Automation of daily investment management tasks, including tax, accounting, investment practices and reporting. Modules for investor prospecting and account management, portfolio construction, trade order management, investment analysis and accounting, trade communications, cash and income processing, data management and reporting. Automatic calculation and correction of data in real-time, process schedulers and dynamic updates. Report generation and design module allowing users to create, run and schedule their own reports. Integrated securities data. Access to SS&C’s Business Continuity Process and Disaster Recovery Facilities.
SS&C, has expanded its presence in the wealth management software market with the all-cash acquisition of rival Advent
Software. SS&C is splashing out $2.7 billion for Advent, which makes this purchase the vendor’s largest to date. The transaction is expected to close in Q2 this year. Just a few days before SS&C went on the record regarding the acquisition, Advent’s share price climbed to a record high of $42.85. This acquisition nearly doubles the client base of SS&C. The merger of the two providers will create a giant in the global investment management software space, with over 10,000 customers.
Functionality of HiPortfolio
Multi-currency investment accounting and asset servicing. Full position management across the trade cycle from execution to settlement and market events from dividends to complex capital events. The fund accounting functions span the full investment cycle covering valuations, positional and lot-based accounting from simple to complex portfolio structures. User defined NAV calculation capability supported by exception and price attribution reporting. Support for a range of asset classes including derivatives. Integration capabilities and straight-through processing (STP). Data extract and user defined reporting capabilities support internal and external reporting.
