhance its portfolio management, modeling, client reporting and analysis tools for its branches and affiliated firms with Advent’s industry-leading suite.
“Partnering with what we believe are the very best companies in the market, RJIS offers our advisers the broadest range of products and services to help them deliver to their clients a complete integrated wealth management solution. After an extensive and comprehensive selection process, Advent’s integrated suite emerged as the clear choice to help us achieve our goals,” said Peter Moores, RJIS Chief Executive Officer. “As we roll out the capabilities of APX and Moxy®, our clients will see enhancements in efficiencies and the functionality available, in particular with the portfolio modeling, rebalancing and client reporting capabilities.”
“We chose Advent for a number of reasons, including their reputable global track record of delivery and broad client base,” continued Moores. “Additionally, the scalable, flexible architecture of Advent’s suite means there are no complex integration requirements or significant bespoke development needed. We now have a solution that meets all of our needs – from simple orders through to complex model portfolios, risk analysis and client reporting – and provides us and our affiliated advisers with a solid platform for future growth.”
“We are delighted to have Raymond James join our growing list of clients in the UK who choose Advent not just because of our innovative solutions, but also because of our proven global track record of delivery and consistently adding value to our clients,” said Hakan Valberg, General Manager, Advent Software EMEA. “Firms like Raymond James understand the enormous flexibility of our products, which can improve business efficiencies and client services, and deliver the solid platform that firms need to grow the business without significantly increasing costs,” said Valberg.
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 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.
Moxy® is the industry’s most widely used trade order management system with over 750 clients worldwide. Moxy® features portfolio modeling, rebalancing, and what-if scenarios; intra-day order management; pre- and post-trade compliance checking; and electronic order routing and trade execution.
Advent Software, Inc. (www.advent.com
), a multinational company, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in more than 60 countries use Advent technology and manage investments totaling more than US $14 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, helping them grow their business while controlling costs. For more information about Advent in EMEA visit www.adventemea.com
About Raymond James Investment Services Limited (RJIS)
RJIS is the UK private client investment management arm of Raymond James Financial, Inc., a US based diversified financial services company. The firm commenced operation in 2001 and has 38 locations across the UK. RJIS offers private client investment managers and advisers a platform of choice, providing alternative methods of affiliation through three business models: Independent Contracting, Professional Partners and the Wrap Platform. Its goal is to provide investment professionals in the UK with the freedom to deliver to clients a complete integrated wealth management solution whilst retaining their independence. RJIS is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority. For more information please visit www.rjis.co.uk
Advent, 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.