Black Diamond Wealth Platform vs Orca
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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 moreOrca
Category
Governance
Developed in Switzerland, Orca offers a modern governance software that provides a secure, intuitive way to store and share sensitive financial information and reporting that facilitates productive discussions on wealth structuring, tax, compliance, succession planning, family reporting and more.
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
- 0–20
–
- 2017
- Owned by management
- Key staff also have ownership
- External investors (neither clients nor staff)
- Switzerland
- Zurich
- Switzerland
- United States of America
- Liechtenstein
- Germany
- Hong Kong
-
- According to our high-security standards, ORCA can not access
and see client data.
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
- Trust companies
- Corporations
- Investment companies
- Law firms
–
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
- Compliance
- Governance
- Data aggregation
- Structured charts
- Automated way of forwarding documents via Email into software
- Balance sheet in a simple format
- Collaboration of readers and editors
- Private equity
- Bankable assets
- Real estate
- Rare collectibles
- 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. 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
- Encryption and decryption (256-bit) of data takes place in cleint’s browser
- Encryption and decryption (256-bit) of data is only possible with knowledge of password
- 2FA process
- Own software ecosystem
-
- No