PIMCO Advisors Take One-Stop Solution From Advent; And Merrin For Front End

PORTFOLIO MANAGEMENT

SAN FRANCISCO--Two divisions of PIMCO Advisors -- Oppenheimer capital and PIMCO Equity Advisors -- are deploying Advent Software’s Advent Office product suite for their front, middle and back office fund-management systems.

PIMCO’s decision to take the Advent solution to replace two existing systems, Thomson’s Portia and Saratoga system’s CRM product, is part of a growing trend towards asset managers adopting software from a single vendor.

Ken Poovey, Chief Executive Officer of Oppenheimer

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