FOR IMMEDIATE RELEASE
11 July 2007
RAYMOND JAMES SELECTS ADVENT IN THE UK
Raymond James Investment Services (RJIS), the UK private client investment management arm of US based Raymond James Financial, has selected Advent Software’s Moxy® and Advent Portfolio Exchange® (APX) for its next generation of order management, portfolio management and client reporting tools. RJIS currently has 38 branches and affiliated firms throughout the UK, representing over £1B ($2B) in total private client assets.
RJIS’ rapid growth of the past few years, both in terms of total assets and number of affiliated offices, plus its desire to add on specialist custodians as and when needed, precipitated the need to seek an external vendor solution. Advent fit the bill as Moxy and APX meet its current needs but also provide the flexibility and capability to evolve as advisers’ business requirements change over time.
“We are pleased to have partnered with Advent to provide the solution RJIS needs today, but which also positions us well for our expected continued growth,” said Peter Moores, RJIS Chief Executive Officer. He went on to note: “Advent’s functionality provides for simple orders through to complex model portfolios, as well as robust client reporting and risk analysis tools, all of which are important to our investment managers and advisers. The firm’s proven on time and on budget delivery were also key factors in their selection.”
“We are delighted to have Raymond James join our growing list of clients in the UK who choose Advent not just because of our innovative solutions but because of our proven global track record of delivery and consistently adding value to our client firms,” said Håkan Valberg, General Manager, Advent Software EMEA. “Firms like Raymond James are understanding the enormous flexibility of our products that can improve business efficiencies and client services but also deliver the solid platform that firms need to grow the business without significantly increasing costs,” said Valberg.
For further information, please contact
Cynthia Poole, Director of Relationship Management and Business Support
Raymond James Investment Services
Tel 020 7096 6751 or Cynthia.Poole@RaymondJames.com.
Notes to editors
About Raymond James Investment Services Limited (RJIS)
RJIS is the UK private client investment management arm of Raymond James Financial, Inc., a US based diversified financial services company. The firm commenced operation in 2001 and has 38 affiliated offices across the UK. RJIS offers private client investment managers and advisers a platform of choice, providing alternative methods of affiliation through three business models: Independent Contracting, Professional Partners and the Wrap Platform. Its goal is to provide investment professionals in the UK with the freedom to deliver to clients a complete integrated wealth management solution whilst retaining their independence. RJIS is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.
About Raymond James Financial, Inc. (RJF)
Established in 1962, Raymond James Financial has been listed on the New York Stock Exchange since 1983 and has a current market capitalization of approximately $3.7B. RJF offers a comprehensive range of wealth management products and services to 1.6 million client accounts, representing total assets under control of $200 billion. RJF currently has 4650 advisers located in 2,200 office locations throughout the US, Canada, the UK and elsewhere overseas.
Having pioneered the independent contractor concept in the early 1980’s in the US, Raymond James Financial today enjoys an enviable reputation amongst investment managers and advisers for client service and investment in new technologies.
Advent Software, Inc. - NASDAQ: ADVS, (www.advent.com), a multinational company, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in more than 60 countries use Advent technology and manage investments totaling more than US $14 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, helping them grow their business while controlling costs. For more information about Advent in EMEA visit www.adventemea.com.