SS&C Black Diamond Wealth Solutions

SS&C Black Diamond Wealth Solutions — commonly shortened to Black Diamond — is a cloud-based portfolio management, reporting and rebalancing platform sold by SS&C Advent, the wealth-management software unit of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC). The product is aimed at registered investment advisers (RIAs), wealth managers, family offices, bank trust departments and other advisory firms that need a single system of record for client portfolios, performance reporting, billing, trading and rebalancing, and client-facing digital experiences. Black Diamond's core proposition is outsourced, browser-based infrastructure: rather than running portfolio accounting software on their own servers, advisory firms access Black Diamond over the web, with SS&C handling data aggregation, custodial data feeds, hosting, security and upgrades. The platform aggregates positions and transactions from custodians and other data sources, produces performance and tax reporting, supports model-based rebalancing and trading, and provides a client portal and mobile app through which end investors can view statements and reports. It is typically paired with other SS&C Advent products — Advent Portfolio Exchange (APX), Geneva, Moxy and the Advent Genesis and Tamale/RMS product lines — and is often integrated with CRM, financial planning and reporting tools used by advisory firms. Black Diamond competes in the RIA portfolio-management and reporting software market against platforms such as Orion Advisor Tech, Envestnet/Tamarac, Addepar and custodian-provided tools. Its differentiation rests on SS&C's scale, its custodial data interfaces, and the breadth of the surrounding SS&C Advent suite, which lets a firm scale from a small RIA to a multi-billion-dollar wealth manager on the same vendor stack. Ownership history: Black Diamond was originally developed by Black Diamond Performance Reporting, a Florida-based software company, and was acquired by Advent Software in 2011. Advent Software itself was acquired by SS&C Technologies in 2015, and the product was subsequently rebranded under the SS&C Advent umbrella as SS&C Black Diamond Wealth Solutions. The brand therefore sits inside a public company (SS&C Technologies, ticker SSNC) but is itself a product line rather than a separately listed entity. Note on evidence: the supplied source snippets concern an unrelated news story about Truth Social and do not describe this product; the dossier below relies on well-established public facts about SS&C Advent and Black Diamond, and no claims are drawn from those snippets.

Black Diamond began as Black Diamond Performance Reporting, a software company based in Jacksonville, Florida, that built a web-delivered portfolio management and reporting system for independent advisory firms. Its early proposition was to relieve RIAs of running portfolio accounting software in-house by delivering performance reporting and portfolio accounting as a hosted service fed by custodial data feeds. In 2011, Advent Software — then the dominant vendor of portfolio accounting systems to investment managers, best known for Advent Portfolio Exchange (APX) and Geneva — acquired Black Diamond Performance Reporting. The acquisition gave Advent a cloud-native offering aimed at the faster-growing RIA and wealth-management segment, complementing its installed-base products. Black Diamond was subsequently marketed as Advent Black Diamond. In 2015, SS&C Technologies Holdings, Inc. acquired Advent Software in a deal that consolidated Advent's portfolio accounting, trading and reporting products into SS&C's larger financial-technology portfolio. After the acquisition, Advent's products were organized under the SS&C Advent brand, and Black Diamond was renamed SS&C Black Diamond Wealth Solutions. Under SS&C ownership the platform continued to be developed as a cloud offering, with integrations to custodians, CRM systems and other SS&C Advent products, and with a client portal and mobile app for end investors. Over time the product has been positioned as part of an integrated SS&C Advent stack that spans portfolio management (Black Diamond, APX, Geneva), trading and order management (Moxy), and data and reporting tools, allowing advisory firms to add capabilities as they grow. SS&C has continued to invest in the wealth-management segment through both organic development and acquisitions, and Black Diamond remains one of the group's principal platforms for the RIA and wealth-manager market.

• 2015

  SS&C Technologies acquires Advent Software; Black Diamond is rebranded under SS&C Advent as SS&C Black Diamond Wealth Solutions.

• 2011

  Advent Software acquires Black Diamond Performance Reporting, adding a cloud-native RIA platform to its portfolio accounting lineup.

• Black Diamond Performance Reporting founded in Jacksonville, Florida, offering hosted portfolio management and reporting to advisory firms.

Enterprise-grade, cloud-hosted portfolio management and reporting for RIAs, wealth managers and family offices, sold within the broader SS&C Advent wealth-management suite.

• Black Diamond Wealth Platform

  Cloud-hosted portfolio management, accounting, performance reporting, billing and rebalancing for advisory firms.

• Black Diamond client portal and mobile app

  Investor-facing digital access to statements, reports and portfolio information.

• Advent Portfolio Exchange (APX)

  Sister SS&C Advent portfolio accounting system for larger advisory and institutional firms.

• Geneva

  SS&C Advent portfolio accounting and reporting platform for institutional and alternative asset managers.

• Moxy

  SS&C Advent trading and order management system often paired with Black Diamond and APX.

• 2026.08.13

  Reported2026.08.13

  Vanguard launches Custom Model Portfolios for financial advisors[4]Vanguard为财务顾问推出定制模型投资组合investmentnews.com

  Vanguard launched Vanguard Custom Model Portfolios, an offering that lets financial advisors modify the firm's existing multi-asset and single-asset-class model portfolios to reflect individual client preferences. The offering is available through integrations with Vestmark, SS&C Black Diamond Wealth Solutions, and Orion, and carries a weighted average expense ratio of approximately 0.07%.

Read more

1. 1SS&C Advent — Wealth Management Softwareadvent.com
2. 2SS&C Technologies Holdings, Inc. — Investor Relationsinvestor.ssctech.com
3. 3SS&C Technologies — official sitessctech.com
4. 4Vanguard为财务顾问推出定制模型投资组合investmentnews.com
5. 5Vanguard Launches Custom Model Portfolios for Advisorswealthmanagement.com