Advent Software is testing a major upgrade of its platform for financial advisors with more than 10 firms.
Advent made the announcement today in Las Vegas, at its annual forum for firms using its products and services.
The upgrade to its cloud-enabled platform for asset and wealth management enterprises includes changes to Advent Portfolio Exchange, Moxy, Advent Rules Manager, Advent Revenue Center, Advent General Ledger Exchange, Tradex, Advent Corporate Actions and Advent Custodial Data.
The platform supports 900 firms around the world. The enhancements improve cross-platform integration that streamlines workflow and improves data accuracy. The changes also are expected to reduce clients' operations costs and help with decision-making.
The new release includes features that allow advisors to get more information on private equity investments, to set up or download sinking fund schedules and view calculations related to them, and to send orders and allocation details directly to Bloomberg and receive executions in Moxy. The enhancements also provide for faster and more efficient reconciliation, and users will be able to save portfolio tax-lot closing method settings for specific data.
For more information on Advent products visit www.advent.com/about/resources/demos/pr.