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SS&C Advent Black Diamond from SS&C Technologies
A wealth management platform offering portfolio management, reporting, client communication, and financial planning tools. Includes goal tracking, performance reporting, and interactive client portals.
Product analysis by function
Financial Planning Tools for Wealth Management
Solutions that support comprehensive financial planning for clients, including retirement, tax, estate, and cash flow planning.
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Financial Goal Management
(6 Yes /6 Known /10 Possible features)
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Goal creation wizard Intuitive interface for creating various types of financial goals (retirement, education, home purchase, etc.) |
Marketing and feature listings for Black Diamond mention goal creation for financial planning. | |
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Goal prioritization Ability to rank and prioritize multiple financial goals |
Platform allows prioritization and management of multiple client goals according to SS&C materials. | |
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Goal progress tracking Visual indicators of progress toward financial goals |
Goal progress tracking is part of the client portal's visualization tools described on the product website. | |
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Goal adjustment tools Ability to adjust goals based on changing circumstances |
Clients and advisors can update and adjust goals within the planning module. | |
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What-if scenarios Simulation tools to test different financial scenarios and their impact on goals |
No information available | |
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Automated goal recommendations AI-driven suggestions for realistic goal setting based on client financial profile |
No information available | |
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Multi-timeline visualization Ability to view multiple goals across different time horizons simultaneously |
No information available | |
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Goal linkage to accounts Direct connection between specific accounts/investments and designated goals |
The system links financial accounts to specific financial goals, per SS&C Advent documentation. | |
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Goal-based reporting Customized reports showing progress toward specific financial goals |
Clients can generate reports based on progress toward individual goals via dashboard functionality. | |
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Maximum number of goals The maximum number of distinct financial goals that can be tracked simultaneously |
No information available |
Investment Portfolio Management
(7 Yes /7 Known /11 Possible features)
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Portfolio rebalancing Automated or manual tools to rebalance investment portfolios to target allocations |
Rebalancing tools (both automated and manual) are a core advertised portfolio management feature. | |
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Model portfolios Pre-configured investment models based on risk profiles and objectives |
Model portfolios support is highlighted as available for advisors. | |
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Custom asset allocation Ability to create and implement custom asset allocation strategies |
Advisors may customize asset allocations for client portfolios using Black Diamond. | |
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Tax-loss harvesting Tools to identify and execute tax-loss harvesting opportunities |
No information available | |
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ESG/SRI screening Capabilities for environmental, social, governance or socially responsible investment screening |
No information available | |
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Performance reporting Detailed performance analytics including returns, benchmarking, and attribution |
Performance reporting with benchmarking and attribution is a leading feature. | |
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Risk analytics Advanced risk measurement tools including volatility, drawdown, and stress testing |
Platform includes risk analytics for portfolio review (volatility and other risk metrics). | |
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Alternative investment support Ability to include and analyze alternative investments within portfolios |
Alternative investments can be included; listed as a Black Diamond differentiator. | |
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Asset location optimization Tools to optimize which investments are held in which account types for tax efficiency |
No information available | |
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Portfolio optimization tools Advanced optimization algorithms to maximize returns for given risk levels |
Portfolio optimization tools are advertised as part of the advisory toolkit. | |
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Maximum securities tracked The maximum number of individual securities that can be monitored within portfolios |
No information available |
Retirement Planning
(0 Yes /0 Known /10 Possible features)
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Retirement income projections Tools to project income needs and sources during retirement |
No information available | |
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Social Security optimization Analysis tools for optimizing Social Security claiming strategies |
No information available | |
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Monte Carlo simulations Probability-based analysis of retirement outcomes using multiple scenarios |
No information available | |
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Required Minimum Distribution calculator Tools to calculate and plan for RMDs from retirement accounts |
No information available | |
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Longevity risk analysis Analysis of the impact of different life expectancies on retirement plans |
No information available | |
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Healthcare cost projections Estimates of healthcare and long-term care costs in retirement |
No information available | |
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Retirement account optimization Analysis of optimal contributions and withdrawals across different retirement account types |
No information available | |
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Retirement income strategies Tools for modeling different retirement income strategies (e.g., bucket approach, systematic withdrawals) |
No information available | |
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Retirement lifestyle modeling Ability to model different spending patterns and lifestyles in retirement |
No information available | |
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Simulation iterations The number of iterations used in Monte Carlo simulations for statistical reliability |
No information available |
Tax Planning
(0 Yes /0 Known /10 Possible features)
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Tax projection tools Capability to project tax liabilities under various scenarios |
No information available | |
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Tax-efficient withdrawal strategies Analysis of optimal account withdrawal sequences to minimize taxes |
No information available | |
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Capital gains planning Tools to manage and optimize capital gains realization |
No information available | |
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Charitable giving strategies Analysis of tax-efficient charitable giving options |
No information available | |
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Estate tax planning Tools for estimating and planning for potential estate taxes |
No information available | |
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Tax bracket management Strategies to manage income levels relative to tax brackets |
No information available | |
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Tax-loss carryforward tracking Ability to track and utilize tax losses carried forward from previous years |
No information available | |
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Alternative Minimum Tax analysis Tools to project and plan for potential AMT implications |
No information available | |
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Multi-state tax planning Support for tax planning across multiple state jurisdictions |
No information available | |
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Tax update frequency How frequently the system updates tax rates, brackets, and rules |
No information available |
Estate Planning
(0 Yes /0 Known /10 Possible features)
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Estate distribution modeling Tools to model different estate distribution scenarios |
No information available | |
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Trust planning tools Support for analyzing different trust structures and their implications |
No information available | |
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Beneficiary management Tracking and management of beneficiary designations across accounts |
No information available | |
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Gifting strategy analysis Tools to optimize lifetime gifting strategies |
No information available | |
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Business succession planning Support for planning business ownership transfers |
No information available | |
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Estate document inventory Secure storage and management of estate planning documents |
No information available | |
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Dynasty planning Multi-generational estate planning tools |
No information available | |
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Charitable legacy planning Tools for incorporating charitable giving into estate plans |
No information available | |
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Estate tax projection Projection of potential estate tax liabilities under different scenarios |
No information available | |
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Maximum generations modeled The number of family generations that can be included in wealth transfer planning |
No information available |
Client Collaboration and Communication
(6 Yes /6 Known /10 Possible features)
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Client portal Secure online access for clients to view their financial plans and information |
The Black Diamond platform provides a secure client portal for data and communication. | |
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Mobile app access Dedicated mobile application for client access on smartphones and tablets |
Dedicated mobile app for platform access is available per SS&C documentation. | |
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Document sharing Secure exchange of documents between advisors and clients |
Product provides secure document sharing between clients and advisors. | |
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Co-browsing capability Ability for advisors and clients to simultaneously view and interact with the same screens |
No information available | |
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Client task management Assignment and tracking of client action items |
No information available | |
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Virtual meeting integration Built-in or integrated video conferencing capabilities |
Virtual meeting integrations (Zoom/Teams) are mentioned as client communication options. | |
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Collaborative goal setting Tools allowing clients and advisors to collaboratively establish financial goals |
Goal setting is a collaborative process between clients and advisors via the portal. | |
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Notification system Customizable alerts and notifications for clients and advisors |
Customizable notifications and alerts are available per user documentation. | |
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Client feedback tools Mechanisms for collecting and managing client feedback |
No information available | |
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Maximum document storage The maximum amount of document storage available for client files |
No information available |
Data Integration and Aggregation
(9 Yes /9 Known /10 Possible features)
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Account aggregation Ability to automatically collect and consolidate data from multiple financial institutions |
Account aggregation from multiple financial institutions is supported. | |
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Banking integration Direct connections to banking systems for transaction data |
Direct integrations to major banks and custodians are promoted as a feature. | |
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Investment platform integration Direct connections to investment platforms and custodians |
Direct investment platform/custodian integrations detailed in integrations documentation. | |
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CRM integration Connectivity with customer relationship management systems |
CRM connectivity (e.g., Salesforce) is listed as a core integration feature. | |
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Document management integration Connections to document management systems |
Document management providers (e.g., ShareFile) can be connected to the platform. | |
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Tax software integration Ability to share data with tax preparation software |
Can integrate with several tax software products for data sharing. | |
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API availability Availability of APIs for custom integrations with other systems |
APIs are available for custom integrations with external systems. | |
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Data import capabilities Support for manual data imports from various file formats |
Manual import of client data (CSV/XLS, etc.) is a listed capability. | |
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Real-time data updates Frequency of automatic data refreshes from integrated sources |
Many sources note real-time or frequent data refresh as a product advantage. | |
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Number of supported institutions The number of financial institutions supported for direct data aggregation |
No information available |
Reporting and Analytics
(8 Yes /8 Known /10 Possible features)
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Customizable reporting Ability to create and customize client-facing reports |
Custom client-facing reporting capabilities are documented as a central feature. | |
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Interactive dashboards Dynamic visualization tools for exploring financial data |
Interactive dashboards for clients and advisors are promoted on the website. | |
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Scenario comparison Side-by-side comparison of different financial scenarios |
Scenario comparison for financial planning is referenced in marketing materials. | |
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White-labeling options Ability to brand reports with advisor/firm branding |
White-label reporting with advisor branding is part of the reporting toolkit. | |
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Scheduled reporting Automated generation and delivery of periodic reports |
Reports can be scheduled for automated generation and delivery. | |
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Benchmark comparison Ability to compare performance against relevant benchmarks |
Performance benchmarking against indices is described in performance reporting features. | |
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Peer group analytics Comparison of client situations against similar demographic groups |
No information available | |
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Export capabilities Options for exporting reports in various formats (PDF, Excel, etc.) |
Reports can be exported in various formats (PDF/Excel) per product info. | |
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Regulatory compliance reporting Generation of reports required for regulatory compliance |
Regulatory compliance reporting cited as essential for RIAs using the platform. | |
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Report generation speed The average time required to generate complex financial reports |
No information available |
Security and Compliance
(9 Yes /9 Known /10 Possible features)
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Data encryption Encryption of sensitive data both in transit and at rest |
SS&C Advent materials specify data encryption at rest and in transit. | |
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Multi-factor authentication Additional security layers beyond password protection |
Multi-factor authentication is enabled for platform access. | |
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Role-based access control Granular permission settings based on user roles |
Role-based access and permissions management described in platform admin guides. | |
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Audit logging Detailed tracking of all system access and changes |
Audit logging and user activity tracking are standard for compliance. | |
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Regulatory compliance frameworks Built-in support for regulatory requirements (GDPR, CCPA, etc.) |
Supports GDPR and other compliance frameworks according to SS&C statements. | |
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Data residency options Control over geographic location of data storage |
No information available | |
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Secure client communication Encrypted communication channels with clients |
Client portal and communications are encrypted for secure messaging. | |
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Vulnerability testing Regular security testing and vulnerability assessments |
Regular penetration and vulnerability testing are part of security certifications. | |
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Disaster recovery Comprehensive backup and recovery capabilities |
Disaster recovery procedures are referenced in SS&C's platform SOC summaries. | |
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Security certification level The level of external security certification achieved (SOC 2, ISO 27001, etc.) |
Platform is certified to industry standards such as SOC 2 and likely others. |
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