News

Advent Completes Acquisition of Black Diamond Performance Reporting

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Advent to Acquire Black Diamond Performance Reporting

Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the investment management industry, has signed a definitive agreement to purchase Black Diamond Performance Reporting LLC (“Black Diamond”), a leading provider of web-based, outsourced portfolio management and reporting platforms for independent advisors. more »

Trust Company of America and Black Diamond Form Strategic Partnership to bring Performance Reporting to Investors

Jacksonville, FL and Denver, CO April 19, 2011. Black Diamond Performance Reporting and Trust Company of America announced today a joint initiative to provide access to performance reporting and asset aggregation to RIAs and their clients. more »

Presidio Financial Partners Selects Black Diamond Performance Reporting as Technology Partner

Innovative web-based service and technology platform will provide Presidio clients with customized, accessible reports. more »

Morgan Stanley/Smith Barney team selects Black Diamond

"Black Diamond rolled up their sleeves and became very competitive; their pricing is very different from Advent.” Black Diamond uses an unusual pricing scheme where the advisor pays in direct proportion to asset under management. David Welling, chief solutions officer with Black Diamond, says that Harter’s team was concerned with a number of other key issues – including the ability to report on investments like hedge funds and private equity... more »

Dynasty Financial Partners selects Black Diamond

Dynasty also will provide business advisory services from investment bankers, access to credit and “high-end financial plans” with help from NaviPlan. It has a partnership with Black Diamond Performance Reporting that enables it to provide portfolio accounting services. David Welling, chief solutions officer of Black Diamond of Jacksonville, Fla., says that winning the account took considerable effort. “Dynasty has chosen its partners very carefully and took us through a rigorous due diligence process over an extended period of time.” more »

Morgan Stanley team selects Black Diamond

“From a HighTower perspective, we have a no-idiot policy and the first time I met Mike and P.J. I could tell they were high-quality, down-to-earth individuals that we want to bring on as partners. The quality of the people is as important as the as the quantity of the assets. These guys fit the bill.” The team’s assets will now be held at Fidelity Institutional Wealth Services, and the firm will use Black Diamond Performance Reporting of Jacksonville, Fla. as its portfolio accounting provider. more »

BLACK DIAMOND LAUNCHES iPAD APPLICATION

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Fidelity integrates Black Diamond into Wealth Central

Fidelity Investments has expanded independent advisors’ access to third-party providers within its WealthCentral custodial platform by integrating a portfolio management solution from Black Diamond Performance Reporting. more »

FIDELITY TO INTEGRATE BLACK DIAMOND PERFORMANCE REPORTING WITHIN ITS OPEN TECHNOLOGY PLATFORM FOR INDEPENDENT ADVISORS

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Black Diamond Launches Next Generation Portfolio Management and Reporting Platform

Black Diamond Performance ReportingTM announced today the availability of “BlueSky”, Black Diamond’s new and enhanced portfolio management and reporting platform. more »

Black Diamond Inks Deal with Shareholders Service Group for Portfolio Management and Performance Reporting Platform

Fast Growing RIA Custodian Becomes 200th Black Diamond Client. more »

Black Diamond Adds Fidelity Executive to Sales Team

Former Fidelity Investments executive, Karen Lisowski, named Vice President of Sales for fast-growing performance reporting and portfolio management technology firm. more »

Black Diamond Adds Former Schwab Executive to Senior Leadership Team

Former Schwab Advisor Services executive, David Welling, brings RIA industry expertise and a strong growth and innovation track record to fast-growing performance reporting and portfolio management technology firm as Chief Solutions Officer. more »

Black Diamond Now Reports on Over 100,000 Accounts

Black Diamond Performance Reporting announced today that it now reports daily on over 100,000 custodial accounts of independent Registered Investment Advisors (RIA), making it the leading outsourced performance reporting provider to the independent RIA marketplace*. more »

Pershing integrates Black Diamond into NetX360

The Bank of New York Mellon's Pershing Unit Provides Customers with Access to Black Diamond Performance Reporting through NetX360. more »

Black Diamond Adds Schwab Industry Veteran to Sales Team

Former Schwab Institutional executive, Paul Linko, named Vice President of Sales for fast-growing performance reporting and portfolio management technology firm more »

Black Diamond Releases Industry Research: Technology Savings and ROI in Volatile Markets

New ROI whitepaper documents $100,000Õs in annual savings independent advisors are achieving by outsourcing portfolio management and performance reporting more »

Independent Advisor - Tech Forum

Independent Advisor Technology Forum Launched to Help Break-Away Advisors Set Up Independent Financial Advisor Firms more »

iPro One And Black Diamond Performance Reporting Team Up

Announces a strategic alliance to deliver investment performance reporting services to wealth management advisors of CPA firms. more »