Penson accesses Advent’s buy-side custodial database
NEWS ANALYSIS | ALLIANCE | CUSTODIAN UNVEILS ADDITIONAL REPORTING, ACCOUNTING ACCESS
DALLAS – Custodial service provider Penson Worldwide has built an interface with Advent Custodial Data (ACD), Advent Software’s custodial data network, to enable buy-side clients using Advent’s Axys reporting and accounting system to access custodial account information to improve portfolio management and performance.
Advent’s ACD product consolidates account information from more than 400 member custodians and posts it into Axys. Buy-side managers can access data submitted by Penson to the
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