Black Diamond vs Asset Vantage Comparison

You are looking for alternatives to Black Diamond. Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys
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black diamond, family office software, portfolio management software, consolidated reporting software

Black Diamond

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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Asset Vantage, family office software, portfolio management software, consolidated reporting software

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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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


50-100


-


2011


  • Owned by management
  • External investors


United States of America


  • Stamford
  • Mumbai
  • Pune


  • United States of America
  • India
  • United Arab Emirates
  • Saudi Arabia
  • Australia / New Zealand


-


100M$

Client
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


Single-Family Offices


  • Individual Wealth Owners
  • Multi family offices
  • Financial advisors
  • Accounting Firms


  • 200+ SFOs
  • 10 MFOs
  • 10 CPAs

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)

Compliance

-

Whitelabel

Yes


  • Accounting
  • Consolidated Reporting
  • Portfolio Management
  • Data Aggregation
  • Document Management


  • Wealth Register
  • Period performance & benchmarking
  • Partnership look-through
  • Private Equity Global traded asset pricing
  • General Ledger Balance Sheet
  • Income Statement
  • Trial Balance
  • Custodian transactions sync & reconciliation
  • Document Vault
  • Check Writing


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


GDPR


Yes

Technology
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


  • SAAS
  • Serviced Software


  • TLS (HTTPS) end to end
  • Unique client URLs tied to a VPN
  • Encryption for data at rest
  • Partners for VAPT
  • Unique Database and URL


Linux


Will be applicable from 2021


Yes

Simple solutions for complex times.