Announces a strategic alliance to deliver investment performance reporting services to wealth management advisors of CPA firms.
NEW YORK, NY—October 27, 2008 - iPro One and Black Diamond Performance Reporting, LLC today announced a strategic alliance to deliver investment performance reporting services to wealth management advisors of CPA firms. This new innovative solution will enable financial advisors to easily view, analyze and work with critical portfolio management information at their desktop. The iPro One CPA360 platform adds new clients in the wealth management area of CPA firms by seamlessly integrating with a CPA firm’s own tax preparation and client management systems. The Black Diamond Performance Reporting platform™ can be added on to the iPro One’s CPA360 Solution for a seamless integration of clients’ data and viewed via an intuitive and flexible user interface for a superior user experience. It will also allow CPA wealth management practices to outsource performance reporting duties in order to free-up time to attract new assets; grow existing assets; and increase CPA firm productivity.
“CPA firms are seeing major growth in the wealth management practice areas of their firms,” said Tony Wood, CEO of iPro One. “The benefit of iPro One and Black Diamond Performance Reporting joining forces is that CPA firms can overlay information on the tax analytical side with critical wealth management performance reporting right at their fingertips to better serve their clients and grow assets under management. We are making it much easier for CPA firms to conduct performance analysis, benchmarking comparisons, client reviews and other forms of financial analysis to continue to position them as the most trusted advisor to high net-worth clients.”
“The powerful combination of iPro One’s CPA360 solution and the Black Diamond Performance Reporting™ platform allows CPA firms to leverage critical data; meet their fiduciary responsibilities and assist their clients and grow the wealth management function of the firm,” said Reed Colley, CEO of Black Diamond Performance Reporting. “CPA firms can rest assured that they will have access to accurate, rich rendering data in multi-dimensional formats to assist their clients in making informed decisions to help meet their investment goals.”
iPro One forms symbiotic relationships with its partner firms to help them gather more assets rather than simply manage them, and grow revenue and enhance brand awareness. All client assets of the CPA firm’s wealth management practice are supported by iPro One’s CPA360 platform while continuing to be managed by the CPA firm’s wealth advisors. The company’s proprietary technology and business methods generally enable client accounts to be moved onto the iPro One platform without requiring wealth management firms to “re-paper” client accounts.
iPro One has an ownership interest in both Tegra Financial Partners and of HbK Sorce Financial LLC (HbK Sorce) wealth management practices. Both CPA firms rank within the top 100 CPA firms and have award-winning investment advisory and wealth management practices with combined assets under management of approximately $2 billion.
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. Black Diamond Performance Reporting™ helps wealth managers and their clients by providing unbiased, outsourced investment performance reporting.
About iPro One, Inc.
iPro One, Inc. is a privately-held financial solutions company that acquires ownership positions in wholly-owned wealth management and investment advisory practices of leading CPA firms. The Company integrates the CPA360 platform and investment expertise within CPA firms and wealth management firms to help them unlock hidden revenue, attract high net-worth clients, enhance brand awareness and provide succession planning options for firm partners.
For more information on iPro One, visit http://www.iproone.com. For more information on Black Diamond Performance Reporting™, please visit http://www.blackdiamondreporting.com.
Media Contact
Timothy D. Welsh, Nexus Strategy, LLC
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