San Francisco-headquartered Advent Software has made the update to its wealth management platform available around the world.

This new update provides “significant improvements to components of the platform”, Advent – recently interviewed by this publication – said. (To read that interview, click here.)

The platform is comprised of Advent Portfolio Exchange, Moxy, Advent Rules Manager, Advent Revenue Center, Advent General Ledger Exchange, Tradex, Advent Corporate Actions and Advent Custodial Data, and is now further enhanced to support workflows and data access across the entire investment process.

A few highlights of the new release include increased instrument coverage, ranging from improvements in accounting and reporting of private equity investments to connectivity with third party vendors for more efficient fixed income trading, the firm said in a statement.

“We’re going to bring clarity between the back- and front-office with the new reconciliation toolset,” said Bob Stiess, business systems manager at Wasmer, Schroeder & Company, one of the beta testers for the updated platform.

“By taking position reconciliation from a report-based process to a database operation, both back-office staff and portfolio managers will be able to see the reconciliation status of portfolios in real-time. This transparency reduces time consuming emails and phone calls about reconciliation, and improves everyone’s confidence in the portfolio data,” Stiess said.