#1 Gunner Wrote: ------------------------------------------------------- > Portfolio Center is only half of what they market > themselves as. Portfolio Center could not > interface with Northern Trust. They lied to me > about this. ALso, Portfolio Center cannot deal > with foreign currency. So any assets deonominated > in anything besides USD will need to be manually > entered. > > Ended up with Advent. I agree that is it a pain > in the a$$, but Advent’s support team is the BEST > i have ever dealt with for anything. Once you > understanding how Advent works it is easy. > Seemless FX processing, as long as your getting > the data feeds. > > Yes it is expensive, but it is worth it. > > Clients develop a deeper level of trust knowing > you have complete accurate books and records. If you can afford Advent Portfolio Exchange (APX), I would opt for that over Advent Axys. APX is SQL-based whereas Axys is flat-file based. It’s a TON easier to query the data in a database than relying on pre-packaged reports from Axys that has to reference flat files. APX scales a ton easier if you’re planning on growth. You can outrgrow Axys, but I don’t think you can really outgrow APX. Before I left my prior firm, we were in the process of converting to APX from Axys. You’re better off starting on APX from day 1 instead of converting at a later point. edit: not to mention, Advent has stopped developing anything new for Axys and are just in maintenance mode. All their new development on that front is for APX. My $0.02
I totally agree that APX is the better long-term play. SQL-based flexibility and active development make it a smarter investment than Axys.