Too many trust officers still toggle between accounting systems, spreadsheets, and disconnected portals just to answer a single client question. For years, trust services have remained essential yet siloed; operationally critical, but isolated from the rest of the wealth management ecosystem. That changes now.
With the retirement of several legacy brands, all trust-focused capabilities are now unified under the SS&C Black Diamond® Wealth Solutions brand name. Black Diamond Trust Services not only delivers a comprehensive suite for fiduciary operations, retirement disbursements, and unique asset management, but one that is modern, scalable, and designed to meet the needs of wealth management firms.
What’s Included in Black Diamond Trust Services
Firms have long managed trust operations separately from portfolio management and client engagement. As a result, wealth managers dealt with slower workflows, increased risk, and more complicated compliance due to this fractured approach.
By bringing together once-disparate systems into a unified, purpose-built solution for fiduciary professionals, we are eliminating silos and centralizing core capabilities. Built on decades of fiduciary expertise, Black Diamond Trust Services seamlessly integrates with the broader Black Diamond ecosystem:
-
Accounting & Reporting: Full principal and income accounting, automated tax form generation, performance reporting, and support for charitable trusts and multi-currency portfolios.
-
Retirement & Benefits Payments: Automated processing for IRA and trust distributions, including built-in compliance logic and withholding management.
-
Unique Asset Management: Tools to track and manage mineral rights, real estate, oil and gas interests, and closely held businesses.
-
Managed Services: Flexible outsourcing options for document handling, reconciliations, and fiduciary bookkeeping support.
The trust companies and advisors who have used our solutions understand the power of each component on its own. Together, they form a fully integrated operational engine that is connected to Black Diamond’s CRM solutions, client portal, and investment tools. Advisors and trust officers are now better equipped to help families pass down not only their wealth, but also their values.
Reimagining Fiduciary Operations
Advisory firms have been cobbling together workarounds for years. Now, there’s a single platform built to bring everything together. For firms managing complex trusts, multigenerational wealth, or unique fiduciary assets, Black Diamond Trust Services provides a scalable, future-ready foundation.
If trust operations are core to your client relationships, they should be at the core of your technology strategy as well.
To discover how Black Diamond Trust Services can streamline your fiduciary operations and deliver a more connected client experience, request your personal demo, call 1-800-727-0605, or email info@sscblackdiamond.com today.
