Black Diamond Wealth Platform vs Arch
You are looking for alternatives to Black Diamond Wealth . Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys.
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.
Read more
Arch
Category
Data Aggregation
New York-based Arch provides an intuitive, digital investment admin platform that tracks data from all private investments. Arch’s automated system collects K-1s, manages cash flows, and provides reporting-ready data, removing the need to access 3rd party portals.
Read moreCompany
Employees
- 500+
Revenue
- $4.633 million
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
- $1.9 trillion
Avg. AUM per client
- $1.2 billion
- 50-100
–
- 2018
- External investors
- Key staff also have ownership
- Clients are also owners
- United States of America
- New York City
–
–
-
Client
Focus
- Independent financial advisors
Serves also
- Single-family offices
- Multi-family offices
- Independent financial advisors
- Registered investment advisors
Number
- +1.800 firms
- Single family offices
- Individual wealth owners
- Multi-family offices
- Investment & Financial Advisors (RIAs/IFAs)
- Custodians
- Banks
- Accountants
- Fund of funds
- Individuals: 20%
- Single Family Office: 40%
- Multi-Family Office/RIA: 30%
- Institution/Banks: 10%
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
- Billing
- Trading/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
- RCI
- SmartRIA
Whitelabel
- Yes
- Consolidated Reporting
- Data Aggregation
- Data Validation
- Data Processing
- Tax Document Collection
- Task Management
- Cash Flow & Capital Call Management
- Digital Excellence
- Transparency
- Bankable or Financial Assets & Funds
- Lifestyle Assets & Rare Collectibles
- Private Equity & Direct Investments
- Real Estate
–
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. We have a robust open API for custom integrations as well. Some key integrations are listed below:
- – CRM: Salentica, Redtail, Salesforce
- – Trading & rebalancing: Redblack, Blaze, iRebal
- – Financial planning: eMoney, RightCapital, MoneyGuidePro, Advizr, Libretto
- – Risk management: RCI, Hidden Levers
- – Custodian: Schwab, Fidelity, Pershing, Raymond James, LPL, Goldman Sachs
- – UMA/SMA: Adhesion, SMArtX
Mobile App
- Yes
SaaS
–
–
Addepar, BlackDiamond, Advent APX, Orion, Masttro, SEI Family Office Services – Archway, and other performance reporting systems as requested.
No
