Spears Abacus Advisors Selects Advent Portfolio Exchange® for its Integrated Performance Analytics Capabilities

Spears Abacus Advisors Selects Advent Portfolio Exchange® for its Integrated Performance Analytics Capabilities

Firm Delivers Greater Transparency for Enhanced Investor Confidence

SAN FRANCISCO – September 28, 2009 - Advent Software, Inc. (NASDAQ:ADVS) a leading provider of software and services for the global investment management industry, today announced that Spears Abacus Advisors LLC has selected Advent Portfolio Exchange® (APX), its award-winning, integrated portfolio and client relationship management solution, to take advantage of APX’s robust performance analytics capabilities. 

New York-based Spears Abacus is a registered investment advisor serving high-net-worth individuals and families.  Spears Abacus was experiencing growing demand from clients for more in-depth descriptions of portfolio performance, so the firm turned to APX for its built-in performance analytics.

“We had more and more clients who were requesting analytics.  APX’s performance analytics have received a very positive client response because we can identify exactly what is driving a particular client’s performance,” said Robert Raich, President of Spears Abacus Advisors. “When you look at an attribution report, it becomes very obvious where either sector or industry selection did or did not contribute.  It really shines a spotlight on the benefits of tracking differences against the benchmark.”

APX’s performance analytics reports enable portfolio managers to quantify exactly how their management decisions contributed to portfolio performance. Four reports are available:

  • Performance Attribution quantifies the impact of investment decisions and compares portfolio performance to a benchmark over any period.
  • Performance Contribution shows how each segment contributed to a portfolio's overall performance.
  • Exposure shows sector allocation within a portfolio to help adhere to investment guidelines, and optionally compares it to a benchmark.
  • Ex-Post Risk Statistics measure the actual realized risk of a portfolio in the past, based on historical portfolio and benchmark returns, a minimum acceptable return, and historical risk-free rates.

“We are very pleased to see firms like Spears Abacus enjoying the many benefits of APX’s built-in performance analytics,” said Michele Holton, Director of Product Marketing at Advent.  “With APX analytics, firms no longer have to send sensitive data to third parties for analysis, or rely on limited spreadsheet-based analyses.  Clients experience improved client service by illustrating how the portfolio performed against a benchmark, and increased efficiency by using one system for both portfolio measurement and performance attribution.”

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 our APX demo page.

About Advent
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 our product demo page.

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

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