Client View is the advisor’s window to their client’s past, present, and future financial life. Therefore, accurate and complete planning data is paramount to achieving their client's financial goals. Starting with Right Capital, we will immerse planning data into our platform holistically, which will connect the advisor’s client's financial life to Client View, their Client Portal, and communication capabilities like the Relationship Timeline, and the Client To-Do List.
We are currently capturing and storing the primary metrics for Environmental, Social, and Governance (ESG) reporting provided by Sustainalytics. In addition, we are working to make these metrics available in Data Mining and Security Master. These capabilities will be available towards the end of 2022.
We are working to create a holistic experience for how clients interact with their plans, goals, and dreams, ensuring they remain on track for success. As a result, we are excited to launch a new Financial Planning space with RightCapital as our initial integrated partner.
We look forward to offering a new reporting topic to our InnoTrust clients. The offering for Principal and Income (P&I) reporting will be within the Allocation reporting areas. Additionally, we are introducing five new data points within the Client View, Client Portal, and Client Reporting apps.
We are currently creating a data sync between Rebalancer Strategies and Reporting Targets. This enhancement will alleviate duplicate entries for our Rebalancer clients and create consistency between the two applications.
Previously, users were only able to add cash as a component at the strategy level. We received feedback on an option to manage a cash allocation at the model level. Moving forward, users will have the ability to add cash as a model component at both the strategy and model levels.
With this new enhancement, we’ve made it easier for users to accommodate unique model requirements while not having to manage multiple strategies. Formerly, if a client required a model that deviated from its assigned strategy, a new strategy was created to support it. Users can now assign alternative models at the program or client level that will override what’s in the strategy.
Clients look to advisors to understand their values and help them make decisions about their future. In addition, investors are increasingly interested in understanding if their investments align with their values. Incorporating ESG data into the platform allows advisors to provide transparency and insights that demonstrate the deep knowledge of their client's interests and values that drive their financial life. We’re collaborating with Morningstar Sustainalytics to deliver turnkey access to powerful, comprehensive ESG and analytics reporting.
Previously, only sweep money markets were able to act as cash in the Rebalancer. We’ve added an option to consider tradeable assets as cash equivalents for cash buffers and generating trades.
We are updating how we handle accounts that are short of the cash buffer, and the option to select Ensure Cash Buffers Are Fulfilled. Based on client feedback, before reverting to the current methodology, we will sell overweight positions to target weighting if the buffer is not met.
Goldman Sachs is available as a FIX connection. FIX®-eligible trades are sent directly from our Rebalancer to the executing party.
We are adding a new tax lot methodology that focuses on maximizing losses. This tax lot methodology will be available for all Black Diamond clients and is available to leverage within the Rebalancer.
Setting up Client Relationships allows users to see a more robust, holistic view of client details. To help streamline the contact and client user creation workflow, we have added a modal prompting advisors to create a client user when clicking “save” at contact creation.
Firm users are now able to use Client View whether or not a portfolio or account is associated with a relationship.
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.
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
Learn more about Black Diamond’s unique distinguishing characteristics.Learn More
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.
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