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02:54 PM
Evelyn Perez
Evelyn Perez
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Advent Software Launches Advent Portfolio Exchange, and more

Advent Software Launches Advent Portfolio Exchange, Tamarac Releases Advisor 5.0

Advent Software Launches Advent Portfolio Exchange

Advent Software, a provider of software to the investment management industry, announced the launch of its Advent Portfolio Exchange, which combines portfolio accounting, reporting and client relationship management into a single platform. This new product includes an SQL database, .NET technology and Web-based user interface. The Advent portfolio has various audit features such as portfolio management and reporting, client management, a database with security, fixed-income functionality and online reporting.

During the past year, Advent teamed with more than a dozen client firms who provided invaluable feedback and ran the system in their business environments. Among the firms who participated in the program are Bill Few Associates, Sterling Capital Management, Midwest Trust and Stanford Management Company.

Rodney S. Engh, vice president of Bill Few Associates and a beta user of technology, recommends Advent Portfolio Exchange to any firm looking for technology to manage its client base. "This solution offers so much more than any other product our firm evaluated by successfully combining client data management, portfolio management and portfolio reporting in one convenient and easy-to-use package," Engh said in a statement.

"Advent Portfolio Exchange allows us have the right level of control over who has access to which information, and leaves us confident that the system is secure," said Cathy Sawyer, director of Sterling Capital Management, in the release.

"Investment management firms are facing increasing pressure to meet strict regulatory requirements across all parts of their business," said William Penney, Advent's director of product marketing, in a release. "With Advent Portfolio Exchange we are marrying feature-rich technology with a browser user interface that will give firms support for enterprise security and audit requirements in a highly customizable, user-friendly application,"

Tamarac Releases Advisor 5.0

Tamarac, a portfolio management technology provider has introduced Tamarac Advisor 5.0., which includes new functions for mutual funds, rebalancing and trading.

"Tamarac 5.0 allows advisers to not only rapidly rebalance thousands of accounts in minutes, advisers reduce costs and improve investment returns for their clients," said Richard Thomas, executive vice president, business development, in a statement. "This frees up advisers to spend more of their time on more important functions such as building their businesses," said Thomas.

Tamarac Advisor 5.0 has functions that provide automated cash rising or investing simultaneously across accounts, tax loss harvesting, substitution of alternatives securities for closed funds, and rebalancing capabilities for the tracking and controlling of mutual fund redemption fees.

In addition, it offers trading capabilities -- Advisor 5.0 automatically creates trade order files and supports a wide number of securities including stocks, bonds, mutual funds, ETFs and alternative investments.

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