Ranking the Vendors of Portfolio Management Systems

December 13, 2001


Boston, MA, USA December 13, 2001

Ranking the Vendors of Portfolio Management Solutions  

In an indispensable guide for financial institutions selecting a portfolio management system, Celent ranks the leading solution providers

Economic developments over the last two years have created a miserable situation for most players in the asset management world, both institutional and retail.  For asset managers throughout the world, it has been difficult to marry the spectacular gains and strong growth of assets under management of the mid-to-late nineties with the rough seas the markets now experience.

Vendor/Solution Rank
Thomson Financial -- Portia 1
Advent Software -- Advent Office 2
Financial Models Company -- FMC Pacer 3

The general industry movement towards automation, resulting in straight through processing and compressed trading and settlement cycles, holds the promise of cost savings and as well as being a competitive differentiator.  Those firms capable of demonstrably better performance due to increased internal and external efficiencies will be able to woo more assets under their roof.

While it is impossible to move the market into calmer seas, it is possible for firms serving both institutional and retail investors to improve operational efficiency. Software systems have become useful tools in creating this operational efficiency while at the same time enhancing the client relationship. Portfolio management systems are core pieces of software for asset managers. “These systems can help to address market and operational issues, and we expect that increasing interest in portfolio management solutions will translate into strong spending for such systems in the years to come,” according to Fritz McCormick, author of the report.

The report highlights current trends in the industry and profiles twelve major vendors.

A Table of Contents is available online.

of Celent Communication's research services can download the report electronically by clicking on the icon to the left.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
Tel: +1 212 345 1366

Europe (London)
Chris Williams
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
Tel.: +81 3 3500 3023

Table of Contents


Boston, MA, USA  December 13, 2001

Return to report Abstract

  Portfolio Accounting 10
  Market Data Interfaces 11
  Reporting 12
  Order Management 12
  Order Routing 12
  Straight Through Processing 13
  Performance Measurement & Attribution 13
  Compliance 14
  Portfolio Analytics 15
  Advent Software 19
  Checkfree Investment Services 22
  DST International 22
  Eagle Investment Systems 24
  Financial Models 25
  Odyssey Group 26
  Princeton Financial Systems 27
  Spectra Securities Software 28
  SS&C Technologies 30
  Sungard 31
  Thomson Financial 33



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