March 20, 2008 09:15 ET

The Broyhill Family Office Leverages Advent Portfolio Exchange® (APX) Through Advent® Back Office Service (ABOS)

Fifteen Clients Live on Advent's Leading BPO Platform for Independent Advisors

SAN FRANCISCO, CA--(Marketwire - March 20, 2008) - Advent Software, Inc. (NASDAQ: ADVS), the award-winning provider of software and solutions for the global investment management industry, today announced that The Broyhill Family Office (Broyhill), an independent investment management firm with approximately $300 million in assets under management, is live on Advent Portfolio Exchange® (APX) through Advent® Back Office Service (ABOS). Broyhill marks the fifteenth client already using APX through ABOS. APX is Advent's next-generation, comprehensive portfolio management solution, and ABOS delivers APX in a true business process outsourcing (BPO) solution, including technology, industry-leading data management process and unparalleled flexibility, giving firms access to the award-winning software without making the infrastructure investment.

Broyhill was looking for a solution to help them free up resources internally so that they could dedicate their time to higher value activities. Prior to using APX through ABOS, Broyhill spent a tremendous amount of time and effort downloading positions from their custodian, uploading the data into portfolio management systems, and then reconciling positions back to client statements. It was a labor-intensive process that provided little value-add to their clients.

APX through ABOS enables Broyhill to have access to APX functionality without making a significant investment in technology infrastructure. Instead of installing, running, and managing the data in their offices, Advent's ABOS operations team manages the data, provides daily reconciliation, and delivers APX functionality to Broyhill over the Internet.

ABOS offers:

--  High-quality data management, reconciliation and exception management
    to support investment decisions, performance measurement and presentation
--  Web-browser access to APX, which greatly reduces the need for costly
    hardware and IT personnel
--  A scalable, reliable portfolio management platform designed to evolve
    with the business
    

"We needed a solution that would give us the advantage of the latest technology, but did not require operational and technical maintenance; APX through ABOS has allowed us to focus our attention on our core competencies -- investing the capital of our clients and partners -- by outsourcing day-to-day back office responsibilities and account administration," said Christopher Pavese, Managing Director, The Broyhill Family Office. "We are extremely pleased with the quality of data coming through, and Advent is able to provide us with 'clean' numbers more quickly than we were able to deliver internally. This service works so smoothly, I can't see any reason why you would not outsource your back office."

Of its 250 plus ABOS clients, Advent has fifteen customers already leveraging APX through ABOS to profitably and efficiently manage their businesses while delivering exceptional service to their clients.

"We are very pleased to add Broyhill to our growing list of clients enjoying the benefits of Advent's industry-leading solutions without having to manage IT infrastructure and data management processes," said Michael Lobosco, Senior Product Manager at Advent. "We believe APX through ABOS is a game-changing solution for advisors who are looking to outsource their back office business processes, but who are unwilling to sacrifice data quality, system functionality or reporting flexibility. Additionally, as part of the Advent suite of products, choosing ABOS provides advisors with unparalleled flexibility as their businesses evolve."

About The Broyhill Family Office

The Broyhill Family Office was established after the sale of Broyhill Industries with the formation of BMC Fund, Inc., an SEC Registered Investment Company and the primary wealth management vehicle for the Broyhill Family, in 1981. Over the ensuing years, Broyhill was asked to assist a number of non-family clients leading to its registration as a Registered Investment Advisor.

The Broyhill Hallmark for the past quarter century has been a relentless focus on capital preservation, which remains Broyhill's first and foremost priority today. A world increasingly dominated by short-term thinking and a relative-performance orientation, provides Broyhill and their partners with the unique opportunity to profit from disciplined and highly original investment ideas with a global perspective.

About Advent

Advent Software, Inc. (www.advent.com), a global firm, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $18 trillion. 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 costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization.

Advent and Advent Portfolio Exchange are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.