Advent Software, Inc. (NASDAQ: ADVS) and Schwab Intelligent Technologies announced today that they entered into an agreement to integrate two of Advent’s portfolio management platforms – Black Diamond and Advent Portfolio Exchange® (APX) via Advent OnDemand® – with the Schwab OpenView Gateway™. Through this agreement, Advent will be extending the availability of custody information from Charles Schwab & Co., Inc. to drive high value workflows in these platforms. The ability to access current custodial data throughout the day will help advisors, portfolio managers and operations personnel make more informed decisions and enhance client service.
According to Dave Welling, vice president at Advent Software and general manager of Black Diamond, “We are looking forward to deepening our relationship with Schwab and continuing to collaborate to provide great service and technology to our shared clients. Deeper integration of custody information and workflows across the Advent, Black Diamond and Schwab platforms will help our clients realize significant productivity gains while also giving them better tools to serve their clients – and we are proud to be a part of a solution that helps to support advisor greatness.”
“This is an extension of our more than 20 year relationship with Advent, during which we have worked together to serve more than 1,400 shared clients,” said Neesha Hathi, senior vice president of advisor technology solutions for Schwab Advisor Services. “We are thrilled to be working with Advent on our continuing goal of creating access to Schwab through leading technology platforms like Black Diamond and Advent APX.”
Advisors attending IMPACT 2012 in Chicago November 13-16 are invited to visit the Schwab Center for more information or to come by the Advent – Black Diamond booth in the Expo.
About Advent Portfolio Exchange and Advent OnDemand
Advent Portfolio Exchange (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment and is available to be deployed locally or in the Cloud, via Advent OnDemand, with or with or without full business process outsourcing services. For more information on APX visit
About Black Diamond
As an independent business unit within Advent, Black Diamond’s mission is to support and cultivate advisor greatness by providing the best combination of technology, service and innovation in the industry. The Black Diamond platform is purpose-built to meet the evolving needs of advisory firms and currently supports over 375 advisory firms representing over $130 billion in assets under management. For more information about Black Diamond products, visit:
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling operational risks and costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange and Advent OnDemand are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.