ADP Securities Industry Software (ADP/SIS) says it has signed up two new clients for its securities transaction processing outsourcing platform. San Francisco-based Emmett A. Larkin Company (which provides on-line execution, clearing and custody services to brokers and IFAs) and Chicago-based Romano Brothers (which provides investment advice to individuals, foundations, corporations and trusts) have become the sixth and seventh clients of the platform.
“ADP/SIS’s software solutions are an ideal fit for our brokerage processing operations,” says Gordon Hing, President of Emmett Larkin stated. We look forward to a solid partnership in the years ahead as we continue to grow our business.”
Both of the new firms now use the ADP/SIS Brokerage Accounting System (BAS) and its Order Management System (OMS), POSSEsm, a browser-based desktop application, and OLOS, ADP/SIS’ fixed-income trading system.
“The conversion to the ADP/SIS system was well planned and executed,” says Dick Romano, Chairman & Co-Founder of Romano Brothers. “The post-conversion service has been above and beyond our expectations. We like the structure of the ADP/SIS user groups to handle the looming changes in the securities industry. We think our new partnership with ADP/SIS will give us the strategic tools and support we need to meet our future business development goals.”
David Swift, Senior Vice President and General Manager of ADP/SIS added: “With the addition of these firms, as well as the previously announced new clients, it’s clear that our products, service levels and value are being embraced by the industry. We continue to invest in industry-leading enhancements to increase our current clients’ competitiveness and productivity. This strategy is attracting new firms who are looking for the most efficient and cost-effective tools in today’s challenging market. We welcome our new clients into the ADP family and look forward to serving them.”