Black Diamond Wealth Platform vs Centtrip
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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 moreCenttrip
Category
Accounting
Founded to meet the demands of clients with complex, cross-border affairs, Centtrip supports family offices with a tailored, single solution for expense management and payments. Centtrip provides a flexible and secure, single solution, assisting family offices in managing and controlling their expenditure whether that be domestic or international.
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
- 11–50
-
- 2015
- External investors (neither clients nor staff)
- United Kingdom
- London
- Miami
- Amsterdam
- United Kingdom
- Switzerland
- United States of America
- Benelux
- Scandinavia
-
-
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
- Multi-family offices
- Individual wealth owners
- Yacht management business
- Private aviation business
- International touring artists and musicians
-
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
- Accounting
- Consolidated reporting
- Governance
- Trading (execution on platform)
- Multi-currency cards, payments and foreign exchange
- Deposit funds in 15 major currencies
- Hold up to £350.000 balance per card in up to 15 currencies
- Spend up to £150.000 in a single transaction
- ATM withdrawals up to £4.000 per day
- Buy and sell in 140 different currencies
- Capture receipts and manage all expenses in one place
- Instant visibility and control over multiple accounts
- Set personal limits and spend notifications
- Integrate with major accounting packages
- Real-time 24/7 reporting across all transactions
-
- MiFID II
- GDPR
- Centtrip is an FCA-regulated electronic money institution
- 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
- AWS cloud environments with all the necessary network configuration, encryption and monitoring to ensure high levels of security
- Multi-factor authentication
- Proprietary platform which integrates with other third-party systems using API technology.
- Xero and Sage accountancy package integrationAny software through our public API
- Yes (iOS, Android)