Advent for Family Offices Comprehensive Reporting for Better Client Advice
Advent® for Family Offices is the industry’s first front to back office solution designed to meet the specialized investment management and reporting requirements of single-family and multi-family offices of all sizes. More than 200 family offices around the world, managing assets from $50 million to $5 billion, leverage Advent’s reliable and proven investment management tools. The solution includes the following integrated modules: Provide Sophisticated Reports to High Net Worth Clients
To provide the level of service that high net worth family members and clients expect, it is critical that firms have the ability to deliver reports quickly, accurately and in a highly personalized manner. Advent for Family Offices enables firms to create reports on cash activity, purchases and sales, realized gains and losses and portfolio performance in a timely fashion so that firms can deliver unparalleled client service. Reports can be paper based, web based or emailed to family members. Increase Operational Efficiencies through System Integration
If a family office is concerned about controlling and reducing operating risk, Advent® for Family Offices is the solution that ensures the tightest system integration available. Advent’s portfolio management and reporting module integrates with all major general ledger packages to enable a seamless exchange of information with a firm’s existing books and records system. In addition, Advent’s internet-based technology provides daily access to the industry’s top 400 custodian banks and brokers. This automated process of downloading daily transaction and position account information means that a firm saves time, decreases risk and increases operational efficiencies. “At the time we purchased Advent for Family Offices in 1998, we had $ 367million under management, 96 accounts and 18 families. By the end of 2003, we had $3.9 billion under management, 1292 accounts and 208 families. Advent, through its products and consulting services, has helped us achieve economies of scale allowing us to manage this growth efficiently as evidenced by the fact that we have only increased our back-office personnel from 4 to 6 people during this period of intense growth."
~~Kevin Lakin, Vice President and Chief Financial Officer - Asset Management Advisors (Multi-Family Office) 
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