Advent Survey Reveals Growing Internet Use Among Financial Services Firms; Morningstar, Internet Explorer Come Out Ahead.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 19, 1999--In a close race, Morningstar emerged as the preferred online information service of 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. firms, just ahead of ValueLine, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey conducted by 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 ). Fifty-one percent of respondents to the survey indicated that they use Morningstar, barely edging past the 50 percent who said ValueLine (respondents may have selected more than one choice). Advent, maker of the Advent Office(TM) suite of Enterprise Investment Management solutions, conducted the survey among its client base to gauge online habits, plans and preferences. Questionnaires were mailed to 3,200 financial services firms, including investment advisors 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 , financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. , banks, trust companies, broker/dealers, investment partnerships and family offices. A total of 701 responses were returned and tabulated. When asked which of the following information services See Information Systems. their firms use, respondents indicated the following (again, note that respondents may have checked more than one choice): - Morningstar.net, which bills itself as the web's most complete site for investment news, analysis and research, led with 51 percent of the responses. - ValueLine.com(SM), best known for The Value Line Investment Survey, the world's most widely read investment information service, as well as electronic data services for individual and institutional clients, came in a close second, with 50 percent of the votes. - Bloomberg Online, which draws select content from the Bloomberg service and Bloomberg's host of media products to provide high-quality, up-to-the-minute news and information, received a 42 percent response. - First Call, whose First Call Notes offers electronic, real-time delivery of global commingled morning meeting comments, intra-day research broadcasts, special equity notes and corporate financial news releases, registered 21 percent of the votes. - Reuters, one of the world's leading financial information and news groups, rounded out the top five with a 14 percent response. "The Internet is exploding into nearly every segment of day-to-day life, and as our survey reveals, the financial services industry also is tapping into the services that abound on the Net," said Stephane Dubois, Vice President of Product Marketing for Advent. "Advent's survey is the first to reveal what the trends are among these users, information that should prove useful to financial services marketers and advertisers who want to know where they can reach this lucrative market segment." In addition to revealing which online information services financial services companies prefer, Advent's survey uncovered which 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 firms are using. Of all the companies that responded to the survey, 76 percent are using some version of Microsoft's Internet Explorer Microsoft's Web browser, which comes with Windows starting with Windows 98. Commonly called "IE," versions for Mac and Unix are also available. Internet Explorer is the most widely used Web browser on the market. It has also been the browser engine in AOL's Internet access software. to access the Web, followed by Netscape, with 64 percent. Only three percent reported using a rival browser (here, again, respondents may have selected more than one response). The Advent Office suite of Enterprise Investment Management solutions 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), an industry-first investment warehouse management solution; Advent Partner(TM), a partnership accounting solution; Rex(TM), the first Internet-based automated reconciliation solution, and Advent Browser Reporting(TM), the 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. Advent Software, Inc., Axys, Qube, Moxy, Advent Warehouse, Advent Partner, Rex and Advent Browser Reporting 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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