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Customization
Flexibility and customizations are cornerstones of Black Diamond’s performance
reporting service. We know that each wealth manager prefers a different
style or presentation of portfolio performance for his or her clients. Based
on this need, Black Diamond Performance Reporting™ offers many levels of customization and flexibility
for its clients, including customized reports, asset classification
schemes, benchmarking using market indices, aggregation levels and target/asset
allocation models.
- Customized Reports
Every wealth manager offers a different perspective on how to achieve wealth management success
as well as different areas of expertise with respect to investing their client’s
assets. With this mind, Black Diamond offers customized reports
that allow you to “tell the story” to your clients in the most relevant
manner. Many software packages allow extreme customization, but require
extensive training to use and proficiently build reports. Black Diamond
will take the pain out of this process by building the reports for you
based on your individual needs. These customized reports are focused in
content and help you clearly explain your strategy and corresponding
performance. Reports are available in
PDF format and can either be generated on demand or scheduled for batch production
at appropriate frequencies to meet client needs.
- Customized Asset Classification Schemes
Black Diamond allows you to define custom asset classification schemes
for all of your assets under management. While most assets
are placed in common broad asset classes (Money Markets/Cash, Fixed Income, Equities),
you have the ability to name these classes appropriately and add any classes (i.e.
International Equities, Municipal Bonds, etc.) that most closely fit your investment
styles or objectives. Assets are also categorized into segments within
broad asset classes to group closely related securities (Large Cap, Mid Cap,
Consumer Staples, Taxable Bonds, etc.). Segments use can vary greatly
across advisors and wealth managers and is completely customizable. Both
market capitalization and S&P sector classification segments are available within
Equities. Additionally, asset position, class and segment allocation and
returns can be viewed in aggregate across any of the flexible reporting levels. For
example, you can view Microsoft across all portfolios or Exposure to
Fixed Income securities within Small Cap Growth accounts.
- Customized Benchmarks
Market indices are commonly used to compare investments against the broad
market or their specific categorization. Black Diamond allows for the
assignment of any readily-available market index to portfolios, accounts, managers, asset
classes or segments. A daily, dynamic benchmark is also available at the
portfolio, goal, style, account, advisor and manager level. This dynamic
benchmark is comprised of the benchmarks that are assigned to the broad asset classes
and is weighted each day based on the allocation of each class. The dynamic
benchmark is also available for segment based benchmarks which will use allocations
of segments instead of asset classes. If you’re looking to measure
investment performance against a predefined or target allocation, static benchmarks
can be created using a combination of any indices (i.e. 40% of the S&P 500, 40% of the Lehman
Government Credit and 20% of the Lipper Money Market).
- Multiple Levels of Account/Asset Aggregation
Effective use of performance reporting demands that the layout of the data be
intuitive to you. Black Diamond allows you to see your clients' investments
in exactly the way that makes most sense to you and your clients. Customize
the levels of performance that are displayed on your reports and in the
application. For example, you can view portfolios by investment goals,
then styles within the goals, then managers within the styles, or you can choose to
show just portfolio and account level performance - it’s completely up to you.
- Customized Target/Asset Allocation Models
As part of the wealth management process, advisors and clients set target or asset
allocation models that fit their risk profile and wealth management
goals. Black Diamond allows you to define these targets at the
asset class or segment level. You can then assign a target to any portfolio,
investment goal, style, manager, account or advisor. Each target will
have a corresponding benchmark that is built
based on the underlying asset classes or segments used in the allocation
model. We allow you to view your performance over time against this
benchmark to closely monitor your performance against the target market selected.
At Black Diamond, it is our goal to provide the most flexibility and customization
possible to allow you to effectively “tell your story”. Our goal is to provide
you with valuable, customizable performance reporting so that you can focus on your core
competencies. For
more information or to setup an in-depth presentation of our customization,
flexibility and features, contact us via e-mail or by calling us at (904) 241-2444.
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