Advisor Emporium Advent Launches Solution For Family Offices
Advent Software Inc. in San Francisco has launched a software package for family offices.
Advent for Family Offices is designed to meet the specialized investment management and reporting requirements of multi-disciplinary firms offering integrated financial advice to either single or multiple high-net worth families. The company bills it as the industry‚s first front-to-back solution for family offices.
Advent for Family Offices is comprised of four modules from which family offices can choose. They include:
• Portfolio Management and Reporting, powered by Advent‚s Axys application, for performance measurement and reporting, integration with third-party general ledger packages, tax-sensitive investment management tools and interfaces to third-party portfolio analytic tools.
• Trading and Order Management, from Advent‚s Moxy product, providing portfolio modeling and rebalancing, FIX-based electronic order routing, intra-day order management and integrated pre-trade and post-trade rules-based compliance checking.
• Integrated Custodial Data, enabling banks and trust companies to download client account data from the more than 300 custodians participating in Advent‚s custodian network, to consolidate client assets from multiple financial institutions, reconcile cross-institutional data and deliver it online.
• Total Wealth Management, through Advent‚s outsourced data management service, allowing firms to consolidate securitized and nonsecuritized assets (real estate, jewelry, art, etc.), normalize data and deliver reconciled data online in a consistent format for easy wealth reporting.
For more information about Advent, visit www.advent.com.
Companies Provide Data Integration
StatementOne in Lawrenceville, N.J., and CashEdge Inc. in New York and Milpitas, Calif., have partnered with Cambridge Investment Research Inc. to provide Cambridge's advisors and registered representatives with combined data aggregation and consolidation services.
StatementOne provides enterprise financial data consolidation and performance reporting. CashEdge offers secure online money movement and advanced account aggregation platforms.