Case Study: Klingenstein, Fields & Co achieves 50% faster billing and record‑time quarter processing with SS&C Advent

Klingenstein, Fields & Co - Customer Case Study

Klingenstein, Fields & Co., a New York wealth manager, faced fragmented legacy technology (CheckFree APL) and manual, time-consuming reconciliation and billing processes that hindered trading efficiency and reporting. To address these challenges they selected SS&C Advent and its integrated suite—Advent Portfolio Exchange (APX), Moxy, Advent Revenue Center, Advent Custodial Data (ACD) and REX—to create a straight-through, front-to-back office workflow.

SS&C Advent implemented end-to-end integration that automated custodial interfaces (bringing ~25 custodians online), centralized billing, and streamlined reconciliation and trade allocations. The firm saw measurable gains: reconciliation and billing ran about a week faster (about a 50% improvement), quarter-end processing completed in record time, reduced manual intervention, fewer trading errors, and faster, more flexible client reporting and invoicing.

Klingenstein, Fields & Co

Jonathan Roberts

Senior Vice President & Chief Compliance Officer