Wealth Management Partners NV Selects Advent Portfolio Exchange® and Moxy® to Position for Growth
Netherlands-based Firm Chooses Advent’s Innovative Solutions to Provide Superior Services to its Growing High Net Worth Client Base
LONDON and SAN FRANCISCO – March 28, 2007 – Advent Software, Inc., (NASDAQ: ADVS), the leading provider of software and solutions for the global investment management industry, today announced that Wealth Management Partners NV has licensed Advent’s Moxy® for trade order management and Advent Portfolio Exchange® (APX), Advent’s next-generation platform for portfolio management, reporting and client relationship management. Wealth Management Partners, based in Amsterdam and one of the most successful recent additions to the asset management market, manages funds in excess of $500 million (USD) for high net worth individuals across the region.
Wealth Management Partners’ growth has been dramatic since its inception in 2004, and to manage the rapid expansion of its business while establishing a solid platform for the future, the firm needed to automate its mission-critical business processes, including trade order management and portfolio accounting and reporting. The firm was also looking for a solution that could be deployed rapidly, allowing the business to continue its growth plans. After considering local and global providers of solutions, Wealth Management Partners chose Advent’s comprehensive suite, which offered a proven, integrated approach to solving the firm’s needs.
“With our continued growth, we wanted to find a solution that supported our operational needs while also allowing us to provide superior service to our clients,” said Rico Bosma, partner, Wealth Management Partners. “The scalability and front- to back-office functionality offered by APX will allow us to focus on growing our business instead of spending time on back office tasks, while the integration between APX and Moxy® allows us to streamline our trade order processing. We were also impressed with the speed of the implementation and minimal business disruption during the project. Advent’s reputation as a client-focused, proven partner to the investment management industry is well-deserved.”
APX is designed for total compatibility with Moxy®, providing seamless integration between trading and portfolio management. Moxy® electronically posts allocated trades into APX on demand, eliminating time-consuming and error-prone manual entry.
“We are delighted to add Wealth Management Partners to our growing list of clients in EMEA,” said Hakan Valberg, general manager, Advent Software EMEA. “They join an increasing number of firms around the world that recognize the benefits of working with a proven business partner to deliver innovative, mission-critical solutions to solve key business problems.”
ABOUT ADVENT PORTFOLIO EXCHANGE®
Advent Portfolio Exchange® (APX) is Advent’s next generation in portfolio management technology that 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® automates and streamlines the trading and order management process of partial and complete executions and allows the user to send allocation results using OASYS, an external electronic allocation system, to communicate allocations to brokers electronically. Moxy® also provides Internet-ready electronic order routing based on the industry standard FIX messaging protocol, allowing users to route trades electronically to any FIX-compliant broker or crossing network that supports the internet or other TCP/IP connections.
Advent Software, Inc. (www.advent.com
), a multinational company, has been providing 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. Advent is the only financial services software company to be awarded the Support Center Practices certification for being a world-class support organization. For more information about Advent in EMEA visit www.adventemea.com
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.