Family Office
Tennessee RIA selects Advent's Portfolio Exchange

Billion-dollar investment advisory goes live with web-based
portfolio tech. Chattanooga, Tenn.-based RIA Patten and Patten
has selected Advent Software 's Portfolio Exchange (APX)
portfolio and client-relationship-management (CRM) platform.
APX is the web-based or ASP version of Advent's Axys
portfolio-management software.
Back and forth
"APX is designed for scalability to add new accounts and take on
more assets as a firm grows without adding staff," says Patten
and Patten's head of operations Clay Crumbliss. "It will be
extremely beneficial from a compliance point of view, from a
portfolio manager's point of view, from a service point of view
and from a cost point of view."
Crumbliss adds that APX is pretty easy to use, especially when it
comes to shifting from front-office applications to portfolio
information. "We can move seamlessly from contact information to
portfolios to see holdings, performance and other pertinent
account data," he says.
Patten and Patten manages approximately $1 billion, mainly for
high-net-worth individuals. It also uses Moxy, Advent's
trade-order management system -FWR
Purchase reproduction rights to this article.