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01 October 2019

Black Diamond Partners with the RightCapital Financial Planning Solution

One of the key objectives of the Black Diamond® Wealth Platform is to provide investment advisors with a centralized business hub so they can easily access all the solutions they need to build and manage their clients’ portfolios. We achieve this by entering into tight integration partnerships with leading providers of solutions that complement our platform. This not only saves time, but it also enables advisors to serve their clients in a seamless and holistic fashion, which in turn strengthens client engagement, trust and long-term loyalty.

The latest example, is RightCapital, whose next-generation financial planning tool enables advisors to create comprehensive retirement, education, budgeting and tax plans for clients in a matter of minutes. Clients will be able to view and track their financial plans right alongside their portfolios and performance through the Black Diamond Client Experience online portal. Near-term plans also call for RightCapital to integrate into the Black Diamond Relationship Timeline, an interactive feature of the Client Experience portal that allows clients to see key milestones in their financial journey. With this integration, advisors can easily mark the achievement of each client’s short- and long-term financial planning goals, while also drawing attention to steps clients may still need to take to meet their objectives.

“Clients are looking for more than just investment advice from their wealth managers,” says Steve Leivent, Senior Vice President, Advisory, SS&C Advent. “They want a relationship with someone who understands their goals and can give them guidance around their whole wealth picture. Our integration with RightCapital allows advisory firms to incorporate their clients’ tax, investment, insurance, college planning and budgeting goals into our Client Experience portal. It’s another big differentiator for Black Diamond firms.”

RightCapital joins a distinguished ecosystem of technology partners spanning a wide range of functions, including CRM, portfolio analytics, managed accounts and more. In the coming months, we’re planning to further enrich the Client Experience portal by integrating a number of additional partners. For more details about the RightCapital partnership, check out the press release.