Advent Software Launches `Advent Certified Web Reporting;' A New Reporting Solution for Growing Investment Firms.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 13, 1999-- -- Pacific Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and SAI Financial Advisors Join as Providers -- 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 ), the leading provider of Enterprise Investment Management technology, has launched Advent Certified Web Reporting. This new program will provide growing investment firms with Advent's leading portfolio reporting and management capabilities, while alleviating them from the resource-intensive process of maintaining their clients' portfolio data in house. Through this program, Advent will refer investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and firms or independent representatives who wish to outsource their portfolio data and reporting functions to selected providers who have had their operations certified by Advent. Advent will work with dedicated data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a organizations affiliated with independent broker/dealer firms that have experience maintaining downloads from multiple custodians, and in supporting distributed implementations. Initial providers in the program include Pacific Financial Services and SAI Financial Advisors. Certified Web Reporting Providers will use Advent Browser Reporting for Enterprise Users(TM), which gives remote users access to Advent reports over an intranet. Advent's new browser-based reporting tool enables those remote users to generate any of the industry-standard Advent reports they or their clients might need. "We're excited about participating in this program," said Adam Antoniades, chief executive officer of Pacific Financial Services. "We feel we can help a lot of investment advisors who are spending too much of their time right now on performance reporting. We've devoted a good deal of resources to putting the infrastructure in place, so independent investment professionals can be confident in delivering great service to their customers." "Advent is committed to enhancing the value of professional money management throughout the industry," said Peter Caswell, 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. at Advent Software. "This means that we are continuously thinking of new ways to support emerging investment advisory firms by making our enabling technology available to them. This program will allow an even greater number of investment advisors to provide high-quality reports and enhanced services to their clients." Advent Software Inc. is the 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 , Calif. 94107; phone (415) 543-7696, or visit Advent's Web site at http://www.advent.com. Advent Software Inc., and Advent Browser Reporting for Enterprise Users are 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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