What Black Diamond Wealth Platform does

Black Diamond Wealth Platform, legally SS&C Black Diamond Wealth Solutions, is a cloud-based, single-source wealth management platform operated as a division of SS&C Technologies (NASDAQ: SSNC). The platform consolidates the full wealth-management workflow — CRM, advisor client experience, portfolio management and reporting, trading and rebalancing, investment management, compliance and surveillance, alternative investments servicing, trust services, retirement and benefits payments, and an annuities and insurance marketplace — into one integrated system organized under four sub-brands: Elevate, Streamline, Optimize, and Expand. It serves 3,300+ financial firms across eight segments including RIAs, breakaway advisors, broker-dealers, family offices, banks and trust companies, asset managers, retirement service providers, and foundations, supporting over $4.3 trillion in AUM and 968K active users.

The underlying technology is a multi-tenant SaaS architecture with integrated data aggregation and accounting, automated trading and rebalancing engines, and specialized modules for alternative assets (including MineralWare for mineral rights). Pricing is quote-based subscription, tailored to firm size, AUM, and modules selected, with annual billing. Distribution is direct enterprise sales supported by inside sales for mid-market accounts, with no apparent channel or reseller model; conversion is driven primarily through a "Request Demo" call-to-action and content-led demand generation (blog, whitepapers, podcasts, industry events).

The business is a wholly-owned component of SS&C Technologies, which has invested over $15 billion in R&D, development, and acquisitions since 2012, providing the capital base underlying the platform's continued expansion. An 8.2 Net Promoter Score and industry recognition (2026 WealthTech Americas Best CRM Provider, Datos Insights, Family Wealth Report, WM Industry Awards) reflect strong customer satisfaction within the regulated wealth-management vertical. The firm employs 1,001–5,000 people and is headquartered in San Francisco, USA.

Name

Black Diamond Wealth Platform

Legal name

SS&C Black Diamond Wealth Solutions

Website

https://blackdiamond.advent.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Black Diamond Wealth Platform is a cloud-based SaaS wealth management platform from SS&C Technologies, serving 3,300+ RIAs, broker-dealers, family offices, banks, and asset managers with integrated CRM, portfolio management, trading, compliance, and trust services across $4.3T+ AUM.

Ownership category

akta.pro rank

Product category

Wealth Management Software

NAICS

Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Digital Wealth Platforms for Advisors (TAMP/Advisor Tech) (FSAGAEAH)

akta.pro secondary industries

Digital/Hybrid Private Wealth (Robo-Enabled HNW Service) (FSAAABAO), Digital/Hybrid Robo-Wealth & Retirement Advisory (FSAEABAK)

Keywords

• Wealth management software
• Investment management platform
• Portfolio management software
• Advisor CRM platform
• Trust and compliance software

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Platform SaaS/Subscription Licensing: Black Diamond operates as a SaaS-based wealth management platform, providing subscription access to its integrated suite of tools including CRM, portfolio management, trading, compliance, and trust services. The platform is marketed to financial firms of all sizes with pricing based on firm size, assets under management, or number of advisors/users.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

SS&C Black Diamond Wealth Solutions provides a cloud-based, single-source SaaS wealth management platform for RIAs, broker-dealers, family offices, banks, trust companies, asset managers, and retirement providers. The platform integrates CRM, portfolio management, trading and rebalancing, investment management, compliance surveillance, alternative investments servicing, trust services, retirement/benefits payments, business intelligence, and an annuities and insurance marketplace into one unified system to replace fragmented point solutions. Customers subscribe to discrete solution suites (Elevate, Streamline, Optimize, Expand) with quote-based enterprise pricing.

Product overview

The Black Diamond Wealth Platform is a unified, single-source wealth management platform offered by SS&C Black Diamond Wealth Solutions. The platform provides a comprehensive suite of integrated modules including CRM, Advisor Client Experience, Portfolio Management & Reporting, Trading & Rebalancing, Investment Management, Operations & Business Insights, Compliance & Surveillance, Alternative Investments Servicing, Trust Services, Unique Assets (including MineralWare), Retirement & Benefits Payments, and Annuities & Insurance Marketplace. Built on the foundation of SS&C Technologies, the platform serves over 3,300 firms including RIAs, breakaway advisors, broker-dealers, family offices, banks and trust companies, asset managers, retirement service providers, and foundations, supporting $4.3+ trillion in assets under management.

Differentiator

Problem solved

Functional benefit

Brands

• Elevate: CRM solution providing advisor client experience and annuities & insurance marketplace integrations.
• Streamline
• Optimize
• Expand
• Black Diamond Insights

Products and services

• CRM Client relationship management solution for wealth management firms to manage advisor-client relationships, communications, and client data within the unified Black Diamond platform. Part of the Elevate solution suite.
• Advisor Client Experience Solution enabling advisors to deliver enhanced client service and communications. Part of the Elevate solution suite.
• Annuities & Insurance Marketplace Marketplace for comparing and administering annuities and insurance products within the wealth management platform. Part of the Elevate solution suite.
• Portfolio Management & Reporting Portfolio management capabilities with integrated performance analysis and client communications reporting. Part of the Streamline solution suite.
• Trading & Rebalancing Trading execution and automated portfolio rebalancing tools integrated with the broader portfolio management system. Part of the Streamline solution suite.
• Investment Management Investment management services for overseeing and managing client investment portfolios. Part of the Streamline solution suite.
• Operations & Business Insights Business intelligence and operational analytics for firm management and decision-making. Part of the Optimize solution suite.
• Compliance & Surveillance Compliance monitoring and surveillance tools to help wealth management firms meet regulatory requirements. Part of the Optimize solution suite.
• Alternative Investments Servicing Servicing capabilities for alternative investments including private equity, hedge funds, and other non-traditional assets with unified multi-generational reporting. Part of the Optimize solution suite.
• Trust Services Trust management services for banks and trust companies handling multi-entity operations. Part of the Expand solution suite.
• Unique Assets (including MineralWare) Servicing for unique and non-traditional assets including collectibles, private assets, mineral rights, and oil/gas interests. MineralWare is a specialized module for managing mineral rights and oil/gas interests. Part of the Expand solution suite.
• Retirement & Benefits Payments Payment processing for retirement accounts and employee benefits administration for retirement service providers. Part of the Expand solution suite.

Quantifiable outcome

• 968K active users across the platform
• +3 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• SS&C Technologies (Parent Company)coreOthersSS&C Technologies is the parent company of Black Diamond Wealth Solutions (formerly SS&C Advent). Black Diamond is an offering of SS&C Advent, a division of SS&C Technologies, leveraging the parent's global financial services innovation infrastructure, R&D investment ($15B+ since 2012), and technology platform.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Envestnet: Large publicly-traded advisor technology and TAMP provider offering portfolio management, trading, and data analytics to RIAs and broker-dealers. Directly comparable in scale and breadth to Black Diamond, but with a wider product portfolio spanning data, research, and analytics.
• Salesforce Financial Services Cloud: Enterprise CRM platform with financial services extensions used by wealth managers for client relationship management. Comparable in the CRM/relationship management layer, but lacks Black Diamond's native portfolio management, trading, and compliance depth.
• Morningstar Advisor Workstation: Investment research and portfolio analytics suite used by RIAs and broker-dealers. Comparable as a research and portfolio analytics layer, often integrated alongside CRM/trading platforms that compete with Black Diamond's stack.
• Fidelity Wealth Advisor Solutions: Fidelity's advisor technology offerings including portfolio management, trading, and CRM capabilities for RIAs and broker-dealers. Comparable in scale and customer base, with custody integration as a key differentiator versus Black Diamond.
• Schwab Portfolio Technologies: Charles Schwab's advisor technology suite offering custody-integrated portfolio management and trading tools. Comparable in serving RIAs and broker-dealers, with deep custody integration as a differentiator versus Black Diamond's custodian-agnostic approach.

Direct peers

• Addepar: Modern portfolio management and reporting platform specializing in complex portfolios including alternatives, family offices, and UHNW clients. Direct competitor in the family office and large RIA segments, differentiated by modern UX and API-first architecture.
• Orion Advisor Solutions: Provider of an integrated wealth management platform for RIAs including portfolio management, reporting, trading, rebalancing, and CRM. Closest direct competitor to Black Diamond with overlapping target customers and a unified platform value proposition.
• Tamarac (Envestnet): Advisor portfolio management and reporting platform, now part of Envestnet. Direct competitor to Black Diamond's Streamline module in the RIA mid-market, with comparable rebalancing, reporting, and trading functionality.

Emerging players

• Riskalyze: Risk tolerance and proposal generation platform widely adopted by RIAs. Comparable as a complementary tool in the wealthtech stack, often integrated with platforms competing against Black Diamond, with overlap in client profiling and risk management modules.
• CAIS: Alternative investments marketplace and platform serving RIAs and wealth managers. Comparable in the alternative investments servicing space where Black Diamond's Optimize module competes, though CAIS focuses narrowly on alts distribution rather than full wealth platform functionality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ssc-advent

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Black Diamond Wealth Platform