SS&C Technologies combines wealth services under a unified system
SS&C Black Diamond Wealth Solutions, an integrated platform from SS&C Technologies Holdings, is revolutionising the wealth management landscape for trust companies and financial firms. This cloud-based system offers a unified ecosystem for managing the full client lifecycle, from fiduciary oversight and accounting to investment management and client engagement.
A Comprehensive, Adaptable Solution
The platform's real-time, scalable, and customisable architecture makes it an ideal fit for firms of all sizes and complexities, ensuring workflow efficiency and data consistency across the board. With robust CRM integration, it offers multiple configurable options such as Edge, Elements, and Engage, designed to scale with firms and support complex multi-line businesses.
Institutional-Quality Tools for Wealth Management
SS&C Black Diamond Wealth Solutions equips users with institutional-quality trading tools, tax-efficient rebalancing, model portfolios, personalised proposal generation, and seamless integration across multiple components. These features support the full wealth management lifecycle, enabling firms to manage complex, multi-generational wealth and unique fiduciary assets with confidence and scalability.
Trust and Retirement Services
The platform offers full principal and income accounting, automated tax form generation, automated IRA and trust distributions with compliance management, support for unique asset types like mineral rights and real estate, and optional managed services for documentation and fiduciary bookkeeping.
Simplifying Wealth Management
SS&C Black Diamond Wealth Solutions aims to simplify technology and operational requirements for wealth managers. The suite includes a centralised system for portfolio management and reporting, Business Intelligence & Billing for practice analytics and revenue management, and a Client Portal accessible through web and mobile interfaces for secure communication and third-party service integration.
A Growing Presence
Currently used by over 3,000 firms and supporting over 800,000 active users, SS&C Black Diamond Wealth Solutions manages total assets under management exceeding $3.6tn. In February, SS&C Technologies expanded its alliance with LPL Financial Holdings, incorporating SS&C's ALTSERVE platform to improve its alternative investment offerings.
In summary, SS&C Black Diamond Wealth Solutions is a game-changer in the wealth management sector, offering a unified platform for fiduciaries, eliminating operational silos, streamlining workflows, reducing risk, and improving compliance with built-in logic and automation. Its features enhance client engagement and advisor collaboration, facilitating long-term growth and a more cohesive client experience.
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