at Financial Technnology Year
This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.
SS&C Advent Black Diamond from SS&C Technologies
A wealth management platform offering portfolio management, reporting, client communication, and financial planning tools. Includes goal tracking, performance reporting, and interactive client portals.
Product analysis by function
Financial Planning Tools for Wealth Management
Solutions that support comprehensive financial planning for clients, including retirement, tax, estate, and cash flow planning.
More like this ...
Financial Goal Management
(6 Yes /6 Known /10 Possible features)
Goal creation wizard
Intuitive interface for creating various types of financial goals (retirement, education, home purchase, etc.)
Yes - has this feature
Marketing and feature listings for Black Diamond mention goal creation for financial planning.
Goal prioritization
Ability to rank and prioritize multiple financial goals
Yes - has this feature
Platform allows prioritization and management of multiple client goals according to SS&C materials.
Goal progress tracking
Visual indicators of progress toward financial goals
Yes - has this feature
Goal progress tracking is part of the client portal's visualization tools described on the product website.
Goal adjustment tools
Ability to adjust goals based on changing circumstances
Yes - has this feature
Clients and advisors can update and adjust goals within the planning module.
What-if scenarios
Simulation tools to test different financial scenarios and their impact on goals
No information available
Automated goal recommendations
AI-driven suggestions for realistic goal setting based on client financial profile
No information available
Multi-timeline visualization
Ability to view multiple goals across different time horizons simultaneously
No information available
Goal linkage to accounts
Direct connection between specific accounts/investments and designated goals
Yes - has this feature
The system links financial accounts to specific financial goals, per SS&C Advent documentation.
Goal-based reporting
Customized reports showing progress toward specific financial goals
Yes - has this feature
Clients can generate reports based on progress toward individual goals via dashboard functionality.
Maximum number of goals
The maximum number of distinct financial goals that can be tracked simultaneously
No information available
Investment Portfolio Management
(7 Yes /7 Known /11 Possible features)
Portfolio rebalancing
Automated or manual tools to rebalance investment portfolios to target allocations
Yes - has this feature
Rebalancing tools (both automated and manual) are a core advertised portfolio management feature.
Model portfolios
Pre-configured investment models based on risk profiles and objectives
Yes - has this feature
Model portfolios support is highlighted as available for advisors.
Custom asset allocation
Ability to create and implement custom asset allocation strategies
Yes - has this feature
Advisors may customize asset allocations for client portfolios using Black Diamond.
Tax-loss harvesting
Tools to identify and execute tax-loss harvesting opportunities
No information available
ESG/SRI screening
Capabilities for environmental, social, governance or socially responsible investment screening
No information available
Performance reporting
Detailed performance analytics including returns, benchmarking, and attribution
Yes - has this feature
Performance reporting with benchmarking and attribution is a leading feature.
Risk analytics
Advanced risk measurement tools including volatility, drawdown, and stress testing
Yes - has this feature
Platform includes risk analytics for portfolio review (volatility and other risk metrics).
Alternative investment support
Ability to include and analyze alternative investments within portfolios
Yes - has this feature
Alternative investments can be included; listed as a Black Diamond differentiator.
Asset location optimization
Tools to optimize which investments are held in which account types for tax efficiency
No information available
Portfolio optimization tools
Advanced optimization algorithms to maximize returns for given risk levels
Yes - has this feature
Portfolio optimization tools are advertised as part of the advisory toolkit.
Maximum securities tracked
The maximum number of individual securities that can be monitored within portfolios
No information available
Retirement Planning
(0 Yes /0 Known /10 Possible features)
Retirement income projections
Tools to project income needs and sources during retirement
No information available
Social Security optimization
Analysis tools for optimizing Social Security claiming strategies
No information available
Monte Carlo simulations
Probability-based analysis of retirement outcomes using multiple scenarios
No information available
Required Minimum Distribution calculator
Tools to calculate and plan for RMDs from retirement accounts
No information available
Longevity risk analysis
Analysis of the impact of different life expectancies on retirement plans
No information available
Healthcare cost projections
Estimates of healthcare and long-term care costs in retirement
No information available
Retirement account optimization
Analysis of optimal contributions and withdrawals across different retirement account types
No information available
Retirement income strategies
Tools for modeling different retirement income strategies (e.g., bucket approach, systematic withdrawals)
No information available
Retirement lifestyle modeling
Ability to model different spending patterns and lifestyles in retirement
No information available
Simulation iterations
The number of iterations used in Monte Carlo simulations for statistical reliability
No information available
Tax Planning
(0 Yes /0 Known /10 Possible features)
Tax projection tools
Capability to project tax liabilities under various scenarios
No information available
Tax-efficient withdrawal strategies
Analysis of optimal account withdrawal sequences to minimize taxes
No information available
Capital gains planning
Tools to manage and optimize capital gains realization
No information available
Charitable giving strategies
Analysis of tax-efficient charitable giving options
No information available
Estate tax planning
Tools for estimating and planning for potential estate taxes
No information available
Tax bracket management
Strategies to manage income levels relative to tax brackets
No information available
Tax-loss carryforward tracking
Ability to track and utilize tax losses carried forward from previous years
No information available
Alternative Minimum Tax analysis
Tools to project and plan for potential AMT implications
No information available
Multi-state tax planning
Support for tax planning across multiple state jurisdictions
No information available
Tax update frequency
How frequently the system updates tax rates, brackets, and rules
No information available
Estate Planning
(0 Yes /0 Known /10 Possible features)
Estate distribution modeling
Tools to model different estate distribution scenarios
No information available
Trust planning tools
Support for analyzing different trust structures and their implications
No information available
Beneficiary management
Tracking and management of beneficiary designations across accounts
No information available
Gifting strategy analysis
Tools to optimize lifetime gifting strategies
No information available
Business succession planning
Support for planning business ownership transfers
No information available
Estate document inventory
Secure storage and management of estate planning documents
No information available
Dynasty planning
Multi-generational estate planning tools
No information available
Charitable legacy planning
Tools for incorporating charitable giving into estate plans
No information available
Estate tax projection
Projection of potential estate tax liabilities under different scenarios
No information available
Maximum generations modeled
The number of family generations that can be included in wealth transfer planning
No information available
Client Collaboration and Communication
(6 Yes /6 Known /10 Possible features)
Client portal
Secure online access for clients to view their financial plans and information
Yes - has this feature
The Black Diamond platform provides a secure client portal for data and communication.
Mobile app access
Dedicated mobile application for client access on smartphones and tablets
Yes - has this feature
Dedicated mobile app for platform access is available per SS&C documentation.
Document sharing
Secure exchange of documents between advisors and clients
Yes - has this feature
Product provides secure document sharing between clients and advisors.
Co-browsing capability
Ability for advisors and clients to simultaneously view and interact with the same screens
No information available
Client task management
Assignment and tracking of client action items
No information available
Virtual meeting integration
Built-in or integrated video conferencing capabilities
Yes - has this feature
Virtual meeting integrations (Zoom/Teams) are mentioned as client communication options.
Collaborative goal setting
Tools allowing clients and advisors to collaboratively establish financial goals
Yes - has this feature
Goal setting is a collaborative process between clients and advisors via the portal.
Notification system
Customizable alerts and notifications for clients and advisors
Yes - has this feature
Customizable notifications and alerts are available per user documentation.
Client feedback tools
Mechanisms for collecting and managing client feedback
No information available
Maximum document storage
The maximum amount of document storage available for client files
No information available
Data Integration and Aggregation
(9 Yes /9 Known /10 Possible features)
Account aggregation
Ability to automatically collect and consolidate data from multiple financial institutions
Yes - has this feature
Account aggregation from multiple financial institutions is supported.
Banking integration
Direct connections to banking systems for transaction data
Yes - has this feature
Direct integrations to major banks and custodians are promoted as a feature.
Investment platform integration
Direct connections to investment platforms and custodians
Yes - has this feature
Direct investment platform/custodian integrations detailed in integrations documentation.
CRM integration
Connectivity with customer relationship management systems
Yes - has this feature
CRM connectivity (e.g., Salesforce) is listed as a core integration feature.
Document management integration
Connections to document management systems
Yes - has this feature
Document management providers (e.g., ShareFile) can be connected to the platform.
Tax software integration
Ability to share data with tax preparation software
Yes - has this feature
Can integrate with several tax software products for data sharing.
API availability
Availability of APIs for custom integrations with other systems
Yes - has this feature
APIs are available for custom integrations with external systems.
Data import capabilities
Support for manual data imports from various file formats
Yes - has this feature
Manual import of client data (CSV/XLS, etc.) is a listed capability.
Real-time data updates
Frequency of automatic data refreshes from integrated sources
Yes - has this feature
Many sources note real-time or frequent data refresh as a product advantage.
Number of supported institutions
The number of financial institutions supported for direct data aggregation
No information available
Reporting and Analytics
(8 Yes /8 Known /10 Possible features)
Customizable reporting
Ability to create and customize client-facing reports
Yes - has this feature
Custom client-facing reporting capabilities are documented as a central feature.
Interactive dashboards
Dynamic visualization tools for exploring financial data
Yes - has this feature
Interactive dashboards for clients and advisors are promoted on the website.
Scenario comparison
Side-by-side comparison of different financial scenarios
Yes - has this feature
Scenario comparison for financial planning is referenced in marketing materials.
White-labeling options
Ability to brand reports with advisor/firm branding
Yes - has this feature
White-label reporting with advisor branding is part of the reporting toolkit.
Scheduled reporting
Automated generation and delivery of periodic reports
Yes - has this feature
Reports can be scheduled for automated generation and delivery.
Benchmark comparison
Ability to compare performance against relevant benchmarks
Yes - has this feature
Performance benchmarking against indices is described in performance reporting features.
Peer group analytics
Comparison of client situations against similar demographic groups
No information available
Export capabilities
Options for exporting reports in various formats (PDF, Excel, etc.)
Yes - has this feature
Reports can be exported in various formats (PDF/Excel) per product info.
Regulatory compliance reporting
Generation of reports required for regulatory compliance
Yes - has this feature
Regulatory compliance reporting cited as essential for RIAs using the platform.
Report generation speed
The average time required to generate complex financial reports
No information available
Security and Compliance
(9 Yes /9 Known /10 Possible features)
Data encryption
Encryption of sensitive data both in transit and at rest
Yes - has this feature
SS&C Advent materials specify data encryption at rest and in transit.
Multi-factor authentication
Additional security layers beyond password protection
Yes - has this feature
Multi-factor authentication is enabled for platform access.
Role-based access control
Granular permission settings based on user roles
Yes - has this feature
Role-based access and permissions management described in platform admin guides.
Audit logging
Detailed tracking of all system access and changes
Yes - has this feature
Audit logging and user activity tracking are standard for compliance.
Regulatory compliance frameworks
Built-in support for regulatory requirements (GDPR, CCPA, etc.)
Yes - has this feature
Supports GDPR and other compliance frameworks according to SS&C statements.
Data residency options
Control over geographic location of data storage
No information available
Secure client communication
Encrypted communication channels with clients
Yes - has this feature
Client portal and communications are encrypted for secure messaging.
Vulnerability testing
Regular security testing and vulnerability assessments
Yes - has this feature
Regular penetration and vulnerability testing are part of security certifications.
Disaster recovery
Comprehensive backup and recovery capabilities
Yes - has this feature
Disaster recovery procedures are referenced in SS&C's platform SOC summaries.
Security certification level
The level of external security certification achieved (SOC 2, ISO 27001, etc.)
Yes - has this feature
Platform is certified to industry standards such as SOC 2 and likely others.
This data was generated by an AI system. Please check
with the supplier. While you are talking to them, remind them that they need
to update their entry.