NEW YORK and SAN FRANCISCO, May 21, 2002 - Advent Software, Inc. (Nasdaq: ADVS), and TD Waterhouse Institutional Services today announced that TD Waterhouse has joined Advent TrustedNetwork®, the industry’s first solution enabling financial organizations to deliver consolidated account information from multiple financial institutions to investment advisors. As an Advent TrustedNetwork account provider, TD Waterhouse joins a large and growing number of financial institutions that are making client accounts available to the network.
“We regard ourselves as business partners to the advisors we serve. Part of that commitment is making it easy for them to obtain the information they need to be successful. Joining Advent’s TrustedNetwork allows us to support advisors who use account aggregation as a tool to serve high-net worth individuals,” said J. Thomas Bradley Jr., President of TD Waterhouse Institutional Services.
Advent TrustedNetwork is a data aggregation service that collects and distributes transaction-level investor account data, such as security positions and transaction history, from participating financial institutions, including brokerage firms, banks and other custodians. The service enables investment advisors to deliver holistic wealth planning strategies based on consolidated reports and online analysis of an investor’s total wealth, regardless of where those accounts are custodied.
“The financial services industry is focusing quite intently on comprehensive wealth management services, both as an area in which to grow their business, and as a means of providing enhanced client service. TD Waterhouse’s decision to join Advent TrustedNetwork serves to help us deliver the most comprehensive solution possible to the financial services marketplace,” said Collin Cohen, Executive Vice President at Advent.
Advent Software, Inc. has been providing trusted solutions to the world’s leading professional money managers since 1983. Firms in 55 countries use Advent technology to manage investments totaling more than US $8 trillion. Advent’s quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent’s common stock is traded on the NASDAQ National Market under the symbol ADVS.
About TD Waterhouse
TD Waterhouse Institutional Services provides comprehensive financial services to over 2,000 independent investment advisors, whose clients collectively account for approximately 16% of TD Waterhouse's U.S. customer assets. TD Waterhouse Institutional has serviced advisors for over 10 years and currently provides investment advisors and their clients with world-class service, cutting-edge technology and a comprehensive offering of products and services, all at a competitive price. TD Waterhouse Institutional is a division of TD Waterhouse Investor Services, Inc. (Member NYSE/SIPC), a subsidiary of TD Waterhouse Group, Inc. Financial advisors that would like more information about the firm’s involvement with Advent’s TrustedNetwork, should call 1-800-934-6124 and select option 2.
TD Waterhouse Group, Inc. provides investors and investment advisors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis. Worldwide, TD Waterhouse currently services 3.2 million active customer accounts in the United States, Canada, the United Kingdom, and Australia. The firm also has joint ventures in Japan, Luxembourg, Hong Kong and India to serve investors in those countries. TD Waterhouse can be found on the Internet at www.tdwaterhouse.com and on America Online at Keyword: TD Waterhouse. TD Waterhouse is a wholly owned subsidiary of TD Bank (NYSE/TSE: TD) and part of TD Bank Financial Group. Headquartered in Toronto, Canada, with offices around the world, TD Bank Financial Group offers a full range of financial products and services to approximately 13 million customers worldwide.
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