Alwy vs Black Diamond Wealth Platform

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Alwy

Alwy

Category
Accelerator

Empower your family office with our all-in-one technology solution. Alwy provide advanced financial planning tools that streamline operations and enhance client experiences. By reducing the total cost of ownership, our platform helps you manage assets more efficiently, offering your end clients a smoother, more intuitive experience.

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black diamond

Black Diamond Wealth Platform

Category
Consolidated Reporting

USA-based, the Black Diamond Wealth Platform offers a cloud-based solution encompassing accounting, consolidated reporting, compliance, portfolio management, trading and data aggregation. Complete with performance reporting, portfolio rebalancing and an immersive client portal, the platform connects to a vast ecosystem of smart integrations.

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Company
Employees

  • 0-10

Revenue

-

Founded

  • 2020

Incorporated

-

Locations

  • Stockholm

Top 5 Markets

  • Sweden,
  • Norway,
  • Netherlands,
  • Belgium,
  • United Kingdom

Total AUM

-

Avg. AUM per client

-

Ownership

  • Key staff also have ownership,
  • Owned by management,
  • External investors (neither clients nor staff)


  • 500+


  • $4.633 million


  • 2003


  • Owned by a larger corporation


  • United States of America


  • Jacksonville
  • Florida
  • New York
  • San Francisco
  • California


  • United States of America


  • $1.9 trillion


  • $1.2 billion

Client
Focus

  • Multi-family offices

Secondary focus

  • Individual wealth owners,
  • Single family offices,
  • Multi-family offices,
  • Investment & Financial Advisors (RIAs/IFAs),
  • Fund managers,
  • Custodians,
  • Banks,
  • Pensions,
  • Funds of funds

-


  • Independent financial advisors


  • Single-family offices
  • Multi-family offices
  • Independent financial advisors
  • Registered investment advisors


  • +1.800 firms

Product
Main Tasks

  • Accelerator,
  • Advisors,
  • Compliance,
  • Consolidated Reporting,
  • CRM,
  • Data Aggregation,
  • Data,
  • Technology provider,
  • Asset Managers,
  • Engagement Platform,
  • Investing Technology,
  • Risk Management,
  • Portfolio Management,
  • Portfolio & Cost Analysis

Top features

  • Ability to Whitelabel,
  • Banking Providers
  • Custom Development Service,
  • Custom Reports,
  • Digital Excellence,
  • Full Multi-Currency Support,
  • Mobile App,
  • Proven Agility,
  • Sustainability,
  • Transparency,
  • Visionary Purpose

Assets supported

  • Alternatives,
  • Art & Collectibles
  • Bankable or Financial Assets & Funds,
  • Art & Collectibles,
  • Commercial,
  • Commodities,
  • Cryptocurrency,
  • Developed Markets,
  • Developing Markets,
  • Digital Assets & Cryptocurrencies
  • Direct Private Equity,
  • Equities,
  • Fixed Income,
  • Foreign Exchange,
  • Gold & Precious Metals,
  • Insurance,
  • Hedge Funds,
  • Infrastructure,
  • Lifestyle Assets & Rare Collectibles,
  • Music Royalty,
  • Private Debt,
  • Private Equity,
  • Private Equity & Direct Investments,
  • Private Equity Funds,
  • Real Estate,
  • REITS,
  • Residential,
  • Venture Capital,
  • Warehousing & Industrial

Compliance

-

Whitelabel

  • Yes


  • Accounting
  • Consolidated reporting
  • Compliance (e.g. AML, KYC, regulatory reporting)
  • Portfolio management
  • Trading (execution on platform)
  • Trading (orders only)
  • Data aggregation


  • User interface
  • End client experience (client portal)
  • Data quality/data integrity
  • Exceptional service model
  • Billing
  • Trading/rebalancing
  • Sophisticated report output
  • Business intelligence


  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewelry)


  • RCI
  • SmartRIA


  • Yes

Technology
Type Of Software

  • SAAS,
  • Fully Standalone,
  • Serviced Software

Ecosystem

-

Integrations

We offer a wide range of software integrations to meet the needs of our clients. Key integrations include API connectivity with leading financial platforms, trading systems and CRM systems. Additionally, we support integrations with data analytics tools, and custodial platforms to ensure seamless operations and comprehensive data management across your organisation.

Mobile App

  • Yes

-


  • Serviced Software
  • SaaS


  • 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


  • Microsoft
  • Linux


  • More than 55 pre-built integrations with other software solutions. We have a robust open API for custom integrations as well. Some key integrations are listed below:
    1. – CRM: Salentica, Redtail, Salesforce
    2. – Trading & rebalancing: Redblack, Blaze, iRebal
    3. – Financial planning: eMoney, RightCapital, MoneyGuidePro, Advizr, Libretto
    4. – Risk management: RCI, Hidden Levers
    5. – Custodian: Schwab, Fidelity, Pershing, Raymond James, LPL, Goldman Sachs
    6. – UMA/SMA: Adhesion, SMArtX


  • Yes