 |
NEWS RELEASE
December, 2006
Contact: Liz Morgan, Liz Morgan PR
904-608-3823 or liz@lizmorganpr.com
BLACK DIAMOND EXPANDS SERVICES WITH ABILITY TO REPORT ON “HELD-AWAY” ASSETS
New Partnership with ByAllAccounts, Inc. Further Differentiates Black Diamond’s Application From Competitors
JACKSONVILLE BEACH, FL (December 2006) – Black Diamond Performance Reporting™ has partnered with financial data delivery leader ByAllAccounts in a move that allows the Jacksonville Beach-based performance reporting company to report on assets not held by advisor clients (i.e., “held away” assets).
Boston-based ByAllAccounts downloads position, transaction and pricing information from approximately 2,300 custodial sources directly to Black Diamond’s proprietary reconciliation and performance reporting applications. Each day, these “held-away” assets are reconciled by Black Diamond along with the assets under direct management of the advisor. Using the Black Diamond Web-based application, advisors and their clients can now use the aggregated data to highlight performance and view total balances across all accounts.
“With the addition of ByAllAccounts’ innovative technology to our performance reporting application, registered investment advisors can now see a holistic view all of their clients’ investment performance, not just the performance of assets held at a specific investment firm,” said Reed Colley, President and CEO of Black Diamond Performance Reporting.
The ability to report on “held-away” assets, coupled with Black Diamond’s application’s current capability to report on assets held by multiple custodians, enables an advisor to present the most comprehensive and complete investment data to his or her clients. The combination of these features, in turn, enables advisors to strengthen relationships by presenting a more complete and accurate picture of their clients’ net worth.
“Aggregating outside assets presents a significant value proposition for advisors to win new business,” Colley added. “Black Diamond is committed to providing best-of-breed technology to our clients, which we have achieved with the addition of the ability to report on “held-away” assets. Our client advisors now find our application to be a one-stop shop for all of their reconciliation, reporting and portfolio monitoring needs.”
Black Diamond Performance Reporting’s portfolio of services includes a fully outsourced, Web-based performance reporting application, data reconciliation and customized investment reports.
For more information, please visit www.blackdiamondreporting.com or call (904) 241-2444.
---
About Black Diamond Performance Reporting
Founded in 2003, Black Diamond Performance Reporting™ provides solutions for the wealth management process. The
core product retrieves and reconciles investment accounting data and provides a feature rich, Internet-based
application to analyze performance. Reporting on more than $2 billion in assets under management, Black Diamond
Performance Reporting is headquartered in Jacksonville Beach, Florida.
Printer Friendly Version
|
|
