McGladrey Wealth Management Selects Advent’s Black Diamond Platform
SAN FRANCISCO– May 20, 2014
– Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that McGladrey Wealth Management LLC, an SEC-registered investment advisory firm owned by McGladrey LLP, has selected Advent’s Black Diamond portfolio management, reporting, and rebalancing platform to support its geographically dispersed wealth management teams and to help improve client experience.
McGladrey LLP is a leading U.S. provider of assurance, tax, and consulting services, focused on the middle market, with more than 6,700 employees in 75 cities nationwide. Its wealth management division, McGladrey Wealth Management LLC, provides investment advisory services, financial planning, and other wealth management services to individuals and businesses.
McGladrey sought a single solution to provide an enhanced reporting experience to their wealth management clients as well as to enhance the productivity of their advisors.
“We selected Advent’s Black Diamond platform to help us improve our operational efficiencies and add capacity for future growth while enhancing our client experience,” said Dale Phillips, senior director and chief operating officer, McGladrey Wealth Management LLC. “After conducting a thorough review of different solutions against our needs and requirements, we felt the Black Diamond platform and the team supporting it was the right decision for our firm.”
In addition to supporting its nationwide network of wealth management teams with the Black Diamond platform’s core portfolio management and sophisticated, customized reporting capabilities, the Black Diamond open integration network and philosophy offer McGladrey the flexibility and freedom to choose additional complementary solutions that integrate with the Black Diamond platform in the future versus having to choose one specific solution now.
“McGladrey is one of the most recognizable and highly esteemed names in the tax and wealth management space and we’re excited to be the platform of choice to enhance their overall client experience and support the firm’s growth,” said Dave Welling, Senior Vice President and General Manager of Black Diamond, an independent business group of 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 more than 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 http://www.advent.com.
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 500 advisory firms have chosen Black Diamond to help manage more than $220 billion in assets. Learn more at http://www.advent.com/blackdiamond.
Advent, Advent Software, and the Advent and logo composite are registered marks of, and Black Diamond is a mark of, Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.