Press Release

Advisors Using Advent’s Black Diamond® Wealth Management Platform Averaged Close to 25% Asset Growth in 2014

SAN FRANCISCO – June 4, 2015 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that the average advisor using the Black Diamond® wealth management platform increased their assets by 23% in 2014 , which is close to double the average asset growth reported by industry benchmarking studies which cite average advisor asset growth rates ranging from 11-14% in 2014.

“With savvy investors demanding seamless access to a complete and customized picture of their wealth, hundreds of advisors are turning to Black Diamond® for tools needed to help them tell their story to their clients,” said Dave Welling, Senior Vice President and General Manager of Black Diamond. “Our pioneering use of cloud-based technologies has evolved into a suite of elegant, wealth management solutions that empower Black Diamond® clients to clearly demonstrate the value they add. We’ve seen a tremendous response to the new Black Diamond® investor experience with over 110 advisors adopting it since mid-March. This illustrates that the investments we have made in the Black Diamond® platform are aligned with market trends, and we look forward to continuing this momentum in the future.”

Additionally, the recent recognition for Black Diamond® both as the winner of the “Best Client Reporting Solution” at the FTF News Technology Innovation Awards and being named a finalist for the “Innovation”, “Portfolio Management”, and “Client Portal” categories in the Industry Awards (winners to be announced in September), serve as a testament to the successful evolution of the platform into a full-featured wealth management solution.

Black Diamond® delivers a dynamic portfolio management, reporting, and rebalancing platform that is designed to help advisors and wealth managers better serve their clients. With sophisticated and flexible reporting tools that offer transparent access to their clients’ total wealth picture, Black Diamond® users can solidify their role as a trusted partner in their clients’ wealth journey.

Black Diamond® clients share their comments on working with Advent’s Black Diamond team and the platform:

“Black Diamond's approach to their clients is very much like our own,” said Joseph Larizza, Chief Administrative Officer, Fieldpoint Private. “While they have a lot of clients, we still feel the Black Diamond team is just focused on us. This personal support and attention to client detail are a big part of the value proposition.”

“Black Diamond has always kept a few steps ahead of its competitors in terms of technology, infrastructure, and user experience,” said Charlie Atwill, Principal, Atwill Financial Consulting Group. “The powerful tools and customization offered by Black Diamond® make it a critical part of my practice and a real pleasure to use day in and day out.”

“With more than 50 releases in the last two years, we have delivered on our commitment to constant improvement and refinement, and this has played a key role in the success of Black Diamond® to attract a lengthy and impressive client roster,” said Welling. “We are honored that hundreds of advisors and wealth managers have put their faith in Advent’s Black Diamond®. We pride ourselves on listening to our clients’ needs and working closely with them to provide innovative solutions that will empower them to strengthen and grow their client relationships.”

To see what’s coming next for the Black Diamond® platform, please join us at our annual conference, AdventConnect 2015. The conference this year will take place the Wynn Las Vegas, June 15-17, 2015.

About Advent
Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has never wavered. With unparalleled precision and ahead-of-the-curve solutions, we've helped over 4,300 firms in nearly 50 countries — from established global institutions to small start-up practices – to grow their business and thrive. Advent technology helps firms minimize risk, work together seamlessly, and discover new opportunities in a constantly evolving world. Together with our clients, we are shaping the future of investment management. For more information on Advent products visit

About Black Diamond
An independent business group of Advent Software, Black Diamond provides investment advisors and wealth managers with a cloud-based portfolio management platform offering aggregation, customizable reporting, and rebalancing combined with fully outsourced daily reconciliation and data management service. With innovative technology backed by exceptional service, Black Diamond® frees advisors to focus on serving clients and growing their business. More than 650 advisory firms have chosen Black Diamond® to help manage more than $300 billion in assets. Learn more at

Advent, Advent Software, Black Diamond, and the Advent and logo composite are registered marks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

Media Contact:
Kendall Reischl
Advent Software, Inc.
+1 (415) 645-1771