Case Study: Mairs and Power achieves faster, more accurate corporate‑actions processing and reduced risk with SS&C Advent’s Advent Corporate Actions (ACA) for Axys

Mairs and Power - Customer Case Study

Mairs and Power, an RIA managing $4 billion with a 28-person staff and a long-time user of Axys®, faced a time-consuming, “hit-or-miss” process for tracking corporate actions—receiving notices by fax, custodian feeds or news, keeping binders of printouts, and manually researching and processing events. To replace that unreliable workflow they engaged SS&C Advent and its Advent Corporate Actions® (ACA) integrated with Axys® to get a single, holdings-based source of corporate action information.

SS&C Advent implemented ACA to deliver consolidated, holdings-matched alerts, nightly automated transaction builds for many mandatory events, a web-based security query tool, and dedicated corporate actions specialists. The result for Mairs and Power was a shift from reactive to daily monitoring, significant time savings on research and processing (including help with complex events like the Time Warner reverse split/spin-off), fewer after‑the‑fact adjustments and reduced operational risk, plus faster, more accurate responses to client cost-basis inquiries.

Mairs and Power

Sharon Castle

Investment Operations Associate