Black Diamond Wealth Solutions is a connected technology platform for wealth and investment management firms. Its tools cover portfolio management and reporting, trading and rebalancing, managed models, personalized proposals, and outsourced trading and rebalancing services. Firms can provide clients with a branded portal featuring configurable portfolio views, communication tools, and a secure document vault. The platform also lists performance reporting, allocation and risk analysis, tax-lot tracking, and multi-asset alternatives coverage. Its integration network includes custodial, CRM, financial planning, compliance, analytics, and trading providers such as Pershing, Fidelity, Salesforce, eMoney, and RightCapital. The API supports financial data access, workflow automation, data management, compliance reporting, and custom software. Compliance tools include customizable tests, dashboards, transaction surveillance, and case management. Access is available on web, iOS, and Android. Pricing is by request; there is no free plan. The company lists RIAs, broker-dealers, family offices, banks and trust companies, asset managers, retirement services providers, and foundations among its audiences.
Who it is for
It suits wealth and investment management firms, including RIAs, breakaway advisors, broker-dealers, family offices, banks, trust companies, asset managers, retirement services providers, and foundations. It is relevant to firms seeking portfolio tools alongside client portal and compliance capabilities.
What is good
- Portfolio reporting, allocation, risk, and tax-lot tools
- Branded client portal with configurable portfolio views
- Integrations include Pershing, Fidelity, Salesforce, and eMoney
- Compliance tools include transaction surveillance and case management
What to know first
- No free plan
- Pricing is available by request
- No desktop application is listed
Verdict
Black Diamond brings portfolio management, client access, trading workflows, and compliance tools into a connected platform for wealth firms. Buyers should confirm pricing and that its functions and integrations meet their firm's needs.
Black Diamond Wealth Solutions plans and pricing
All plansCompared on portfolio management software
- Free plan
- No
- Performance reporting
- Yes
