Asset Vantage vs Black Diamond Wealth Platform

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Asset Vantage

Asset Vantage

Category
Consolidated Reporting

Based in the USA, Asset Vantage offers an intelligent technology platform leveraging integrated performance reporting and general ledger technology. Providing a consolidated view of the family office's entire net worth, Asset Vantage is a tool for single family offices, multi family offices and CPA firms to gain a holistic view of financial health.

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bill-logo-simple

BILL

Category
Accounting

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

  • 80-100

Founded

  • 2011

Ownership

  • Owned by management
  • External investors

Incorporated

  • United States of America

Locations

  • Stamford, CT, USA
  • Mumbai, India
  • Pune, India
  • Singapore

Top markets

  • United States of America
  • India
  • GCC – (UAE, Bahrain, Oman, KSA)
  • Far East Asia


  • 500+


  • $157 million (2020)


  • 2006


  • Public company (NYSE: BILL)


  • United States of America


  • San Jose, California & Houston, Texas (USA)


  • United States of America


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Client
Focus

  • Single-family offices
  • Multi-Family Offices

Serves also

  • Individual Wealth Owners
  • Financial advisors
  • Accounting Firms
  • Trust Companies
  • Banks & Institutions

Number

  • 400+ Global families served


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


  • Individual wealth owners
  • Banks


  • More than 110k small and mid-sized segments
  • More than 2.5 million network members

Product
Main tasks

  • Data Aggregation – All Assets, Bank/Cash
  • Integrated Accounting
  • Partnership Accounting
  • Portfolio Analytics – Multi-Currency
  • Custom Dashboards
  • Document Management

Top features

  • Consolidated view across all liquid and illiquid Asset Classes & Entity Structures
  • Multi-Period performance & benchmarking
  • Partnership accounting and entity look-through
  • Global listed equities & fixed income traded asset pricing
  • Integrated General Ledger
  • Consolidating & Multi-Period Balance Sheet & Trial Balance
  • Consolidating & Multi-Period Income Statement
  • Capital Flow Reporting
  • Fully Configurable & exportable widget dashboard across Performance Reporting
  • Custodian transactions sync & reconciliation
  • Document Vault
  • Integration with Bill.com and Arch
  • Check Writing
  • User Permissions & Entitlements
  • Transparent Pricing

Assets supported

  • Bankable Assets
  • Private Equity
  • Real Estate
  • Derivatives
  • Private Assets (e.g. collectables, luxury cars, boats, high-value art, etc)
  • Venture Investments

Compliance

  • SOC2 Type 2
  • SOC/SOC 2

Whitelabel

  • Yes


  • Accounting
  • Data aggregation
  • Consolidated reporting


  • Efficient AP/AR end-to-end workflows
  • Multiple payment options (e.g., check, ACH, wires, virtual card)
  • Advanced, customizable approval workflows
  • Automatic sync with key accounting systems
  • Intelligent virtual assistant eliminates data entry
  • Unlimited online document storage
  • Easy audit-ready trails
  • Online and mobile access
  • Robust reporting options
  • In-product live chat
  • Simple onboarding and fast setup


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  • Yes

Technology
Type Of Software

  • SaaS/Serviced Software

Security

  • SOC2 certified
  • VAPT certified
  • Encryption for data at rest – AES 256  & transit – TLS 1.2 & 1.3
  • Unique database & URL 
  • Regional cloud presence
  • Single Sign-on & Multifactor authentication

Ecosystem

  • Linux

Integrations

  • Arch
  • Bill.com
  • API Integrations available

Mobile App

  • Yes


  • SaaS


  • 2-factor authentication & single-sign-on (SSO)
  • SOC 1 and SOC 2 attested
  • Encrypted using Transport Layer Security (TLS)
  • Protection against check fraud using automated Positive Pay service
  • Partners with a PCI certified vendor for credit card payments
  • More information here


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  • General ledger (automated sync): QuickBooks, Xero, Sage Intacct, NetSuite, Microsoft GP/BC
  • CRM: Salesforce, Proposify
  • Spend/expense management: Divvy, Expensify, Tallie, ReceiptBank
  • Document storage: Hubdoc
  • Mailing: Earth Class Mail
  • Project management: WorkflowMax
  • Tax 1099


  • iOS
  • Android