SAN FRANCISCO – September 8, 2010 - Advent Software, Inc. (NASDAQ:ADVS), a leading provider of software and services for the global investment management industry, today announced that Stillwater Capital Advisors has chosen Advent Portfolio Exchange® (APX) through Advent OnDemandSM, Advent’s software as a service (SaaS) deployment, as its portfolio management and accounting platform, and LIGHT[PORT] to offer clients web-based access to reports and investment data. Together, the Advent and LIGHT[PORT] solutions enable Stillwater Capital Advisors to leverage an integrated portfolio and client relationship management solution while providing their clients with visibility into investment portfolios through an easy-to-use online portal.
Stillwater Capital Advisors LLC is an independent, investment management firm based in Wayne, Pennsylvania. The firm was founded in June 2009 and serves as an independent, stable fiduciary for its clients. The firm’s founders knew they had two specific technology requirements that needed to be balanced with their financial goals when they founded Stillwater Capital. They sought to keep operations and headcount down but required a fully outsourced, transaction-based portfolio management platform that offered the power and functionality that they had grown accustomed to at their previous firm. Additionally, Stillwater wanted a secure and customizable web portal that would provide clients with one location where they could view their assets and allocations.
“When we founded Stillwater, we knew we wanted to be able to offer the benefits of leading analytic tools and technology to our clients,” said Doug Swope, Founding Partner, Stillwater Capital Advisors LLC. “We did not hesitate to work with Advent, given the company’s reputation in the industry. The integration between Advent APX data and the LIGHT[PORT] client portal helps us deliver transparency and superior client service while offering opportunity to add value to our clients and grow our firm.”
After reviewing various service providers, Stillwater Capital chose APX, delivered as SaaS via Advent OnDemand(SM) to meet the firm’s portfolio management needs. Advent OnDemand(SM) delivers Advent’s award-winning suite of investment solutions via a SaaS model. For Stillwater Capital, choosing APX through Advent OnDemand(SM) meant they could leverage Advent’s proven and industry-leading technology platform while keeping operating costs down.
To offer additional value to its clients, Stillwater Capital turned to Advent Alliance Partner, LIGHT[PORT]. With LIGHT[PORT], Stillwater is able to offer clients access to up-to-date information on their specific assets and allocations through a secure, online portal. Since launching the portal, and because of the integration of LIGHT[PORT] and APX, Stillwater Capital has expanded the types of information that they can make available to clients. Beyond offering visibility into their portfolios, Stillwater now offers clients access to cost basis information, transactional history and client statements.
“Stillwater Capital is an outstanding example of a savvy firm that wants to minimize their IT and operational costs while also having the ability to differentiate their services,” said Michael Lobosco, Director of Advent OnDemand(SM). “Stillwater is enjoying the benefits of a best-of-breed approach, trusting Advent OnDemand(SM) to deliver proven portfolio and data management applications while also leveraging LIGHT[PORT] for client-facing web reporting. This combined solution offers clients like Stillwater assurance that they have solid, trusted providers supporting them in offering superior client service and growing their business.”
“It has become increasingly important for firms to establish a robust, online presence that extends beyond marketing to offer value-added services to clients. To do this successfully, they need accurate and reliable data on the backend and a flexible and customizable solution to build the client-facing applications,” said Jonathan Bentley, CEO and founder of Light[PORT]. “With Light[PORT] and Advent OnDemand(SM), Stillwater Capital offers a user-friendly, online portal to allow their clients to easily access portfolio information and, in doing so, they are able to better serve existing clients and attract new clients to the firm.”
LIGHT[PORT] is a leading provider of custom web portals for investment advisors. They provide a fully scalable solution based on simple to use tools within a highly secure delivery environment. Their nearly 500 client firms upload to their portals over several million records and reports each month. Last year these advisors’ clients in aggregate spent nearly 1 million hours viewing nearly 14 million pages of reports and commentaries.
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 https://secure.advent.com/info/pr_apx.
About Advent OnDemand(SM)
Advent OnDemand(SM) is Advent’s solutions delivered via the software as a service (SaaS) model, with or without data management services. From secure software hosting, to comprehensive and customizable data management, operations and client reporting solutions, Advent OnDemand(SM) helps clients control costs, reduce operational risk and enables superior client service. More than 500 firms use Advent products through Advent OnDemand(SM). For more information on Advent OnDemand(SM) 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 more than 50 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 http://www.advent.com/about/resources/demos/pr.
Advent, the Advent logo, Advent Software, and Advent Portfolio Exchange are registered trademarks and Advent OnDemand is a mark of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.