Advent Office Provides Total Solution for Asset Management Advisors.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 8, 1998-- - Advent Helps Integrate Operations, Expand Reach - Asset Management Advisors Inc., ("AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. ") a family office and investment advisory firm with $750 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , recently signed a license agreement to use several Advent Software Advent Software (NASDAQ: ADVS) makes software designed to automate portfolio accounting for investment management firms, ranging from family offices and investment advisors to large institutional investors and hedge funds. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADVS ADVS Automatisiertes Datenverarbeitungssystem ADVS Assistant Director Veterinary Service ) solutions. These Advent solutions will replace AMA's previous system, SS&C's Total Return. Advent will accommodate the company's growing need for systems integration and enterprise-wide access. To automate To turn a set of manual steps into an operation that goes by itself. See automation. its operations, Asset Management Advisors will be implementing the following components from the Advent Office suite of enterprise investment management solutions: Axys(TM), for portfolio management, Advent Partner(TM) for partnership accounting practices, Qube(R) for client relationship management, and Rex(TM) for conducting automated reconciliation over the Internet. "Our decision to switch from SS&C's Total Return to Advent Office was based largely on issues of integrating client relationship management across our geographically distributed operations Distributed Operations (DO) is a new warfighting concept being adopted by the United States Marine Corps and is being developed by their Warfighting Laboratory as a response to the changing environment of the Global War on Terror. ," said AMA's vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Jonathan Carroll, speaking from the company's headquarters in Jupiter, Fla. "We recently established a subsidiary, Teton Trust Company, a full service private trust company located in Jackson, Wyo. Given this expansion, we wanted a system that could readily integrate with other system solutions. By integrating our operations and client administration, Advent Office will allow us to provide enterprise-wide access to client portfolios and projects. The bottom line is improved client service and operations productivity. In addition, Advent has demonstrated a commitment to creating solutions that not only adopt the latest technology, but that function throughout all levels of our enterprise - the front, middle and back office." Added Kevin Lakin, controller, Asset Management Advisors, "We've been evaluating different vendors for the past 18 months. During that time, Advent has made major strides in the product development of Advent Partner, which will play a significant role in our operations capability. Advent also talked with us, listened to us and demonstrated a commitment to getting us up and running quickly and efficiently. The end result is a value-added solution that will make us more productive and profitable." "Because technology is constantly evolving, Advent is constantly reevaluating the issues that companies find most important, such as integration, ease of use and product support," said Stephane DuBois, vice president of marketing for Advent Software. "We are committed to leveraging technology to provide solutions that address these needs and allow growing companies to focus on building their bottom line." The Advent Office software suite consists of Axys(TM), the industry-standard portfolio management system; Qube(R), a client relationship management solution; Moxy(R), the most widely used intra-day order management solution; Advent Warehouse(TM), the world's first investment warehouse management solution; Advent Partner(TM), a partnership accounting solution; Rex(TM), the industry's first Internet-based automated reconciliation solution; and Advent Browser browser Software that allows a computer user to find and view information on the Internet. The first text-based browser for the World Wide Web became available in 1991; Web use expanded rapidly after the release in 1993 of a browser called Mosaic, which used Reporting(TM), the industry's first Internet-based portfolio, performance and analytic reporting solution. Advent Software Inc. is a leading provider of enterprise investment management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company's common stock is traded on the NASDAQ National Market under the symbol ADVS. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : For more information or to license Advent Software products, readers can contact Advent Software, 301 Brannan Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94107; phone (415) 543-7696, or visit Advent's Web site at http://www.advent.com. Axys, Qube, Moxy, Advent Warehouse, Advent Partner, Advent Browser Reporting and Rex are trademarks or registered trademarks of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies. |
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