Computers

Advise wraps record year with rapid growth and expansion plans

Advise Technologies, a software solutions provider for global regulatory compliance, saw rapid growth during 2012.

Advise secured significant new client gains across the US fuelled by demand for its solutions, including its Consensus RMS suite of regulatory reporting tools.

A majority of first-round Form PF filers in the industry successfully filed using Advise’s Consensus RMS suite in July/August, and again in October/November. 
 
In response to this demand and to help private funds prepare for the Alternative Investment Fund Managers Directive (AIFMD), Advise plans to open an office in Europe in 2013. The company continues to add global sales and support staff as investment advisory firms turn to Advise to automate their compliance processes and prepare for emerging reporting requirements such as CPO-PQR, CTA-PR and FATCA.
 
“Advise’s growth has accelerated over the past year as new regulatory requirements have become the norm for the investment advisory industry,” says Doug Schwenk, chief executive of Advise. “As filing deadlines continue to compound for Form PF, CPO-PQR/CTA-PR, AIFMD, FATCA and others that have yet to be finalised, investment advisers need solutions they can trust to reduce the pain and potential for error that are associated with manual reporting processes.”
 
Developed by hedge fund industry professionals, Advise’s Consensus RMS suite of regulatory reporting solutions enables firms to interpret, aggregate and normalise data from disparate sources to electronically submit regulatory filings, including Form PF. The firm also provides a complete document management system, called Vault DMS, which helps locate, track and automate key documents and prepare for regulatory examinations.

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