Black Diamond Wealth Platform vs FundCount

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.
Go back to Black Diamond Wealth Platform
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.

Read more
FundCount Logo

FundCount

Category
Portfolio Management

FundCount is a unified accounting and investment analysis solution that improves operational efficiency and brings actionable intelligence to investment management professionals. Based on a general ledger, they started in the hedge fund space but today provide fund- and partnership accounting to a wide range of asset- and wealth professionals with offices in Europe, North America, Asia and Australia.

Read more
Company
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


-


  • 1999


  • Owned by management


  • United States of America


  • Boston
  • London
  • Singapore
  • Sydney
  • Zurich


  • Australia
  • Switzerland
  • United Kingdom
  • United States of America


–


–

Client
Focus

  • Independent financial advisors

Serves also

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

Number

  • +1.800 firms


  • Multi-family offices


  • Individual wealth owners
  • Single-family offices
  • Fund managers


–

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
  • CRM
  • Portfolio management
  • Data aggregation


  • Partnership accounting
  • Portfolio accounting
  • Unified general ledger
  • Consolidated reporting
  • Investor portal
  • Data aggregation


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


–


  • No

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:
    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

Mobile App

  • Yes


  • SAAS
  • Fully standalone


  • Attestation that a formal QA and security review is done on the FundCount software
  • Proof of internal vulnerability scan of the application
  • Proof of source code security testing/scans


  • Java


  • FundCount Connect is a technology enables the collection of data from disparate data sources (custodians, alternative fund administrators, proprietary data warehouses, market data providers, and other systems) with a powerful Extract-Transform-Load tool.
  • FundCount AppUniverse is a library of best-of-breed applications and services that seamlessly integrate with FundCount. The AppUniverse includes Zapier, one of the largest integration hubs, expanding FundCount integration capabilities to over 2,000 applications and systems.
  • FundCount Custom Control is a module that lets you create powerful Excel workbooks to handle unusual fee calculations, custom allocation models, waterfalls, reports, and other custom functions or processes that software can’t reproduce.


  • No