Alpima to implement new digital advisory platform from SS&C
Alpima in tech modernisation with SS&C
London-based advisory firm Alpima has selected SS&C Technologies’ APX and Moxy solutions to underpin its digital advisory business.
APX is an integrated, front-to-back office portfolio and client management solution. Moxy is a centralised trade order management system.
SS&C says the contract was preceded by a “thorough analysis”.
Pierre Mendelsohn, founder and CEO of Alpima, comments that investors increasingly care about performance, costs, transparency and risks, and they also want personalised service. “The digital transformation of money management is real,” he states.
“SS&C’s APX and Moxy enable us to deliver on our vision of combining the customisation our clients want with the low cost and transparency that today’s technology allow.”
APX has an established user base of wealth, investment and asset managers in the UK, which includes Azure Wealth, Egerton Capital, Falcon Private Wealth, Heptagon Capital, London & Capital and Signia Wealth.
APX and Moxy: the origins
APX (which stands for “Advent Portfolio Exchange”) and Moxy came to SS&C via an acquisition. In early 2015, the US vendor expanded its presence in the wealth management software market with the all-cash purchase of rival Advent Software.
SS&C spent $2.7 billion on Advent ($44.25 per share), which made this purchase the vendor’s largest to date.
The acquisition nearly doubled the client base of SS&C. The merger of the two providers created a giant in the global investment management software space, with over 10,000 customers with an aggregate of over $44 trillion in assets under management.
The combined R&D budget of SS&C and Advent is around $125million.
Pete Hess, a long-standing senior executive of Advent (most recently its CEO and general manager of the Advent business post-acquisition) has left the firm. On his LinkedIn profile, he says: “After 23 years with Advent… I am taking a few months off prior to pursuing my next opportunity.”
