RFP News

Published on Dec 30, 2010

Advent Software, Inc., a provider of software and services for the global investment management industry, announced that investment management firm, Rock Point Advisors, is enjoying the benefits of Moxy® as a standalone solution. With more than 850 clients, Moxy® is Advent’s trade order management solution (OMS). Rock Point is one of the first advisory firms to use Moxy® in conjunction with PortfolioCenter®, Schwab Performance Technologies’ portfolio management solution.

Rock Point previously relied on a manual process using spreadsheets for trading. To continue to grow efficiently the firm needed to implement a trade order management solution that could integrate seamlessly with PortfolioCenter. Within just a few months of using Moxy®, Rock Point saw a number of significant improvements, including a 75% reduction in the time it took to begin trading.

“With close to 200 client relationships, Moxy® is a tool that we can leverage to grow,” said Evan Pemberton, Chief Compliance Officer and Operations Manager, Rock Point Advisors. “As we move toward offering our investment management services to other advisors and brokers, we need a system that allows us to efficiently standardize the management of those portfolios. Moxy® is that system.”

”Many of the advisors we work with are very focused on how to improve efficiency and increase time savings, and we’ve been pleased to see the impact that this integration between Moxy® and PortfolioCenter has had on Rock Point’s trading process,” said Mike Williams, Schwab Performance Technologies Director of Sales and Service.

“As investment management firms like Rock Point find their business growing and trading volumes climbing, they require stability, dependability, and sophistication in a trade order management platform,” said John Bird, Director of Product Marketing at Advent. “Advent provides firms with an OMS that is comprehensive and integrates seamlessly with many back-office systems, and we are pleased that firms like Rock Point can rely on Moxy® to support their business objectives.”**

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