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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.

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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