Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, announced today that Cortina Asset Management is leveraging Adventâs suite of solutions to strengthen and support its compliance program. Advent provides a comprehensive portfolio of products to help mitigate risk for marketing, client services, traders, and the chief compliance officer.
With $1.8 billion in assets under management, Cortina uses Adventâs entire integrated suite of products throughout its operations to streamline its compliance processes and procedures, including Tamale RMS Â®, Advent Portfolio Exchange Â®, Moxy Â®, Advent Rules Manager Â®, Advent Revenue Center Â® and AdventÂ® Custodial Data. Each of Adventâs products plays an important role for Cortina in addressing one or more compliance issues, including adherence to client directives, insider trading, disclosures, forensic testing, fair allocations, custody of assets, adherence to fee agreements, adherence to portfolio strategies and documentation of decisions.
Lori Hoch, Principal, Chief Operating Officer and Chief Compliance Officer of Cortina Asset Management, commented, âWhile Advent products offer individual functionality that build a stronger compliance program, it is equally important that they all integrate and communicate with each other. In order to examine and present data consistently, it is much easier when the systems are from one provider rather than multiple vendors. Firms that use Advent solutions across the investment process to support compliance are at a decided advantage.â
âIn an increasingly complex and demanding regulatory environment, compliance officers are hard pressed to get the timely, accurate information they need to monitor and manage risks effectively,â said Chris Flynn, Vice President of Product Management at Advent. âAdvent understands the business risks that exist and can help automate many facets of compliance. It is very gratifying to know that Adventâs solutions are empowering Cortina to manage their compliance program efficiently and accurately.â