Black Diamond Wealth Solutions vs FinFolio
Black Diamond Wealth Solutions
sscblackdiamond.comFinFolio
finfolio.comSide by side
| Figure | Black Diamond Wealth Solutions | FinFolio |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 1 | 0 |
| Spec score · Investment Accounting Software | 8.1 (#4) | 7.6 (#12) |
| Spec score · Portfolio Management Software | 8.2 (#17) | 7.7 (#47) |
| Allocation analysis | Yes | Yes |
| API | The site describes an API for real-time and bulk financial data, workflow automation, data management, compliance reporting, and custom software. | FinFolio offers a documented REST API for data access and business functions including rebalancing, reporting, and imports. |
| Asset class coverage | multi_asset_alternatives | multi_asset |
| Founded | 2005 | FinFolio says it has made portfolio management and trading software since 2008. |
| Headquarters | Windsor, Connecticut, United States | FinFolio describes itself as centrally located in Denver, Colorado. |
| Integrations | The integration network includes custodial, CRM, financial planning, compliance, analytics, and trading providers, including Pershing, Fidelity, Salesforce, eMoney, and RightCapital. | The integrations page lists providers including Redtail, Wealthbox, RightCapital, Box.com, Schwab, Fidelity, and Microsoft Office. |
| Performance reporting | Yes | Yes |
| Product | Black Diamond Wealth Solutions is a connected technology platform for wealth and investment management firms. | FinFolio makes portfolio management software for investment advisors and professional wealth managers. |
| Risk analysis | Yes | Yes |
| Security | The compliance solution is described as hosted in secure data centers with advanced security protocols. | FinFolio describes segmented logins that restrict data by branch or user and says it uses Microsoft Active Directory for security. |
| Support | The company describes unified support for users across its solutions and provides a client service team contact. | The product page describes a support team, weekly webinars, in-app walkthroughs and on-site training for larger installations. |
| Tax-lot tracking | Yes | Yes |
| Trading | Its trading and rebalancing offering supports portfolio trading and rebalancing workflows. | Order management supports FIX-enabled order placement, execution, allocation, and trade processing. |
Plans
Black Diamond Wealth Solutions
- Black Diamond Wealth SolutionsPriced on request
In their own words
Black Diamond Wealth Solutions
Black Diamond Wealth Solutions is a paid, connected technology platform for wealth and investment management firms. It combines portfolio management and reporting with performance reporting, allocation analysis, risk analysis, and tax-lot tracking across multiple asset classes. Trading and rebalancing tools support portfolio workflows, while investment management includes managed models, personalized proposals, and outsourced trading and rebalancing services. A firm-branded client portal offers configurable portfolio views, communications, and a secure document vault. Integrations span custodians, CRM, financial planning, compliance, analytics, and trading providers, including Pershing, Fidelity, Salesforce, eMoney, and RightCapital. The API supports real-time and bulk financial data, workflow automation, data management, compliance reporting, and custom software. Clients can access reconciliation information through a network of over 800 custodians and prime brokers. Compliance tools include tests, dashboards, transaction surveillance, and case management supporting FINRA, SEC, CIRO, and AML/Bank Secrecy Act regulations. Web, iOS, Android, and API access are listed; pricing is by request and there is no free plan.
FinFolio
FinFolio is portfolio management software for investment advisors and professional wealth managers. Its platform combines multi-currency portfolio accounting, reporting, rebalancing, trading, billing, a mobile-ready client portal, and other back-office functions. The accounting engine calculates cost, performance, and other financial metrics; users can also analyze allocation and risk and track tax lots. Reports can carry a firm's logo and graphics, while dashboards support practice management. Rebalancing accommodates model-of-models, classifications, UMA, and SMA strategies, with tax-sensitive trading that considers account type, holding country, and unrealized gains or losses. Order management covers FIX-enabled order placement, execution, allocation, and trade processing. Firms can host the software themselves or use hosted deployment, and white-label it with their branding. A documented REST API supports data access, rebalancing, reporting, and imports. Integrations include Redtail, Wealthbox, RightCapital, Box.com, Schwab, Fidelity, and Microsoft Office. Pricing is on request, and the homepage offers a trial login for prospective users.