APX's Analytics Give Abacus Insight Into Performance
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Overview: In 2007, Abacus Associates, a 100-year old family office in midtown Manhattan, decided to offer its investment expertise to a wider clientele and launched a registered investment advisory firm, Spears Abacus Advisors. A long-time user of Advent’s Axys® portfolio accounting and reporting solution, Abacus now faced a need for a portfolio management engine that could clearly separate its SEC-regulated RIA business from its proprietary family portfolios. The firm was experiencing growing demand from clients for more in-depth descriptions of portfolio performance. The firm also saw APX as an opportunity to consolidate all its customer contact information, generally residing among individual employees’ desktops.