Chicago-based investment advisor Kovitz Investment Group has recently implemented Advent Portfolio Exchange to streamline the firm’s operations and integrate CRM functionality into the firm’s portfolio management processes.
“KIG has grown from $375 million in assets three years ago to $925 million today, and we plan to continue growing,” says Bruce Weininger, Principal, KIG. “We wanted a single system for portfolio accounting, CRM, client reporting and performance reporting so that our data would all be in one, easily accessible place, and we were looking for a solution that could grow with us. The Advent Portfolio Exchange platform delivers all of this for us and the resulting time savings and increased efficiency in our operations is significant.”
“An increasingly competitive landscape and the rise of more sophisticated investors are driving asset managers to seek out solutions with integrated CRM functionality so that they can be more responsive to the needs of their clients,” says William Penney, Senior Director of Product Marketing at Advent. “Advent’s solution combines STP, client management, statement automation tools and portfolio management into a single platform, making client reporting significantly easier and faster for our customers on a system that readily supports future growth.”