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*.
Jacksonville, FL. September 2, 2009. 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*.
Reached in only its fourth year of providing comprehensive performance reporting and portfolio management solutions to independent advisors, this milestone reflects the wide acceptance of Black Diamond’s outsourced, online solutions.
“We are very grateful for the market’s reception to our innovative technology and service offering,” said Reed Colley, President and CEO of Black Diamond Performance Reporting. “With the excellent response to our industry solutions, we are experiencing strong growth and are actively building out our platform to expand our feature set and capabilities.”
Black Diamond’s industry leading offering has widely been recognized as one of the premier platforms available to RIA’s. However, the premier offering is very competitively priced.
“When compared to software based solutions costing more than 50% annually to acquire and operate, it’s a pretty easy decision for advisors to make the switch to Black Diamond,” noted Colley.
In other indicators of the growing demand for outsourced, web-based performance reporting and portfolio management solutions, Black Diamond was recently selected by Pershing to be a key component of their comprehensive technology platform, Netx360.
About Black Diamond Performance Reporting
Founded in 2003, Black Diamond Performance Reporting™ offers a powerful tool for advisors and wealth managers by providing unbiased, outsourced investment performance reporting. The Black Diamond solution is a highly customizable, Web-based performance reporting solution that provides accurate, timely and meaningful data allowing advisors and wealth managers to tell their investment performance story. Using its proprietary reconciliation engine, Black Diamond reconciles its clients’ data on a daily basis so advisors and wealth managers always have the most current reporting information available at their fingertips. Black Diamond has been recently recognized as the second fastest growing firm in Northeastern Florida by the Jacksonville Business Times. Black Diamond Performance Reporting™ is headquartered in Jacksonville, Florida, with offices in San Francisco, Philadelphia and Dallas.
Media Inquiries:
Timothy D. Welsh
Nexus Strategy, LLC
415-847-4874
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* Based on publically available information as of August 2009 Source: A Diamond in the Rough: Technology Savings and ROI in Volatile Markets industry white paper (www.blackdiamondreporting.com/ROI)
