Advisors now have the ability to quickly see why a client account or portfolio triggered a Monitor exception. Whether asset classes are out of tolerance or accounts are short of cash, users can now view more detailed information as they decide whether or not to take action on their client's behalf.
We have launched additional benchmarking capabilities, alternative investment reporting flexibility, and more. Advisors should contact their Client Representative to turn on these exciting new features. Areas where Reporting Flexibility features have been introduced or enhanced include Client View (enhanced), Client Experience Portal (new), Advisory Reports: Alternative Investments (enhanced), Client Reports: Performance Reporting (enhanced).
Search and view all the trades for a given session holistically. Within the experience, advisors can also choose to add a trade as well as make any edits to quantity, price, or value for existing trades.
Review fixed income and alternatives reporting for non-relationship related portfolios within the Advisor Reports area of the Business Intelligence application. With the upcoming retirement of the legacy Portfolio View application, Business Intelligence is the new home for insights into portfolio exceptions not part of a relationship.
Here advisors can launch straight into exploring commission-free solutions and leverage a range of resources that make it easy to implement insurance as part of their clients' financial plans. The space also displays a relationship-specific account list of selected policies detailing the carrier, current market value, tax status, and more so they can analyze the information in the context of a client’s entire financial life.
Trades can now be added from directly within the Trade Blotter page for increased efficiency. Plus, more robust trade warnings, the option to restrict trading based on classification data, and insights into the last time a client was rebalanced have also been added.
Highlights include upgraded reporting content with more extensive data options and performance optimization along with settings management customization for Firm Administrators that extends all the way down to the card level. In addition, holistic relationship level visualizations and filtering for custom-defined relationship, portfolio, account, asset, and holding tags/groups will be added later this year.
Document-signing workflows are now available. The integration incorporates client reminders through the To-Do-List, automatic envelope and recipient creation, advisor notifications upon completion, Vault storage, and more.
A number of noteworthy advancements to Rebalancer were made. Including:
Seamless access between Black Diamond and eMoney is now possible thanks to bi-directional single-sign-on for both advisors and their clients.
Within Rebalancer, Fidelity is now supported for mutual fund trading.
Home is a dashboard providing a well-rounded relationship snapshot and connection to where firms need to go using their choice of configurable widgets. Along with pertinent insights from across Client View, Home also features Rebalancer and Billing specifics and will launch users directly into client-related workflows.
We’ve streamlined how firms can set up and manage relationships. Clients can now ensure a firm user’s relationship access coincides with their account access using an automated sync. In addition, all firms using the daily feed with the Redtail CRM integration now have access to the relationship and contact sync.
From the Connections menu, clients can use single-sign-on to launch directly into the marketplace.
The Accounts Receivable system is designed to identify fees billed against those which have been received to provide current and outstanding revenue information. The functionality is also designed to work with the use of Billing Accounts, Pay by Invoice Accounts, as well as with Fee Attribution. This is now available as an optional feature and can be activated upon request.
Specific tax lots can now be selected during sales transactions. Firms now have the ability to override an account's tax lot disposition method by directly indicating which tax lots should be disposed for a given asset's sale transaction. Firms can quickly identify the lots that are being disposed for a sale transaction on the Trade Tab within the Trade Order of a specific client by selecting the arrow next to each sales transaction.
Firms can bulk invite, or re-invite, their clients to the portal and gain visibility into their usage through the improved Client User page within your Client Experience application.
Advisors are able to create tasks for clients to view within their Client Experience portal, eliminating the need to send extra communications for tasks like document signing.
To-Do List Features:
Black Diamond's Client View application consolidates all client-centric details, workflows, and third-party integrations already found within Black Diamond into a single, interconnected command center. Client View enables advisors to consolidate and access their client's entire financial lives.
Advisors can take the pulse of their business, identify trends and outliers, and examine the finer details of advisor performance and their client relationships. Granular permission controls, compliance-ready formats, report automation, and more make oversight manageable while providing a 360-degree view into your practice.
Black Diamond's Rebalancer provides daily reconciliation allowing advisors to see what accounts or households need attention from a trading perspective. The robust modeling framework, proactive monitoring, straight-through trade processing, and tax-efficient capabilities keep even the most complex portfolios aligned with a client’s goals.
Through a custom-branded, interactive client portal, advisors can document advisor-client communications, showcase dynamic portfolio metrics, post to a secure document vault, incorporate outside account aggregation, balance sheet reporting, and more.
Advisors can itemize their value by structuring fees in a way that makes sense to both the advisor and their clients. The countless configuration settings and built in workflows allow a streamlined process, eliminating the need to run billing more than once per period.
This video shows how Client View works as an advisor’s one-stop-shop and data command center that supports a more personalized approach to managing their client's financial life - past, present, and future.
This detailed 7 minute demo video reviews key features of the Black Diamond Wealth Platform.
Our platform provides firms with tools to operate efficiently and deliver a sophisticated, modern client experience.Learn More
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Robust functionality from Black Diamond’s Rebalancer gives firms the upper hand they need to be competitive in this tech-forward industry.Learn More
Through the Black Diamond Client Experience portal, you can offer a customizable, firm-branded, and interactive online environment that your clients can access anytime, anywhere.LEARN MORE
The latest intuitive application within Black Diamond that is home to all of an advisor’s client communication and financial management needs.Learn More
From day one, a firm’s past data is ready to use. They will not need to toggle back and forth between disparate systems to manage their client’s portfolio.Learn More
Designed with Breakaway Advisors in mind. From our specialized and confidential implementation process to the turn-key cloud-based solution, you will be implemented, ready to service clients and get paid from day-one.Learn More
A fully-integrated cloud-native solution complete with customizable and robust household performance reporting, alternatives data aggregation, an immersive client portal, and seamless connections to a vast ecosystem of smart integrations.Learn More
A scalable, cloud-native platform that provides compliance confidence through pre-approved reporting templates and user-permission controls. In addition, our advanced technology's intuitive design is an added value for IBDs looking to recruit new and younger advisors.Learn More
To maintain their successful growth rate in today’s more complex and competitive environment, Portfolio Solutions® needed to make a strategic pivot from focusing on specialized investment management to offering a full suite of wealth management services.Learn More
Here is a sample of the robust and customizable reporting that is available to advisors. This report will help to provide the complete wealth picture of an advisor’s investors.Learn More
With Black Diamond’s industry proactive, personalized service model, advisors experience an elite combination of technology and service.
From day one, an expert implementation team works hand-in-hand with advisors to make their platform migration as smooth as possible.
Listen as Steve Leivent, SVP, Co-General Manager SS&C Advent, discusses new innovations that have expanded the breath of our offering and the scope of our core capabilities.
Hear from Amy as she discusses how Black Diamond’s commitment to innovation and service helps her firm deliver for their growth-oriented advisors.
Genesis is a highly scalable, cloud-based portfolio construction and rebalancing solution and is part of the Advent Investment Suite, it is designed to work in concert with SS&C Advent’s
Easy to use and quick to deploy in the cloud, Elements instantly upgrades a firm’s relationship management and customer experience without having to replace their entire tech stack.
Black Diamond® Link allows a firm to take advantage of key features of our award-winning, cloud-based Black Diamond platform without undergoing a system migration.
Advisors can access commission-free insurance and annuities to grow their practice and delivers greater client benefits-right from their desktop.