The Black Diamond Wealth Platform by SS&C Technologies is a comprehensive, cloud-based portfolio management and reporting solution designed specifically for financial advisors, wealth managers, and family offices. It provides a seamless, end-to-end experience that combines portfolio management, client reporting, billing, rebalancing, and client engagement tools in a single, unified platform.

Key Features:

1. Portfolio Management: Black Diamond offers robust portfolio management capabilities, including performance tracking, investment analysis, and risk assessment. It provides advisors with a detailed view of client portfolios, enabling them to make informed investment decisions and optimize asset allocations.

2. Client Reporting: The platform allows advisors to create customizable, professional reports that showcase portfolio performance, holdings, and transactions. The reports are easy to generate and can be personalized to meet the specific needs of clients, enhancing transparency and client communication.

3. Client Portal: Black Diamond includes a client portal that provides clients with 24/7 access to their financial information, including portfolio performance, investment allocations, and account balances. The portal is designed to enhance client engagement by providing a secure and interactive experience.

4. Billing and Invoicing: The platform automates the billing and invoicing process, helping advisors manage fee calculations, generate invoices, and track payments efficiently. This feature reduces the administrative burden and ensures accuracy in client billing.

5. Rebalancing: Black Diamond includes a rebalancing tool that helps advisors maintain their clients’ target asset allocations. The tool analyzes portfolios and suggests trades to keep investments aligned with client goals, risk tolerance, and investment strategies.

6. Data Aggregation: The platform aggregates data from multiple custodians, providing advisors with a comprehensive view of client accounts. This integration streamlines workflows and enhances the accuracy of financial data used for reporting and analysis.

7. Workflow Automation: Black Diamond’s workflow automation features help advisors streamline daily operations, including task management, compliance tracking, and client onboarding. These tools improve efficiency and reduce the time spent on manual processes.

8. Mobile Access: The platform offers mobile access for both advisors and clients, allowing them to view account information, reports, and notifications on the go. This mobile capability ensures that advisors can provide timely updates and stay connected with clients at all times.

Benefits:

• Enhanced Client Engagement: The client portal and customizable reports improve communication and transparency, helping advisors build stronger relationships with their clients.

• Operational Efficiency: Automation of billing, reporting, and rebalancing tasks reduces administrative workload, allowing advisors to focus more on client-facing activities.

• Data Integration: Aggregation of data from various sources provides a unified view of client portfolios, improving decision-making and portfolio management accuracy.

• Scalability: The platform’s flexible design makes it suitable for firms of all sizes, from independent advisors to large wealth management firms.

Target Users:

Black Diamond Wealth Platform is ideal for financial advisors, wealth managers, registered investment advisors (RIAs), and family offices seeking a comprehensive solution to manage client portfolios, enhance client engagement, and streamline operational workflows.