Advent Software, Black Diamond and Schwab Announce Integration Agreement

Planned Integration to Deliver Intraday Schwab Custody Data to Black Diamond and Advent Portfolio Exchange®

Tuesday, October 30, 2012 2:00 pm PDT



Public Company Information:

"This is an extension of our more than 20 year relationship with Advent, during which we have worked together to serve more than 1,400 shared clients"

SAN FRANCISCO--(BUSINESS WIRE)--Advent Software, Inc. (NASDAQ: ADVS) and Schwab Intelligent Technologies announced today that they entered into an agreement to integrate two of Advent’s portfolio management platforms – Black Diamond and Advent Portfolio Exchange® (APX) via Advent OnDemand® – with the Schwab OpenView Gateway™. Through this agreement, Advent will be extending the availability of custody information from Charles Schwab & Co., Inc. to drive high value workflows in these platforms. The ability to access current custodial data throughout the day will help advisors, portfolio managers and operations personnel make more informed decisions and enhance client service.

According to Dave Welling, vice president at Advent Software and general manager of Black Diamond, “We are looking forward to deepening our relationship with Schwab and continuing to collaborate to provide great service and technology to our shared clients. Deeper integration of custody information and workflows across the Advent, Black Diamond and Schwab platforms will help our clients realize significant productivity gains while also giving them better tools to serve their clients – and we are proud to be a part of a solution that helps to support advisor greatness.”

“This is an extension of our more than 20 year relationship with Advent, during which we have worked together to serve more than 1,400 shared clients,” said Neesha Hathi, senior vice president of advisor technology solutions for Schwab Advisor Services. “We are thrilled to be working with Advent on our continuing goal of creating access to Schwab through leading technology platforms like Black Diamond and Advent APX.”

Advisors attending IMPACT 2012 in Chicago November 13-16 are invited to visit the Schwab Center for more information or to come by the Advent – Black Diamond booth in the Expo.

About Advent Portfolio Exchange and Advent OnDemand

Advent Portfolio Exchange (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment and is available to be deployed locally or in the Cloud, via Advent OnDemand, with or with or without full business process outsourcing services. For more information on APX visit

About Black Diamond

As an independent business unit within Advent, Black Diamond’s mission is to support and cultivate advisor greatness by providing the best combination of technology, service and innovation in the industry. The Black Diamond platform is purpose-built to meet the evolving needs of advisory firms and currently supports over 375 advisory firms representing over $130 billion in assets under management. For more information about Black Diamond products, visit:

About Advent

Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling operational risks and costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit

Advent, the Advent logo, Advent Software, Advent Portfolio Exchange and Advent OnDemand are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

About Schwab Intelligent Integration

Schwab Intelligent Integration is a multi-year initiative designed to increase integration between disparate systems and workflows in advisors’ offices. Schwab OpenView Integrated Office™ is a product of Schwab Performance Technologies® and includes integration with Salesforce CRM. Schwab OpenView Gateway™ and the Schwab OpenView Workflow Library™ are products of Schwab Intelligent Technologies™. Participating providers in Schwab OpenView Gateway are Junxure, Microsoft, Salentica,, and Tamarac. More information about Schwab Intelligent Integration is available at

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million active brokerage accounts, 1.5 million corporate retirement plan participants, 844,000 banking accounts, and $1.89 trillion in client assets. The company was ranked ’Highest in Investor Satisfaction With Self-Directed Services’ in the 2012 US Self-Directed Investor Satisfaction StudySM from J.D. Power and Associates. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC,, and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides trust and custody services, banking and mortgage services and products. Investment products offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. More information is available at and

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Neesha Hathi is an officer of Schwab Intelligent Technologies and Charles Schwab Advisor Services.

Schwab Advisor Services serves independent investment advisory firms and includes the custody, trading and support services of Charles Schwab & Co., Inc., a registered broker-dealer and member SIPC. Independent investment advisors are not owned by, affiliated with or supervised by Charles Schwab & Co., Inc.

Schwab Intelligent Technologies (SIT), Schwab Performance Technologies (SPT) and CS&Co are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent from each other. SIT and SPT’s intelligent integration solutions integrate data about accounts custodied at CS&Co.

Participating providers in the Schwab OpenView Gateway are independent companies that are not affiliated with SIT or any of its affiliates. They develop interfaces needed for integration of their applications and tools, which are then subject to validation and pilot before becoming generally available to advisors. Their participation in Schwab OpenView Gateway is not a recommendation or endorsement of, or referral to, the participant by SIT or any of its affiliates. Neither SIT nor any of its affiliates makes any representation or warranty about information furnished by any participating provider. Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by them.

Forward-looking Statements

Any forward-looking statements included in this presentation, such as statements regarding strategies or plans of management for future operations, technology developments, and anticipated products, services, enhancements or availability and features thereof, involve assumptions, risks and uncertainties that could cause actual results to differ materially from our expectations. These risks, uncertainties and assumptions include the successful development, timing, anticipated features, functionality, benefits and market acceptance of new products, services and enhancements, continued sales of existing products and services, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions and other risks detailed in Advent’s most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2011 annual report on Form 10-K, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent’s Investor Relations Web site at

Any unreleased services or features referenced in this presentation or other public statements are not currently available and may not be delivered on time or at all. Customers who purchase Advent’s products or services should make their purchase decisions based upon features that are currently available. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements including any financial, product or other guidance, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. (1012-7130)


Charles Schwab
Lindsay Tiles, 415-667-0479
Advent Software, Inc.
Amanda Diamondstein-Cieplinska, 415-645-1668

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