Advent. Family Office. Comprehensive Reporting. Better Advice. solutions for

Transcription

1 Advent solutions for Family Office Comprehensive Reporting. Better Advice.

2 Designed for the Unique Needs of Family Offices Advent for Family Offices is the industry s first front-to-back-office solution designed to meet the specialized investment management and reporting requirements for single-family and multi-family offices of all sizes. Integrated modules include: Portfolio Management & Reporting Custodial Data Trading & Order Management Whether you manage a single-family or a multi-family office, Advent for Family Offices provides a completely integrated, comprehensive solution designed to meet the diverse challenges of managing your firm s operations. With more than 200 family office clients, Advent has the expertise to deliver state-of-the-art portfolio management and sophisticated reporting capabilities to enhance your overall product and service offering. More than 200 family office clients, managing assets from $50 million to $5 billion, leverage Advent s reliable and proven investment management tools. Your high net worth clients will appreciate the accurate reporting and improved client service Advent s 22 years of experience provide

3 Before using Advent, it took us 6 10 weeks to send out quarterly performance reports. Now we promptly send out reports 5 days after quarter end. Another benefit is we have reduced the quarter end reporting process from 40 man-hours to just 3. PRESIDENT, SINGLE FAMILY OFFICE IN NEW YORK CITY Demand for Timely and Accurate Financial Reporting The ability to deliver fast, precise and easy-to-read reports, regardless of the types of investments or where accounts are held, is critical to meeting the needs of ultra high net worth clients. Today s family offices are challenged with: Increasing responsiveness to reporting requests and creating personalized service offerings to exceed the expectations of high net worth clients Lowering operational costs through greater automation of data management processes Improving operational efficiencies in trading and order management and straight-through processing (STP) Integrating multiple technology platforms into a single platform Consequences to Your Firm Failing to meet these challenges means added costs and vulnerability to your business, including: Slow response time to reporting requests which creates dissatisfied clients Labor-intensive data management processes which create higher operational costs Excessive manual entry, which increases risk exposure and decreases operational efficiencies Disparate systems require manual intervention which increases possibility of errors Introducing Advent for Family Offices Now your family office can rely on a single integrated solution that enables you to deliver better service and improved back office operational efficiencies. Family offices of all sizes and strategies have gained a competitive advantage and enhanced their service offering by leveraging Advent for Family Offices advanced reporting capabilities

4 The Tools to Preserve and Grow Family Assets Advent for Family Offices is an integrated investment management solution designed for the specialized needs of single-family and multi-family offices. Some of the most respected institutions have gained a competitive advantage by leveraging the solutions advanced capabilities such as: Sophisticated, timely and accurate performance reporting for more informed decisions Streamlined custodial data management to lower operational costs Automated trade order management and portfolio modeling for improved operational efficiency and compliance Reliable technology from the trusted industry leader With these tools, you ll not only minimize risk and tax exposure, you ll increase your reporting capabilities and operational efficiency. The Portfolio Management & Reporting Module, Advent Portfolio Exchange provides flexibility to cover your diverse list of securities Meet Complex Reporting Needs of Family Members To provide the level of service that family members and ultra high net worth clients expect, it s critical to be able to deliver reports quickly, accurately and in a highly personalized manner. From cash activity, to purchase and sales, to portfolio performance, Advent for Family Offices allows you to create reports quickly and easily so they are available sooner with less hands-on intervention. Take advantage of all the opportunities available to you, from performance measurement and reporting to tax-sensitive investment management tools.

5 Since installing the Advent Solution, we are now able to perform daily reconciliation which saves us critical time at month-end. Overall, Advent has saved us more than $100 thousand per year, plus we now get information in an accurate and timely fashion. ED WRIGHT, PIEDMONT FINANCIAL TRUST COMPANY, SINGLE FAMILY OFFICE Ease of Access to Hundreds of Custodians Advent s Internet-based data management and automated reconciliation technology put a wealth of tools at your fingertips. With access to the industry s top 400 custodian banks and brokers, you ll have the power to draw from industryleading data providers on a regular basis. Plus, automated downloading of daily transaction and position account information means you save time, lower operational risks and increase efficiencies. Advent for Family Offices data networks allow you to pull information from multiple custodians, giving you access to a wide array of integrated services not collectively offered anywhere else. Custodian 1 Custodian 2 Custodian 3 Transactions, Positions, and Security Info Consolidated, Formatted Data Secure, Fast Internet-Based Communications Portfolio Management & Reporting Compare, Post, and Report (APX)

6 At the time we purchased Advent for Family Offices in 1998, we had $367 million under management, 96 accounts and 18 families. As of 2005, we now have $6.4 billion under management, consisting of 1700 accounts and 276 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 having only increased our back-office personnel from 4 to 6 people during this period of intense growth. KEVIN LAKIN, ASSET MANAGEMENT ADVISORS Increase Operational Efficiencies While Reducing Risk If you re concerned with controlling and reducing operating risk, Advent for Family Offices is the solution that ensures the tightest system integration available. Integrated order management, portfolio modeling, and compliance tools deliver the unparalleled efficiency of true straight-through processing (STP), reduce trading errors and compliance breeches, and allow money managers to focus more on performance and client service. Advent ensures that your time is spent on executing your investment strategy not managing your operational risk. The Trading and Order Management module offers the tools to streamline your trading workflow

7 Asset Class Summary 43.6% 43.0% Equity 5,212,507 Fixed Income 1,614,393 ABC Asset Management Activity Summary John R. Smith December 31, 2003 Asset Class Summary Asset Pct Class Market Value Assets Equity 5,212, Fixed Income 1,614, Cash 5,286, TOTAL PORTFOLIO 12,113, Sector Summary 2.1% 2.3% 1.9% 3.9% 11.4% 6.3% 7.6% 1.5% 1.7% ENERGY 99,780 MATERIALS 207,515 INDUSTRIALS 333,605 CONSUMER DISCRETIONARY 406,683 CONSUMER STAPLES 77,351 HEALTH CARE 89,392 FINANCIALS 241,939 INFORMATION TECHNOLOGY 239,023 View the asset class summary, sector summary and the performance history for an individual portfolio Cash 5,286, % 4.5% 4.5% 0.1% TELECOMMUNICATIONS SERVICES 6,090 UTILITIES 98, % 1.9% 0.2% FINANCIAL & INDEX FUTURES 13,275 LARGECAP 2,669,807 BALANCED 604,865 PACIFIC 124,361 LARGECAP 111,313 Bond Distribution by Maturity Top 8 Holdings Performance History Distribution by Maturity Securities Market Value Pct. 160 Over 10 Yrs 3 Yrs - 5 Yrs 1 Yr - 3 Yrs Under 1 Yr Series1 Us Treasury Note 2,950, % Due Fidelity Magellan Fund 2,007, Vanguard Index 500 1,565, Bell Telephone Co Pa 1,101, % Due Fidelity Securities Fund Growth & 787, Income Toys R Us 434, % Due Dividends Accrued (usd) 155, Vanguard Preferred Stock 111, Cumulative TWR /31/1998 2/28/1999 4/30/1999 6/30/1999 8/31/ /31/ /31/1999 2/29/2000 4/30/2000 6/30/2000 8/31/ /31/ /31/2000 2/28/2001 4/30/2001 6/30/2001 8/31/ /31/ /31/2001 2/28/2002 4/30/2002 6/30/2002 8/31/ /31/ /31/2002 Time Period Portfolio Russell 2000 DJIA 75/Lehman 25 2/28/2003 4/30/2003 6/30/2003 8/31/ /31/ /31/2003 Advent CONTRIBUTIONS/WITHDRAWALS Jones IRA From To List all contributions, withdrawals, and expenses for one or more portfolios over a specified time period Tran Trade Settle Broker Code Date Date Security Amount Quantity Code Commission CONTRIBUTIONS li BIG LOTS INC COM 10,400 1,000 li Cash 2,500 li EXPRESS SCRIPTS INC COM 46,760 1,000 li FREDS INC CL A 40,960 1,000 li HONEYWELL INTL INC 10,786 1, % Due li HONEYWELL INTL INC COM 33,820 1,000 li HOUSEHOLD FIN CORP SR 10,110 1,000 MTNS BE 7.300% Due li ICU MED INC COM 44,500 1,000 li JANUS INVT FD FLEX 9,220 1, INCOME FD li Money Market Fund 15,000 li STARWOOD 29,850 1,000 HOTELS&RESORT PAIRED CTF li THORNBURG MTG INC COM 19,700 1,000 li UCBH HOLDINGS INC COM 28,440 1,000 li UNISYS CORP COM 12,540 1, ,585 WITHDRAWALS wd Cash 1,500 wd Cash 5,320 6,820 EXPENSE ACCOUNTS dp Management Fee 3,200 3,200 AFTER FEE PERFORMANCE EXPENSE ACCOUNTS 0 PORTFOLIO NET TOTAL 304,565 EXPENSE ACCOUNTS PAID BY CLIENT 0 AFTER FEE PERFORMANCE EXPENSE ACCOUNTS PAID BY CLIENT dp Expense Fee 3,388 3,388 GRAND TOTAL 301,

8 Display a client s portfolio holdings on a specific date ABC Asset Management PORTFOLIO APPRAISAL John R. Smith Balanced Portfolio Custodial A/C# December 31, 2003 Unit Total Market Pct. Quantity Security Cost Cost Price Value Assets Yield Cash Accounts (USD) Dividends Accrued (usd) 17,838 17, U. S. Dollars Cash 5,269,019 5,269, Common Stock (USD) 5,286,858 5,286, ENERGY 1,155 Chevrontexaco Corp , , ,607 99, MATERIALS 2,000 Boise Cascade , , ,411 Dow Chemical , , , , INDUSTRIALS 4,300 Angelica Corp , , ,061 Globalsantafe Corp Shs , , ,300 Ingersoll-Rand , , ,700 Kelly Services , , ,700 Raytheon Co , , , , CONSUMER DISCRETIONARY 2,400 Anntaylor Stores , , ,600 Barnes & Noble , , ,100 Black & Decker , , ,400 Liz Claiborne Inc , , Nike Inc , , ,900 Office Depot , , , , CONSUMER STAPLES 500 Altria Group Inc , , ,900 Conagra , , ,353 77, HEALTH CARE 1,600 Baxter International Inc , , Pacificare Health Sys , , ,192 89, FINANCIALS 1,300 Bank Of New York , , ABC Asset Management 1,600 Horace Mann Educators , , PERFORMANCE REPORT Discounted Cash Flow Method Net of Fees John R. Smith Balanced Portfolio Custodial A/C# From to Portfolio Value on ,386,917 Accrued Interest 21,969 Contributions 250,000 Withdrawals -75,000 Realized Gains 2,975 Unrealized Gains 525,165 Interest 5,427 Dividends 25,097 Change in Accrued Interest 18,547 Management Fees -6,824 Portfolio Value on ,113,758 Accrued Interest 40,516 Summarize the performance of an individual portfolio between two dates Total Fees -6,824 Total Gain after Fees 570,387 IRR for 0.25 Years 4.92%

9 Proven Technology from the Investment Industry Leader Why have thousands of investment firms chosen Advent as their technology provider? Stability and reliability are two of the most-often-cited reasons. Backed by over 20 years of technical leadership, our technology is so dependable it effectively eliminates system downtime. It also links to more than 400 custodians and scales to handle the account volume and processing requirements of the world s investment institutions. Technical leadership and industry-wide acceptance ensure that your investment management solution remains on the cutting edge of reliability and technical innovation. This illustrates an ideal family office workflow using Advent s integrated modules Custodian 1 Custodian 2 Custodian 3 Advent Custodial Data (ACD) Broker Portfolio Management & Reporting (APX) Trading and Order Management (Moxy ) GLX 3rd Party General Ledger

10 Advent for Family Offices Solution Modules Advent Portfolio Exchange (APX) Advent Portfolio Exchange represents Advent s next generation in portfolio management technology. It is the first solution to fully integrate the front office functions of prospecting, marketing and CRM with the back office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client and prospect information to operations, marketing and portfolio managers via a browser-based user interface. Superior Portfolio Accounting and Reporting Advent Portfolio Exchange leverages over 20 years of portfolio accounting and reporting leadership Reporting Includes: Performance measurement and reporting Tax-sensitive investment management tools Multicurrency and variable-rate securities coverage Interfaces with third-party portfolio analytic tools General ledger integration Enhance Security and Compliance The powerful user security combined with the search and audit capabilities ensure data is only accessible by authorized users and changes are easily traceable Automated Reporting Process Ability to create custom packages with table of content and cover letters from disparate APX reports, Word documents, PDF, and Excel files. This allows you to free up significant operational time and provides more customizable reports to meet your clients requirements Combined Client Relationship and Portfolio Management Keep all critical data from last contact, to portfolio performance all in one database Features Include: Integrated reporting and client information tracking Multidimensional tracking of client portfolio and relationship information

11 Axys Incorporating the industry-standard Axys portfolio accounting and reporting application, this module offers: Accurate derivatives, equity, and fixed-income accounting Flawless performance measurement The best reporting tools in the investment management industry Trading and Order Management (Moxy ) The Trading and Order Management module is powered by Advent s Moxy technology, which integrates with the industry-leading Sentinel compliance management solution from Advent s strategic partner LatentZero. This module provides: Portfolio modeling and rebalancing FIX-based electronic order routing Intraday order management Integrated pre-trade and post-trade rules-based compliance checking Access to multiple electronic order routing networks Advent Custodial Data (ACD) The Custodial Data module includes Advent s Internet-based data management and reconciliation technology. Together, these tools provide: Automated downloading of daily transaction and position account information Daily cash balancing Exceptions-based position and transaction matching World-Class Service and Support With more than 100 skilled consultants, the Advent Professional Services organization offers a broad array of services designed to meet the specialized needs of asset managers. These services include: Project and enterprise management System integration and data conversions Custom development and reports Training for your staff Our services can scale to fit the specific needs of each client firm, no matter how large or complex

12 About Advent Software Advent Software, Inc. has been providing trusted solutions to the world s leading financial services organizations since Hedge funds, fund administrators, prime brokers, asset managers, broker-dealers, banks and trusts in over 60 countries use Advent s industry-leading solutions on 60,000 desktops to manage US$12 trillion. Advent s quality software, data and services enable these investment professionals to improve their efficiency, raise their client service levels, expand their assets, and increase their profits. For More Information To learn more, please call us today at or visit our web site at Advent Software, Inc. 600 Townsend Street, San Francisco, CA Third Avenue, New York, NY Copyright 2006 Advent Software, Inc. All rights reserved. Advent, Advent Custodial Data, Advent Portfolio Exchange, Axys, and Moxy are registered trademarks of Advent Software, Inc. All other products or services mentioned herein are service marks, trademarks or registered trademarks of their respective companies. Information subject to change without notice. BRO-FO1206