SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, announced expanded capabilities of its Black Diamond® wealth platform, including enhanced reporting and business intelligence capabilities and an integrated experience across financial planning from Advizr and risk alignment from Riskalyze. The new, unified experience will be showcased at the SS&C Deliver Conference in San Diego on September 13-15th.
New Partnerships for Unified Experience
"Our vision is to join both the technology experience and the day-to-day service experience into a powerful combination that is unmatched," said Dave Welling, Managing Director and Co-General Manager of SS&C Advent. "Advisors need to be able to display the value they provide their clients, which spans from investments, to financial planning to understanding risk in their portfolio."
Most advisors currently spend hours combining data and reports from multiple systems and manually cobbling them together to prepare for a single client meeting that can result in a disjointed experience for clients. With the new Black Diamond wealth platform, including Advizr and Riskalyze, the experience has been streamlined for advisors and is clearer for their clients to understand. Additionally, advisors and wealth managers using the Black Diamond wealth platform with Advizr and Riskalyze will enjoy a single, dedicated service relationship model for all three solutions.
Advizr's powerful, interactive financial planning solution empowers advisors to collaborate directly with clients on their financial plans.
"Black Diamond has consistently delivered innovative and award-winning capabilities. Our vision, consistent to Black Diamond's, has been to provide simple, elegant solutions to support financial planning and move planning from a back-office function to a client-centric and highly collaborative experience," stated Hussain Zaidi, CEO at Advizr. "We believe that advisors will benefit enormously from the combined value of Advizr for financial planning and the Black Diamond wealth platform."
Riskalyze's technology helps RIAs, hybrid advisors, independent broker-dealers, custodians, clearing firms and asset managers to align the world's investments with each investor's Risk Number®.
"Now more than ever, independent advisors need to demonstrate their value. We are happy to unite our exceptional risk alignment capabilities with the award-winning capabilities of the Black Diamond wealth platform," said Aaron Klein, CEO at Riskalyze. "Together Riskalyze and SS&C Advent are empowering advisors to build a thriving business that focuses on greater value to their clients."
In addition to integration partners, Riskalyze and Advizr, Black Diamond continues to integrate with over 35 solutions from CRM to portfolio analytics via its Black Diamond Integration Network. All three companies will continue to collaborate with other leading technology vendors that advisors and wealth managers choose to run their businesses.
New Client Reporting and Business Intelligence Capabilities
The Black Diamond team also will unveil the latest in a set of ongoing platform enhancements that help advisors demonstrate their value and elevate the dialogue between advisors and their clients. Enhancements include cutting-edge client reporting capabilities, a report builder that enables advisors to build their own custom reports on the fly as well as business intelligence and firm reporting dashboards. The new reporting engine includes modern, flexible report graphics and a report builder that will enable integration of both Black Diamond content alongside content from Advizr, Riskalyze and other outside vendors into a unified reporting experience.
Targeted at large, complex advisory firms the new business intelligence and firm reporting capabilities enable advisory firm senior management to easily see trends and health across the firm and to slice information including changes in assets, clients and revenues either at the full firm level or broken down by different advisors or advisory teams.
"Larger advisory firms have become more complex organizations with multiple teams operating in different geographies. Our large and rapidly growing clients need tools to help them manage the business not just manage portfolios," Welling said.
Black Diamond clients attending the SS&C Deliver conference in San Diego can demo the new capabilities in a lab session or in the resource center. New report builder, reporting and presentation capabilities announced in Q1 2016 will begin to be rolled out to clients with a phased approach, starting in Q4 2016.