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How SS&C muscle might be just what the Black Diamond and Advent Software doctor ordered

The portfolio accounting provider to giants like Voya, Barclays and New York Life may finally get Advent into the cloud and crack the alternatives challenge

Author Brooke Southall February 3, 2015 at 8:16 PM
1 Comment
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Peter Hess: I don't think [our clients will] notice anything except more services coming down the line.


Pete Giza

Pete Giza

February 4, 2015 — 1:02 AM


Many firms will either continue with or choose Advent products below the Geneva strata because of loyalty, because it’s safe (“no one gets fired for choosing IBM”) or because of decade(s) of investment in learning how to make Axys do what you want.

I doubt that the SS&C acquisition will impact Axys or APX users much as whether they stay or move on. WealthSite’s data team has seen a significant uptrend in Advent conversions over the past 12 months and we don’t see any signs of it slowing. Contrary to popular opinion it is just not that hard to leave Axys or APX and firms are starting to figure that out.

As you said there is a huge opportunity born in this acquisition and I for one am looking forward to the next 24 months.


Pete Giza | VP Bus Dev | WealthSite Inc | www.WealthSite.com

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SS&C Technologies
Top Executive: Bill Stone

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