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Black Diamond

Black Diamond

Category
Consolidated Reporting
HQ
United States of America

The Black Diamond Wealth Platform is an offering of SS&C Advent, a business unit of SS&C Technologies.

An award-winning, cloud-based solution, Black Diamond is designed to meet the complex business needs of wealth management professionals and their clients. Complete with performance reporting, portfolio rebalancing, an immersive client portal, and more, the platform also connects to a vast ecosystem of smart integrations. Proactive, personalized attention from a dedicated service team ensures advisors receive access to an elite combination of technology and service.

What sets Addepar apart?

“Our relationship with our clients is the single most important driver of our innovative atmosphere. We’re always thinking of what’s ahead, so you can focus on supporting the dreams of your clients.”

Brian Justice, family office software, wealth management software, portfolio management software
Brian Justice
VP Advisory Sales & Business Development
Contact Brian

Key Company Info

Have a look at the company, clients and references to learn whether this is a match for you.

Company

Facts about the company

Employees

500+

Revenue

4,633 $M

Founded

2003

Ownership

Owned by a larger corporation

Incorporated

United States of America

Locations
  • Jacksonville
  • Florida
  • New York
  • San Francisco
  • California
Top 5 Markets

United States of America

Total AUM

USD 1.36tr

Avg. AUM per client

USD 870m

Clients

Facts about the clients

Focus

Financial advisors

Serves also
  • Single family offices
  • Multi family offices
  • Banks
Number
  • Family Office – 87
  • RIA / Wealth Manager – 1,354
  • Broker Dealer – 39
  • Bank / Trust Co – 40
  • Other – 42
References

Request References

What Black Diamond clients say

"I am so impressed with the level of support from Black Diamond. They do an outstanding job of answering questions, knowing the platform intimately, and always being incredibly responsive."

Dion R. Padilla

CEO, Padilla Wealth Management

Product

Get an overview of what this software does.

The basics

Basics about the product

Main tasks
  • Accounting
  • Consolidated Reporting
  • Compliance (e.g. AML, KYC, regulatory reporting)
  • Portfolio Management
  • Trading (execution on platform)
  • Trading (orders only)
  • Data Aggregation
Top features
  • User Interface
  • End client experience (client portal)
  • Data quality/data integrity
  • Exceptional service model
  • BillingTrading/Rebalancing
  • Sophisticated report output
  • Business Intelligence
Assets supported
  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewelry)
Whitelabel

Yes

Technology

Look under the hood

Type Of Software
  • Serviced Software
  • SAAS
Security
  • SSO & MFA (Single Sign-on and Multi-Factor Authentication)
  • Encryption In-Transit and At-Rest
  • Vulnerability and Penetration Testing
  • Source Code Analysis
  • Data Integrity Validation
  • Multi-Layered Endpoint Protection
  • Network Security including Web Application Firewall and Intrusion
  • Detection Secure Document Vault
  • Access Control (Role Based Permissions with Principle of Least-Privilege)
  • Firm Configurable Security Settings
  • Security Awareness Program
Ecosystem
  • Microsoft
  • Linux
Integrations
  • More than 55 pre-built integrations with other software solutions as well.
  • Robust API for custom integrations.
Mobile App

Yes

Reporting-specific features

They handle reporting like this

Type of data

Holding level

Accuracy

We have a highly intelligent reconciliation and accounting engine that combs through tons of accounts, holdings, transaction, and tax lots on a daily basis. We also combine it with rich market data for deep reporting.

Custodians

+900

Time to new custodian

A few days to a couple of weeks.

Multi-currency

Not relevant

Pricing & Co

Learn about the commercials

Cost structure

AUM based

Average cost p.a.

0.5 – 5 BPS our average client pays ~1 BP on their total AUM.

Support & Services

Learn what support and services you can expect

Support options

General contact mail or phone, Dedicated contact, In person on site support

Pricing of support

Free support

Onboarding

Firms with less than $1B in AUM typically complete implementation within 3-6 months. Firms over $1B in AUM typically complete implementation within 6-9 months.

Customisation

The system is highly configurable so different clients and users are able to setup a unique experience.

Bespoke development

Some feature development is built to the specific needs of the individual client, but typically this is combined with other experiences that are generally available to all firms.

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