Alternative investments are no longer just for institutions and ultra-high-net-worth clients. Private equity, real estate funds, and other private capital strategies are becoming more accessible and central to modern portfolios. Fueled by changes in accredited investor rules and a desire for portfolio diversification, client interest in alternatives is reaching new highs.

Over the past five years, SS&C Black Diamond® Wealth Solutions has seen alternative assets under management grow from $31 billion to $274 billion. This growth reflects a shared conviction across the wealth management community that alternatives deserve better tools, greater transparency, and more effective support. In response, we’ve expanded our native capabilities to support this growth, making it easier for firms to grow their alternatives business without adding operational overhead.

Turning Feedback into Actionable Features

Advisors told us that it shouldn’t be hard to see vintage-year exposure, and we agreed. That insight helped drive enhancements designed to turn data pain points into planning advantages, all without manual entry or complex workarounds.

Earlier this month, advisors gained access to additional powerful new features:

• Performance by Vintage Year - Quickly visualize performance and spot exposure trends

• Fund Manager-level Analysis – Compare risk and returns across managers

• Capital Call and Distribution Activities – No more spreadsheets to review

• Instant Updates to Timelines - Reflect changes in investment close dates and outside capital commitments

These updates build on what sets Black Diamond apart: robust reporting, seamless integration, and a unified platform for public and private investments. And because the platform connects directly to your existing data sources, no duplicate entries are required.

The Road Ahead

Later this year, we plan to preview a new cash flow projection module that helps advisors plan future capital calls, distributions, and liquidity gaps. It combines historical data with configurable assumptions to deliver clear, forward-looking insight.

Imagine logging in and instantly knowing which clients will need liquidity before they even ask. With that kind of visibility, cash flow planning becomes a strategic, rather than a reactive, process.

In the coming months, we will release a new flexible cost methodology specifically targeted at Alternative Assets. With features like lower limit tracking and transaction-level configurability, this new enhancement will make tracking cost on alternatives painless. Financial markets never slow down, and neither do we. 

Strategic Operational Help

For firms that prefer to outsource alternative operations, SS&C Accord provides scalable support. Whether you're managing five funds or fifty, SS&C Accord offers a powerful extension of your back office with no new hires required.

At SS&C, we believe that building for the future means more than adding features. It means investing in the long-term success of our clients. That’s why alternatives are an integral part of our product roadmap, service model, and ongoing dialogue with advisors.

We believe your technology should keep pace with your strategy. Whether you're deepening your alternatives offering or simplifying its day-to–day management, we're committed to helping you deliver a modern, comprehensive experience to every client.