The unified managed account platform supports portfolio management, trading, reporting, CRM, and alternative investment servicing.
Officials at SS&C Technologies report that assets on SS&C Black Diamond Wealth Solutions’ Turnkey Asset Management Platform (TAMP), a system for registered investment advisors (RIAs), have increased 2,000 percent to more than $2 billion in its first year.
The TAMP, run by SS&C ALPS Advisors, is part of the broader Black Diamond Wealth Solutions suite. “The offering combines portfolio management, trading, reporting, CRM, and alternative investment servicing in a unified platform,” officials say. “Advisors using Black Diamond can integrate managed accounts, trading, model implementation, and tax-aware strategies in stages without leaving their platform environment.”
The TAMP model is intended to help RIAs to:
- Scale portfolio management without adding headcount;
- Improve operational efficiency via centralized trading and rebalancing;
- Deliver customized portfolios; and
- Maintain visibility and control within a single system.
Officials attribute the growth to RIAs’ growing demands for “institutional-level portfolio management, tax efficiency, and customization on a single platform, without adding operational complexity or losing control of the client experience.”
SS&C Black Diamond officials are continuing to invest in the platform’s rebalancing tool, managed account services, and TAMP capabilities. The enhancements planned for this year include:
- Revamped model marketplace experience;
- New oversight dashboard and trade desk connection workflows
- Expanding asset manager partnerships, including new separately managed account strategists, and
- I.-based insights for better transparency around trade proposals
SS&C is headquartered in Windsor, Conn., and was founded in 1986.
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