“The new Black Diamond wealth platform, nicknamed 'BD3', aims to empower the advisor to tell their story through reporting and digital content that encompasses total net worth, income generation, planning, and goal setting,” said Dave Welling, senior vice president and managing director of SS&C’s Advent advisory market group. SS&C bought Advent last year.

Advanced reporting on fixed income and alternative investments, projected income reporting, and net worth reporting have been released through the new platform.

The new functionalities will help advisors interact more effectively with their clients, SS&C said, including a new home page view featuring a configurable dashboard.

For firms that prefer a self-service option, a report builder has been developed for report creation, while Black Diamond reporting consultants continue to offer services to provide best practices on report design and delivery. Existing clients will participate in a staged roll-out to transition to the new platform’s reporting capabilities.