Advent Software, Inc. a provider of software and services for the global investment management industry, introduced Advents index data service, which allows clients to download index performance data from Standard & Poors (S&P) and Russell Investments (Russell) directly into Advent Portfolio Exchange (APX), Advents award-winning, integrated portfolio and client relationship management solution.
Through Advents index data service, APX clients can receive index performance data specifically formatted for APX, classified at both the industry and security level, on a daily or historical basis. Advents index data service enables clients to leverage all of the power in the APX performance analytics reporting capabilities, where they can look at performance attribution and contribution reports which show their portfolio performance against S&P or Russell indices at the industry and security level. In addition, S&P Global Industry Classification Standard (GICS) sector-level index data, for use with APXs performance analytics reports, is available at no charge to all APX clients.
The addition of Advents index data service allows us to download index data directly to APX, saving us from the hassle of manually loading and reconciling the data, says Michelle Gosom, vice president, Reed Conner & Birdwell, LLC. The ability to load industry indices easily into APX using Advents index data service is a key value proposition for our firm. It allows us to ‘set it and forget it’, giving us one less thing to have to think about and saving us valuable time and resources.
D.C.