Advent for Banks and Trusts Efficient Trading. Comprehensive Reports.
Advent® for Banks and Trusts is a comprehensive solution designed to meet the specialized investment management needs of both banks and trusts. More than 150 national, regional and community banks have leveraged the capabilities of Advent’s reliable and proven investment management technology and can attest to the improved service and enhanced efficiency they have achieved. Advent for Banks and Trusts includes the following integrated modules: Improve Client Service
Increased competition in the high-net-worth investor market has placed enormous pressure on banks and trusts to improve client service. Advent® for Banks and Trusts helps firms retain and acquire and retain profitable client relationships by providing them with tools to create personalized products and services. Firms can use Advent’s comprehensive wealth management reporting tools to provide their clients with holistic performance reporting across all their holdings. And to help internal staff serve clients better, many firms use an integrated client relationship management (CRM) tool to better track their client’s location, personal interests, third-party affiliates and conversations. Firms that use these tools save time and money and can allocate resources to increasing their client’s overall level of satisfaction. Minimize Operating Costs and Risks
Advent for Banks and Trusts provides seamless integration with third-party trust accounting systems. Advent reduces both operating risk and system integration risk by providing banks and trusts with a straight through processing (STP) environment-- this includes a FIX-based electronic order routing capability, that reduces manual entry and errors by minimizing human intervention in the trading workflow. Compliance is another key issue that Advent addresses by enabling firms to adhere to pre and post-trade restrictions from clients and institutions. With restriction-checking and compliance tools in place, portfolio managers and traders can spend more time on investment decisions and less time worrying about compliance.
"Advent® for Banks and Trusts has enabled us to achieve unparalleled efficiency. The integration and automation between Advent’s system and our trust accounting system, allows us to deliver a superior level of client service while also keeping our operational costs low."
Nick Voutsakis, Chief Technology Officer - Glenmede Trust Company
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