Advent Software Launches the Advent Alliance Program, Strategic Partnerships with Leading Software and Services Providers.SAN FRANCISCO--(BUSINESS WIRE)--May 6, 1999-- Proxy Monitor, Russell\Mellon Analytical Services, Ibbotson Associates, Interactive Technologies, ITG ITG In the Groove ITG Investment Technology Group ITG Information Technology Group ITG International Trumpet Guild ITG Instituut Voor Tropische Geneeskunde (Dutch: Institute of Tropical Medicine; Antwerp, Belgium) Inc., LightPort.com, and Morningstar are Founding Partners 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 ) launched the Advent Alliance Program today to a group of approximately 400 clients on hand for the second day of the 1999 Advent Software Spring Conference. Advent's Alliance Program has been formed to deliver a wide range of products and services to Advent clients through strategic partnerships with the industry's leading providers of software and services, continuing to enhance the Advent Office(TM) suite and Advent's Enterprise Investment Management vision. Founding partners of the Alliance Program include Proxy Monitor, Russell/Mellon Analytical Services, Ibbotson Associates, Interactive Technologies, ITG Inc., LightPort.com and Morningstar. With formal relationships in place to integrate and support partner solutions, Advent clients will benefit from the increased levels of efficiency gained through interfaces to a diverse range of services not typically offered by Advent. And through the Alliance Program, these companies and future partners will have access to Advent's substantial, diverse client base of more than 5,400 firms. PROGRAM TO ENHANCE THE VALUE OF ADVENT SOLUTIONS By integrating these technology solutions Advent will provide its clients with streamlined processing and a reduced workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. , while increasing and extending the value of its customers' investments in Advent solutions. The Advent Alliance Program is comprised of experienced application, platform and consulting alliance partners selected by Advent for their expertise in software, hardware, integration and other critical services. The program was created to further extend Advent's breadth of product and service offerings to its customers. "Our customers' continued success depends upon the availability of complete solutions, which include products and services that complement and extend the core capabilities of Advent solutions," said Collin Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Advent's senior vice president of corporate development and M&A. "We're extremely pleased to be able to offer our clients such a wide range of services, and look forward to working closely with our current and future Alliance Partners." LEADING COMPANIES JOIN AS FOUNDING PARTNERS "This is a powerful combination of services for our shared clients because it delivers the full capabilities of Russell/Mellon performance attribution at·tri·bu·tion n. 1. The act of attributing, especially the act of establishing a particular person as the creator of a work of art. 2. through an enhanced Advent platform," said Mark Hansen, director of sales for Russell/Mellon Analytical Services. "It blends the smooth delivery of the Advent system with a full range of robust analytic products." Russell/Mellon Analytical Services, a 50/50 joint venture by Mellon Trust and Frank Russell Frank Russell may refer to the following people:
A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . The company serves a client base representing more than $2 trillion in investment assets worldwide and operates from three principal offices in Boston, Tacoma, WA and Pittsburgh. "One of our highest-level initiatives going forward is to provide connectivity solutions to our clients," said Suzanne Christensen, senior vice president, product management, of ITG Inc. "By allowing clients to route directly from trade order management systems to trade destinations, we can streamline their process, letting them focus on adding value to their trading decisions." ITG Inc. is a NASD-registered broker/dealer combining years of first-hand trading experience with a commitment to the most advanced technology. ITG offers an entire family of powerful, fully integrated trading tools that enhance decision making, increasing trading efficiency, and strengthening the link between investment strategy and execution. "It is critical that we help our clients build integrated solutions, and partnering with the leader in the industry allows us to do that in a far more comprehensive and efficient fashion than we could have otherwise," said Mike Henkel, president of Ibbotson Associates. "Our joint clients will clearly benefit from this alliance." Ibbotson Associates is an investment consulting, software and data products firm specializing in the practical application of asset allocations Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. for investment managers, financial professionals, and their clients. "Our strategic partnership with Advent creates a new state of technology for the proxy advisory and voting industry, seamlessly linking portfolio accounting with proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members and record keeping into one package," said James E. Heard, Proxy Monitor's chief executive officer. "Voting is an integral part of equity management, and with this partnership, it will now be economical for a wide array of money managers to outsource proxy voting to a service provider that specializes in providing these services," he said. Proxy Monitor is a leading proxy voting advisor to major institutional investors with headquarters in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and additional offices in Chicago and Bethesda, MD. The firm provides proxy research, vote recommendations and voting services to investment managers, pension funds, banks and other institutional investors. "It is an industry fact that semi-automated billing procedures fail both to bill accurately and to provide critical management information. Advent's Alliance partnership enables Interactive Technologies to provide a seamless solution to both these problems with the Advantage system," said Bjarne Rostaing, vice president of Interactive Technologies. Interactive Technologies builds, markets and supports billing software for the banking and securities industries. Used in five of the ten largest U.S. banks and in numerous asset management companies, Interactive Technologies' Advantage system has become the industry standard billing service. Adding additional value to the launch of the Alliance Program are the contributions of Morningstar and LightPort.com. Morningstar, one of the most recognized and respected names in investment information, markets Principia prin·cip·i·um n. pl. prin·cip·i·a A principle, especially a basic one. [Latin pr  ncipium; see principle.] Pro, the popular investment and portfolio analysis system for investment advisors Investment Advisor1. 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 . LightPort.com, unique among web site developers and Internet consultants in its dedicated commitment to the 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. industry, serves individual advisors and planners as well as multi-billion dollar investment organizations. ABOUT ADVENT Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of integrated 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. Advent Software, Inc. and Advent Office 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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