SS&C Black Diamond Wealth Solutions

What SS&C Black Diamond Wealth Solutions does

SS&C Black Diamond Wealth Solutions is a cloud-based, single-source wealth management platform serving registered investment advisors, broker-dealers, family offices, banks, trust companies, asset managers, retirement services providers, and foundations. The platform is reported to support over 3,300 advisory firms, 968,000+ active users, and $4.3 trillion+ in assets under management. It operates as a division of SS&C Advent under SS&C Technologies Holdings Inc. (NASDAQ: SSNC), with its headquarters in Jacksonville, Florida, and is sold primarily through consultative enterprise sales backed by SS&C's global distribution network.

The product architecture centers on the Black Diamond Wealth Platform, an integrated suite covering portfolio management and reporting, trading and rebalancing, investment management, alternative investments servicing (via the SS&C Accord integration), trust services, compliance and surveillance (including Digital Message Surveillance), advisor client experience, annuities and insurance marketplace, retirement and benefits payments, and the MineralWare solution for mineral rights and unique assets. The Black Diamond Engage CRM, Workflow Manager, and Client View modules extend advisor workflow automation. In 2025 the company launched a Turnkey Asset Management Platform (TAMP) that reached over $2 billion in AUM in its first year, with a 2026 roadmap adding a Model Marketplace, Oversight Dashboard, and AI-driven trade insights.

Revenue is generated through subscription-based SaaS contracts, typically quoted as a percentage of AUM or per-advisor/per-user fees on annual billing cycles, with pricing tailored to firm size, AUM, and module selection. The go-to-market is enterprise field sales using consultative demos, supplemented by SS&C Technologies' cross-sell channels, content marketing (blog, Tech It Up podcast, whitepapers), and flagship events such as the SS&C Deliver Conference and the Wealth Solutions Executive Forum. The company holds SOC 1, SOC 2 Type I and II, ISO 27001/27017/27018/27701, GDPR, and CCPA/VCDPA certifications, and has been recognized with the 2026 WealthTech Americas Best CRM Provider award, Datos Insights best-in-class recognition, and Family Wealth Report awards.

Name

SS&C Black Diamond Wealth Solutions

Legal name

SS&C Black Diamond Wealth Solutions

Website

https://sscblackdiamond.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

SS&C Black Diamond Wealth Solutions provides a cloud-based, single-source wealth management platform serving 3,300+ advisory firms managing $4.3T+ in AUM. The integrated suite unifies CRM, portfolio management, trading, rebalancing, compliance, trust services, and alternative investment servicing via modular SaaS subscriptions.

Ownership category

akta.pro rank

Product category

Wealth Management Technology

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Trust, Fiduciary, and Custody Activities (523991), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

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

akta.pro secondary industries

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

Keywords

• Wealth management platform
• Portfolio management software
• Advisor CRM software
• Trust accounting software
• Investment reporting tools

Headquarters

HQ city

Jacksonville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscription: The company operates as a SaaS platform providing wealth management technology solutions to financial advisory firms. Pricing is subscription-based, typically charged as a percentage of AUM or per-advisor/user fees. The platform's comprehensive nature (CRM, portfolio management, trading, compliance, trust services) suggests a recurring subscription model where firms pay ongoing fees for access to the integrated suite of tools.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

SS&C Black Diamond Wealth Solutions provides a single-source, cloud-based wealth management platform that consolidates CRM, portfolio management and reporting, trading and rebalancing, investment management, billing, compliance and surveillance, trust and retirement services, and alternative investment servicing into one integrated system for financial advisory firms. The platform also offers specialized solutions for unique assets (including mineral rights via MineralWare), a Turnkey Asset Management Platform (TAMP), and managed services through SS&C Innovest, serving over 3,300 advisory firms with $4.3T+ in AUM.

Product overview

SS&C Black Diamond Wealth Solutions is a comprehensive platform-plus-modules architecture offering a unified wealth management ecosystem. The core Black Diamond Wealth Platform serves as the central hub connecting portfolio management & reporting, trading & rebalancing, CRM (via Black Diamond Engage), investment management, alternative investments servicing (via SS&C Accord), trust services, compliance & surveillance, and specialized solutions for unique assets including MineralWare for mineral rights. The platform is designed for RIAs, broker-dealers, family offices, banks, trust companies, and asset managers, serving over 3,300 advisory firms with $4.3T+ in assets under management. Additional modules include the Turnkey Asset Management Platform (TAMP) for institutional-level portfolio management, the Annuities & Insurance Marketplace, and SS&C Innovest Managed Services for outsourced operations.

Differentiator

Problem solved

Functional benefit

Brands

• Black Diamond Wealth Platform: The primary technology platform providing portfolio management, reporting, trading, rebalancing, and client relationship management for wealth management firms.
• Black Diamond CRM
• MineralWare
• Advent Insurance Marketplace

Products and services

• Black Diamond Wealth Platform The flagship unified cloud-based wealth management platform connecting portfolio management, trading, rebalancing, CRM, compliance, trust services, and reporting across the advisory firm. For RIAs, broker-dealers, family offices, banks, trust companies, and asset managers.
• Turnkey Asset Management Platform (TAMP) Turnkey Asset Management Platform providing registered investment advisors with institutional-level portfolio management, tax efficiency, and customization capabilities without adding operational complexity.
• Black Diamond CRM (Engage) Client relationship management solution for wealth management that supports every stage of the advisory process with embedded workflow automation, pipeline building, and client relationship optimization.
• Alternative Investments Servicing (SS&C Accord) Alternative investment document and data management solution integrating with Black Diamond to consolidate portfolio insights across alternatives and custodial accounts, using AI-assisted workflows for data capture.
• MineralWare Specialized solution for managing mineral rights, tracking royalties, suspended funds, and providing comprehensive accounting and reporting for mineral asset owners (oil, gas, and mineral ownership).
• Compliance & Surveillance Compliance oversight tools including Digital Message Surveillance (DMS) for monitoring email, text, social media, and corporate communications to meet regulatory requirements, plus an Oversight Dashboard for surveillance.
• Trust Services End-to-end support for fiduciary and trust operations, enabling banks, trust companies, and family offices to manage complex ownership structures and multi-generational wealth.
• Annuities & Insurance Marketplace Integrated insurance marketplace enabling advisors to leverage commission-free insurance products within the wealth management workflow.
• SS&C Innovest Managed Services Managed services offering that provides outsourcing of trading, rebalancing, and portfolio management operations to SS&C specialists.
• Model Marketplace Marketplace for model portfolios enabling advisors to access and implement pre-built or custom investment models for scalable personalization across client segments.

Quantifiable outcome

• $2B+ AUM on TAMP in first year with 2000% growth
• +4 more outcomes

Named customers11 records

Segments8 records

Ideal customer profiles8 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core and minor.

• SS&C AccordcoreTechnology or IntegrationSS&C Accord seamlessly integrates with Black Diamond for alternative investment document and data management. The combined solution consolidates portfolio insights by integrating alternatives and custodial accounts into a single view, with AI-assisted workflows accelerating data capture.
• Bank of America Private BankminorOthersReferenced in blog content regarding research on younger investors. According to Bank of America Private Bank study, 7 in 10 younger investors believe achieving above-average returns requires looking beyond traditional stocks and bonds, supporting Black Diamond's focus on alternative investments and modern portfolio management.
• Datos InsightscoreTechnology or IntegrationDatos Insights named SS&C Accord with its seamless integration into Black Diamond as a best-in-class solution for alternative investment document and data management tools. This analyst recognition validates the integrated product approach.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Envestnet: Envestnet is one of the largest advisor technology and TAMP providers, serving RIAs, broker-dealers, and banks with portfolio management, reporting, and wealth planning. It competes head-to-head with Black Diamond in the integrated advisor platform category and the TAMP space.
• Addepar: Addepar offers a portfolio management and analytics platform for family offices, RIAs, and private banks, with strong capabilities in alternatives and consolidated reporting. It is a direct competitor in the family-office and high-net-worth segment that Black Diamond serves via its wealth and unique-asset modules.
• SEI Investments (SEI Advisor Network / Wealth Platform): SEI provides wealth management technology, TAMP services, and back-office outsourcing to advisors and family offices. Its integrated platform and TAMP offering compete directly with Black Diamond's TAMP and operations services.
• Advisor360°: Advisor360° provides an integrated SaaS platform for broker-dealers and RIAs covering CRM, portfolio management, reporting, and compliance. Its single-source architecture directly mirrors Black Diamond's positioning and competes for the same enterprise and breakaway-advisor customers.
• Orion Advisor Solutions: Orion provides a unified advisor platform spanning portfolio management, reporting, rebalancing, trading, and CRM for RIAs and broker-dealers. It is a direct competitor to Black Diamond's integrated wealth platform, particularly in the mid-market and enterprise RIA segments.
• Assetmark: Assetmark provides a wealth management platform and TAMP serving RIAs with custodial, trading, model marketplace, and practice management capabilities. Its TAMP and platform offering competes directly with SS&C Black Diamond's TAMP and integrated wealth solutions.

Emerging players

• iCapital: iCapital provides a platform for alternative investments access for advisors, family offices, and HNW investors. It competes with Black Diamond's alternative investment servicing and SS&C Accord integration in the alts-on-platform category.

Broad incumbents

• Salesforce Financial Services Cloud: Salesforce's Financial Services Cloud provides CRM and engagement capabilities for wealth managers and banks, increasingly extended into advisor workflows. It competes with Black Diamond's CRM (Engage) layer and is a credible alternative for large enterprises with deep Salesforce ecosystems.
• Schwab Advisor Services: Schwab serves RIAs through custody, technology, and Schwab Advisor Center. As a custodian-owned platform, it competes indirectly with Black Diamond, particularly for advisors standardizing on Schwab custody and seeking bundled technology.
• Fidelity Institutional Wealth Services: Fidelity Institutional offers custody, advisor technology, and practice management to RIAs and breakaway advisors. Its broad portfolio overlaps with Black Diamond's RIA, breakaway, and broker-dealer target segments, competing on scale and integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeopen.spotify.com/episode/3ApKwhejZR39dgMsnuzWkT?si=37f3516182a5499c
• LinkedInlinkedin.com/company/ssnc-black-diamond-wealth-solutions

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 SS&C Black Diamond Wealth Solutions