The move will enable RMB to make use of Advent’s platforms to support the distinct workflows of the firm’s two business lines, thus helping RMB to deliver on its growth and client service objectives.
Dick Burridge, CEO and chief investment officer for RMB Capital, remarked, "Advent’s cutting edge technology, superior client service, and scalability made selecting the Black Diamond and APX platforms a clear choice."
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"Advent has been a committed, strategic partner to us, and we are confident that the innovative solutions they provide will continue to meet our business needs and support our firm as we grow," he further added.
Black Diamond’s platform will offer RMB’s wealth management business a tailored, web-based, and user-friendly interface.
Moreover, apart from the enhanced portfolio management, performance reporting, and data reconciliation, Black Diamond’s platform also includes a portal designed to enable RMB’s advisory service teams to provide clients with more sophisticated and timely account data, claims Advent Software.
RMB had selected Advent’s APX platform in 2005 to support its asset management business. APX provides RMB an end-to-end solution that supports key elements of the investment process, including account aggregation, performance measurement, and flexible client reporting, all of which are relevant to RMB’s family office and institutional clients.
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By GlobalDataAdditionally, the APX platform is also scalable and its advanced technology, portfolio management, and reporting tools provide foundation for RMB’s future growth and continued success serving clients.
