Are clients listening when you talk about risk?

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Advisors play many roles with their clients: coach, teacher, collaborator, and even therapist.  That’s because advisors have a vital role in guiding their clients through the many areas of their holistic financial life.  This can be quite difficult based on the personal and complex nature of the topics as well as the emotional and irrational decision-making that financial matters can so often lead to. This is especially true in the conversation around client and portfolio risk.

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Posted in Advisors, Asset Managers, Black Diamond Performance Reporting, Technology, Uncategorized, Wealth Management and Financial Planning

Digital Client Experience: Trends and Opportunities for Advisors

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There’s a lot to say about the evolution of the investor or client experience. Most advisors might still be transitioning from the era of flip books as quarter-end reports to a blend of paper and interactive “reports” in client meetings, whether live or virtual. Today we know people’s lives are digital – and increasingly so, across all aspects of their interactions and relationships. On any given Saturday morning, clients of advisors today might choose to read the news and check their portfolio on a tablet while sipping coffee on their deck. Advisors need to solve for this new dynamic.

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Posted in Advisors, Black Diamond Performance Reporting, Technology, Traditional and Alternative Asset Management, Uncategorized, Wealth Management and Financial Planning

Cloud Computing Still Wrestling with Cybersecurity Fears

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Cloud computing has become a central component in wealth managers’ future development and success. Indeed, many of the innovations wealth managers are pursuing are only possible thanks to the low-cost data storage and high processing power the cloud affords.

No wonder then that three-quarters of respondents to the latest WealthBriefing/SS&C Advent Technology & Operations Trends survey[1] say they plan to increase their use of cloud technology over the next three years.

Yet despite the evident benefits, concerns remain—particularly when it comes to firms’ most sensitive data.

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Posted in Advent Software, Compliance, Regulation, Compliance, and Security, Wealth Management

The Power of Black Diamond and Riskalyze Unveiled

 

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Over the weekend, our developers released a new native integration (Version 2.0) between Riskalyze and Black Diamond. We’ve been working with Riskalyze since last fall when we announced our partnership and an initial data-sharing integration. Since then, we set out to create a better experience for financial advisors leveraging the power of both tools to offer advisors a more comprehensive and unified solution.

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Posted in Advisors, Asset Managers, Black Diamond Performance Reporting, Risk, Technology, Wealth Management and Financial Planning

NorthRock Partners – In House Excellence

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Kicking off the first in a series of profiles of Black Diamond clients, we were fortunate to be able to sit down with Brent Field, Chief Investment Officer for NorthRock Partners. Based in Minneapolis, MN, NorthRock oversees approximately $1 billion in assets for 500 households.

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Posted in Advisors, Asset Managers, Black Diamond Performance Reporting, Technology, Wealth Management and Financial Planning

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