Black Diamond Wealth Platform vs Sensiba

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Black Diamond Wealth Platform

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.

Sensiba

Accounting

Sensiba provides best-in-class technology tools suited for each client’s situation, preferences, and needs, backed with robust security and unparallel visibility through custom dashboards. They are a certified Sage Intacct Partner and have deep expertise in cloud-based technology solutions.

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

100-500

1977

Key staff also have ownership

United States of America

Pleasanton, CA
Bend, OR
Fresno, CA
Portland, OR
San Jose, CA
San Mateo, CA

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

Single family offices

Individual wealth owners
Multi-family offices
Endowments
Foundations
Software and technology providers

17 single family offices
2 multi-family offices
3 foundations
6 software

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

Accounting
Consolidated Reporting

Custom development service
Digital excellence
Visionary purpose
Custom reports

Cash & equivalents
Private equity
Direct private equity
Foreign Exchange
Lifestyle Assets & Rare Collectibles
Real Estate
Residential

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:
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

SAAS

Other

Bill
Knowledger
Banking through Sage Banking Cloud
Credit Cards

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