This is the first solution to offer private client asset managers a trade order management system with user-defined portfolio valuations and contact management through to settlement, custody and cash management. The interface is already implemented at two firms including 7im, a division of Killik & Co, a major UK stockbroking firm.
Ron Morgan, Chief Executive of Pershing Limited, said: "This agreement will further improve the services we offer and continues to build upon our reputation to meet the requirement to continually provide cost effective solutions and support to a sophisticated and changing marketplace." David Cotterell, CEO of Advent Europe UK, added: "Advent has a strong relationship with Pershing US and Advent Europe is delighted to be able to provide true straight-through-processing to the growing independent asset management segment, as well as to the established stockbroker community.
