Advent’s Black Diamond portfolio management and reporting platform is now available to independent registered investment adviser firms who use Raymond James Financial as their custodian.
"The RIA firms affiliated with our division have the opportunity to choose from a wide variety of technology tools and resources,” says Mike DiGirolamo, managing director of the investment advisors division of Raymond James Financial. "We are committed to providing advisors industry-leading technology solutions and this latest announcement reinforces our commitment to offering choice to the RIA firms who work with Raymond James through the investment advisors division. We are pleased to collaborate with Black Diamond to make this performance reporting and allocation tool available for their consideration."
"We are very excited about this new relationship between Black Diamond and Raymond James, as in our opinion it brings together two of the premier service providers to the RIA industry," says Ted Rich, principal at Vinoy Capital. "The solid cultures of these two firms and their consistent commitments to serve the RIA industry at the highest level make them a perfect fit for such collaboration."
Advent’s Black Diamond platform provides independent advisers with an innovative and dynamic portfolio management and reporting solution delivered through an easy-to-use, web-based application. Raymond James’ advisers that select Black Diamond are able to access Black Diamond’s customisable portfolio management and reporting online from anywhere, anytime without time-consuming implementations or the need to maintain costly technology infrastructures.
"Raymond James has a great reputation for serving its advisors, and we are honored to be able to provide them and their clients with the robust tools they need to help their businesses thrive," says Dave Welling, general manager of Black Diamond, an independent business unit of Advent Software. "This announcement is the result of our long-term, ongoing relationship with Raymond James that has been built over the years and has proven to be a successful collaboration on many levels. We look forward to doing great things together that benefit Raymond James’ clients as we continue leading the industry in supporting advisers on their path to greatness by eliminating boundaries between systems, information and people."
