Watch this brief video to see how Black Diamond can connect the dots of an advisor’s practice so they can connect with their clients.
Keeping Clients Engaged Using Technology
In a recent interview with Asset TV, Steve Leivent, Co-General Manager of SS&C Advent, shared his thoughts on leveraging technology to best engage with clients.
The Right Partner. The Right Technology.
This detailed video reviews key features of the Black Diamond Wealth Platform.
Client-focused Tech That Works Like An Advisor
Black Diamond’s Client View application provides a centralized and powerful command center for advisors.
The goal of this page is to keep you connected with the work that we are doing at SS&C Advent and Black Diamond.
Not finding what you are looking for? No problem, simply email me as I’d be happy to help.
- David Edstrom
Meet the Sales Team
To serve the unique needs of your clients and prospects, our sales team serve territories based on a firm’s location and asset size. Feel free to reach out to anyone on the team as they are ready to help.
Every six weeks, the Black Diamond team releases platform enhancements that ensure your advisors are compliant and have access to the latest, innovative functionality. Learn more about some of our most recent enhancements.
[COMING SOON]
Financial Future Focus
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.
[April 2022]
ESG Insights
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.
[April 2022]
Tradable Assets Now Considerable as Cash Equivalents Within Rebalancer
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.
[March 2022]
Rebalancer: Enhanced Functionality for Raising Cash
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.
[December 2021]
A New Tax Lot Methodology
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.
[December 2021]
Streamlined Client Setup Workflows
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.
[December 2021]
Load Client View's Portfolio & Reporting Spaces Without Relationship Association
Firm users are now able to use Client View whether or not a portfolio or account is associated with a relationship.
[September 2021]
Rebalancer Dashboard Insights
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.
[September 2021]
Reporting Flexibility
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).
[August 2021]
Session Analysis for Rebalancer
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.
[August 2021]
Business Intelligence Gains Fixed Income and Alternatives Reporting
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.
[June 2021]
Insurance Dashboard Within Client View
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.
[June 2021]
Additional Rebalancer Advancements
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.
[June 2021]
Upgrade to Client View Portfolio
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.
[April 2021]
Raymond James Management Fee Export
A custodial export formatted specifically for Raymond James is now available within Finalized Billing Runs. This provides the ability to export fee data in a format that is directly unloadable to the custodian without any adjustments.
[April 2021]
DocuSign® Integration
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.
[April 2021]
Rebalancer Advancements
A number of noteworthy advancements to Rebalancer were made. Including:
Summary tab editing
Cash buffer tolerance bands
Price refreshing during the trade review process
And more
[April 2021]
eMoney Single-Sign-On
Seamless access between Black Diamond and eMoney is now possible thanks to bi-directional single-sign-on for both advisors and their clients.
To help you learn more about the Black Diamond® Wealth Platform, please reference some of our most commonly requested marketing materials below.
Product Previews & Key Functionality Demos
Watch these short videos for a detailed overview of some of our key pieces of functionality within the Black Diamond Wealth Platform.
Client View Demo
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.
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.
This firm was easily able to address the need to work from home during the pandemic, while also providing an exceptional level of service to their clients.
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.
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.
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.
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.
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.
Additional offerings from within the SS&C Advent Ecosystem.
Advent Genesis Product Brief
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 Moxy® OMS.
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.
Check out the depths of our powerful relationship below.
1,900+
Total firms on Black Diamond
$2T+
Assets under administration on Black Diamond
3.2M+
Total accounts on Black Diamond
350K+
Active firm and client users
121
Raymond James Firms using Black Diamond
$35B+
Assets under administration from mutual Raymond James - Black Diamond firms
93K
Raymond James accounts feed daily into Black Diamond
393
Mutual Raymond James and SS&C Advent firms
David Edstrom
Channel Manager
Please let me know if you have any questions at all about the Black Diamond Wealth Platform or any of SS&C Advent’s other best-in-class solutions. I am available and ready to help, no matter how big or small the request.
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