LedgeX vs Black Diamond Wealth Platform
You are looking for alternatives to LedgeX. Here you can compare the best Investment Management Software and other family office technologies based on our annual benchmark and comparison surveys.

Ledgex
Category
Portfolio Management
USA based, Ledgex Pro is comprehensive portfolio management and accounting suite designed specifically for family offices to help them with data quality & control, portfolio accounting, general ledger, performance & analytics reporting, modelling, and beneficial owner tracking.
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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.
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Employees
11-50
Revenue
–
Founded
2010
Ownership
Privately owned
Incorporated
- United States of America
Locations
- Waltham, Massachusetts
Top markets
–
Total AUM
–
Avg. AUM per client
$500 million – $1 billion
- 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
- Multi-family offices
Serves also
- Complex asset owners
Number
- 15
- Independent financial advisors
- Single-family offices
- Multi-family offices
- Independent financial advisors
- Registered investment advisors
- +1.800 firms
Product
Main Tasks
- Data aggregation and management for all transactions and market values
- Review and approval of transaction and market value entries
- Tax lot processing and reporting
- General ledger processing
- Financial reporting
- Beneficial owner management and reporting
- Portfolio modeling
- Cash flow modeling
- Exposure monitoring and reporting
- Performance and analytics reporting
- Entity management
Top features
- Data aggregation and management
- Data confidence index reporting
- Side by Side ABOR vs IBOR Reporting
- Beneficial ownership
- Liquidity forecasting
- Entity management
- What-if/Portfolio modeling
- Exposure reporting
- Lookthru reporting
Assets supported
- Public funds (partnerships, offshore funds, unitized funds, mutual funds/ETFs, etc)
- Private investments (private equity, venture capital, REITs, etc)
- Any commitment-based funds
- Marketable Securities
- Trusts
- Cash and liquid assets
- Personal assets (real estate, vehicles, artwork, etc)
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
SaaS
Security
–
Ecosystem
- Azure PaaS and IaaS
Integrations
- Data feeds
- OCR integration
- CRM integration
- 3rd party general ledger systems
- Document storage solutions
- AP/Bill pay
- Data warehouse
Mobile App
No
- 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:
- – 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
- Yes