Advent Software, Inc. (NASDAQ:ADVS) a leading provider of software and services for the global investment management industry, today announced that Bluffview Wealth Management has implemented Advent Portfolio ExchangeÂ® (APX), Adventâs award-winning, integrated portfolio and client relationship management solution and Advent Revenue CenterÂ®, a comprehensive billing and revenue management tool to help streamline operations, analyze and manage risk and deliver enhanced client service.
Bluffview Wealth Management, LLC (BWM) is a full service independent wealth management organization that caters to high net worth and ultra high net worth individuals and families. BWM provides investment advisory solutions and wealth management advice to new and experienced entrepreneurs including liquidity and diversification strategies, alternative investments and lower volatility investment strategies. As the firm grew, they needed a technology solution that could effectively manage risk, deliver accurate and custom client reports and invoices and, with almost one-third of their business coming from Mexico and Latin America, had multicurrency capabilities.
BWM concluded that the firmâs previous solution did not have the capabilities to accommodate BWMâs planned growth and limitations of the technology required BWM to invest additional time and effort by manually processing various functions including the generation of certain client reports and invoicing. The firm turned to APX and Advent Revenue CenterÂ® to streamline operations and improve their ability to deliver superior client service. With APX, BWM can cater to individual clients, creating customized reports efficiently and on demand. BWM no longer relies on manual processes for quarterly invoicing, thanks to Advent Revenue CenterÂ®. This process, which had previously required 2 to 3 weeks each quarter, is now completed accurately and within a matter of days. Integration of APX and Advent Revenue CenterÂ® enables Bluffview to easily report on multiple accounts, a capability that has proven to be a competitive advantage for the firm.
âThere were so many things our previous system couldnât do, and it ultimately cost our firm time and money,â said Mike Gavett, Partner, Bluffview Wealth Management. âWith Advent, we have scalability we did not have before built into a technology platform that improves our ability to respond to clients efficiently and with accuracy. The team we worked with really understood our business and applied forward looking thought to the implementation. Weâre excited to see how Advent can help us be even more successful in our business.â
âOur solutions are designed to offer flexibility, scalability and accuracy so our clients can focus on what matters most to them -- meeting the needs of their clients and growing their business,â said Michele Holton, Director of Product Marketing at Advent. âBluffview Wealth Management had been restricted by the limitations of their previous system. We are pleased that Adventâs technology and expertise can provide a foundation for their continued growth and success.â