Stone Coast Fund Services Turns to Advent Partner® World Investor to Deliver Superior Client Service

27 February 2009

Advent Software, Inc., (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Stone Coast Fund Services has implemented Advent Partner® World Investor. Advent Partner® World Investor is Advent’s newly released single solution for global investor accounting and servicing of both onshore and offshore funds, and marks the third significant upgrade to the Advent Partner® product line in four years.

Stone Coast is a full service fund administrator and operations consultant for both onshore and offshore funds. Launched in May 2006, the firm has over 40 fund clients with $4.5 billion in assets under administration. Stone Coast uses Geneva®, Advent’s award-winning portfolio accounting solution, and Advent Partner®. The firm wanted to deliver the highest quality service for its complex offshore funds, while also becoming more efficient in managing their client relationships through a single, centralized source for investor data. Stone Coast turned to Advent Partner® World Investor, which provides a unified platform for investor accounting and servicing for both onshore and offshore funds.

“With Advent Partner® World Investor, we can manage escalating volume without diluting quality as our business grows. Having a single reliable investor accounting platform that meets the needs of all of our clients makes us extremely efficient,” said Marc Keffer, Co-Founder and Principal of Stone Coast. “For all the complexities that we and our fund manager clients ask of it, the new functionality of Advent Partner® World Investor is unparalleled; without it, we’d have to manage and support two separate accounting and investor management systems, which is expensive and can lead to reporting errors and delays, resulting in inferior client servicing.”

Advent Partner® World Investor contains major new functionality for multi-class, multi-series investor accounting; onshore and offshore funds; multi-currency support; equalization; and a new Investor Management module. It also contains all the key improvements found in recently released Advent Partner® 7.0 including workflow enhancements that streamline break period processing, new performance fee and side pocket settings, and usability enhancements that make users more efficient and productive when allocating or tracking data, or delivering information to investors.

“We are very excited about the launch of Advent Partner® World Investor; with its innovative features and streamlined workflows for investor servicing and accounting, it’s truly a game-changing release,” said Chris Momsen, Senior Vice President and Co-Head of Global Accounts at Advent. “We realize the importance of investor servicing as a competitive advantage for Stone Coast and our other customers, and Advent Partner® now makes it even easier to deliver the right information, in the right format, at the right time and at the right price to individual clients across funds.”

Concluded Keffer of Stone Coast, “We are not in the business of providing a mediocre service for clients with simple needs, so having a superb platform is a paramount consideration for us. Advent Partner® World Investor and Geneva® have really opened the door for us to occupy the niche that we’ve always envisioned. It’s been an excellent return on investment.”

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