U.S. Bancorp Fund Services LLC Selects Advent’s Geneva® to Support its Hedge Fund and Offshore Fund Clients

U.S. Bancorp Fund Services LLC Selects Advent’s Geneva® to Support its Hedge Fund and Offshore Fund Clients

San Francisco, CA, September 13, 2004 - Advent Software, Inc. (NASDAQ: ADVS) announced that the alternative investment group of U.S. Bancorp Fund Services, LLC has selected Advent’s Geneva® solution for its real-time global portfolio accounting needs. Geneva® is the industry’s premier global investment accounting and portfolio management solution that solves the complex challenges faced by global asset managers, mutual funds, hedge funds, fund administrators and prime brokers with scalability and efficiency unmatched in the marketplace today.

U.S. Bancorp Fund Services, LLC provides a single-source service solution for mutual funds, closed-end funds, multiple series trusts, partnerships, offshore funds and separate accounts. The firm’s alternative investment group previously employed Advent’s Axys® portfolio accounting solution, but in the four years since the alternative investment group’s inception, has grown substantially, and required a system that would allow them to handle their clients’ increasingly complex securities and investment accounting requirements.

“We completed an exhaustive search for a new system, and ultimately decided on Geneva® for its flexibility, both in reporting and its wide acceptance of data feeds. Our clients have very unique investments among various products. We needed Geneva’s® flexibility to create custom reports for investments that are new to the market. Geneva® also provides impressive scalability, which is a requirement for our firm. As a service provider we need to rapidly respond to increasing client demands,” said Christine Gray, vice president of U.S. Bancorp Fund Services.

Geneva® features a large inventory of security types and transaction coverage, helping firms react to changes in business climate by handling both existing and future investment opportunities. And Geneva® is the only global portfolio accounting and portfolio management system that meets the stringent and complex needs of investment managers worldwide when accounting for high volume, traditional, derivative, domestic and global investment strategies, as well as when integrating accounting data into their straight-through processing (STP) infrastructures.

“We’re extremely pleased to be able to help U.S. Bancorp provide superior client service through the extensive functionality in Geneva®. And it’s also great to see U.S. Bancorp grow its business over the years with the continued use of Advent products. We look forward to continuing this terrific relationship,” said Peter Hess, Managing Director in charge of Advent’s global accounts business.

About U.S. Bancorp Fund Services
Headquartered in Milwaukee since 1969, U.S. Bancorp Fund Services, LLC currently provides services to more than 260 fund families, with 980 portfolios and 1,300 fund classes and administers 2.1 million shareholder accounts with $180 billion in client assets. U.S. Bancorp Fund Services’ clients include mutual funds, investment partnerships, hedge funds, separately managed accounts, fund-of-funds, and offshore funds. It is a subsidiary of U.S. Bancorp (NYSE:USB - News), the 6th largest financial services holding company in the United States with assets of $190 billion. Visit U.S. Bancorp Fund Services at usbfs.com.

About Advent
Advent Software, Inc. (www.advent.com), a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.

Kathleen Golden
Advent Software, Inc.
301 Brannan Street
San Francisco  CA  94107
(415) 645-1336