Texas-based Bluffview Wealth Management, which specialises in high and ultra high net worth clients, has implemented Advent Portfolio Exchange as its new portfolio and client relationship management platform, along with Advent Revenue Center as its billing and revenue management system.

Bluffview has said its choice of Advent’s products was driven by its need for software that could effectively manage risk, and deliver accurate and customised client reports and invoices to support its growth. Additionally, as a third of the firm’s business derives from Mexico and Latin America, it required systems with multi-currency capabilities.

Bluffview’s adoption of APX and ARC has also obviated the need for manual input in processes such as client reporting and quarterly invoicing, and has accordingly made the process of carrying out these tasks more time and cost efficient; quarterly invoicing had, for example, previously taken some two to three weeks with the firm’s preceding system but now is completed within a few days, the firms said in a statement.

"There were so many things our previous system couldn't do, and it ultimately cost our firm time and money," said Mike Gavett, partner at Bluffview. "With Advent, we have scalability we did not have before built into a technology platform that improves our ability to respond to clients efficiently and with accuracy."