IQ-EQ vs Black Diamond Wealth Platform

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IQ-EQ

IQ-EQ

Category
Outsourced solutions

IQ-EQ combines one of the best in class accounting systems for closed-end funds or private assets (FIS Investran) and open-ended funds or public securities (Paxus) with best in class online visualisation technology. No need for in-house developers, as we have our own development team.

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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.

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Company
Employees

  • 5000+

Revenue

-

Founded

  • 1896

Incorporated

-

Locations

  • Amsterdam
  • Belfast
  • Bermuda
  • British Virgin Islands
  • Brussels
  • Cape Town
  • Cayman Islands
  • Cebu City
  • Curacao
  • Dallas, Texas
  • Dubai
  • Dublin
  • Geneva
  • GIFT City
  • Guernsey
  • Hyderabad
  • Isle of Man
  • Jersey
  • London
  • Luxembourg
  • Miami
  • Mumbai
  • Newcastle
  • New York
  • Nicosia
  • Paris
  • Pasig City
  • Port Louis
  • Shanghai
  • Sheung Wan
  • Singapore
  • Tokyo

Top 5 Markets

  • United Kingdom
  • United States of America
  • Singapore
  • Luxembourg
  • United Arab Emirates

Total AUM

-

Avg. AUM per client

-

Ownership

  • Key staff also have ownership
  • Owned by a larger corporation


  • 500+


  • $4.633 million


  • 2003


  • Owned by a larger corporation


  • United States of America


  • Jacksonville
  • Florida
  • New York
  • San Francisco
  • California


  • United States of America


  • $1.9 trillion


  • $1.2 billion

Client
Focus

  • Single-family offices

Secondary focus

  • Individual wealth owners,
  • Single-family offices
  • Multi-family offices,
  • Investment & Financial Advisors (RIAs/IFAs)
  • Fund managers
  • Banks
  • Pensions
  • Endowments
  • Foundations
  • Funds of funds

-


  • Independent financial advisors


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


  • +1.800 firms

Product
Main Tasks

  • Consolidated Reporting
  • Data Aggregation
  • Portfolio & Cost Analysis
  • Developers
  • Data
  • Compliance
  • Investing Technology
  • Real Estate

Top features

  • Mobile App
  • Custom Reports
  • Full Multi-Currency Support
  • Custom Development Service
  • Ability to Whitelabel

Assets supported

  • Art & Collectables
  • Alternatives
  • Bankable or Financial Assets & Funds
  • Cash & Equivalents
  • Commercial
  • Commodities
  • Rating Agency
  • Impact Funds & Deal Platform
  • Developed Markets
  • Developing Markets
  • Direct Private Equity
  • Fixed Income
  • Foreign Exchange
  • Equities
  • Hedge Funds
  • Gold & Precious Metals
  • Infrastructure
  • Insurance
  • Lifestyle Assets & Rare Collectibles
  • Private Debt
  • Private Equity
  • Private Equity & Direct Investments
  • Private Equity Funds
  • Real Estate,
  • REITS
  • Warehousing & Industrial
  • Venture Capital
  • Residential

Compliance

-

Whitelabel

  • Yes


  • Accounting
  • Consolidated reporting
  • Compliance (e.g. AML, KYC, regulatory reporting)
  • Portfolio management
  • Trading (execution on platform)
  • Trading (orders only)
  • Data aggregation


  • User interface
  • End client experience (client portal)
  • Data quality/data integrity
  • Exceptional service model
  • Billing
  • Trading/rebalancing
  • Sophisticated report output
  • Business intelligence


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


  • RCI
  • SmartRIA


  • Yes

Technology
Type Of Software

  • Serviced software

Ecosystem

-

Integrations

  • IQ-EQ Navigator
  • IQ-EQ gVUE
  • IQ-EQ Compass
  • IQ-EQ Connect
  • Max Comply
  • Yardi
  • ALLVUE
  • Diligend
  • Enfusion
  • Box
  • Snowflake
  • Novata
  • Power BI
  • Freyda
  • FIS Capital Suite
  • Trident Connect
  • Tableau

Mobile App

  • Yes

-


  • Serviced Software
  • SaaS


  • 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


  • Microsoft
  • Linux


  • 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


  • Yes