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SAN FRANCISCO, CA: Advent, software and service provider for investment management industry announces new Integration Network for cloud-based portfolio management platform Black Diamond. This new integration network will incorporate move money capabilities through Schwab OpenView Gateway, improve Black Diamond platform into a full-featured wealth management platform for portfolio management, reporting, and rebalancing.
Black Diamond platform was designed to guide financial managers and advisors better serve clients using depth and effective integrations with workflows across multiple advisor technology companies.
"Advisors need more than just integrations that deliver data -- they need integrations that become part of their daily workflows so their focus can remain on client service," says Dave Welling, Senior Vice President and General Manager of Black Diamond. "We have added more than 15 new integrations over the past year, and we are focused on continuing to add and deliver enhanced integrations to help advisors thrive as their businesses evolve."
Black Diamond platform's integration with Schwab OpenView Gateway offers secure, real-time access to account-level data from Schwab Advisor Center including balances, positions, transactions and alerts. The addition of move money capabilities allows shared clients to initiate fund transfer requests from within the Black Diamond. It also reduces the need for advisors to switch between Black Diamond and Schwab Advisor Center, saving time and making it easier for them to focus on serving their clients.
The current integration includes intraday information, account profiles, reports, and operational alerts. Advisors can benefit from comprehensive connections to industry solutions for functionalities, including CRM, financial planning, trading and rebalancing, and portfolio analytics
“The Black Diamond Integration Network offers advisors deep integrations across multiple solutions, not just a single vendor per solution," continues Welling. "We know that our more than 600 clients utilize many vendor relationships, depending on which solutions best suit their firm's needs, so we've made it our mission to support as many as possible."