As advisory firms grow, so do their investment operations. More clients, accounts, models, and customization can mean more time spent maintaining models, monitoring portfolios, rebalancing accounts, and executing trades.
Firms can continue adding people and infrastructure to support that growth or find a more scalable way to manage their investment operations.
For firms looking to reduce that operational burden, the Asset Manager Sponsor Program from SS&C Black Diamond Wealth Solutions provides a way to simplify the work behind investment management. Through Black Diamond's Model Marketplace and Managed Account Services, wealth managers can access professionally managed investment strategies and choose how much of the investment process they want to manage themselves. Participating asset managers sponsor the program, making trading for sponsored models available at no additional cost to wealth managers or their clients.
More Choice Without More Complexity
Every firm has its own investment philosophy and way of serving clients. A scalable investment platform should support those differences rather than force firms into a one-size-fits-all model.
Through the Model Marketplace, wealth managers can access investment strategies from leading asset managers and model providers, making it easier to find options that fit their clients and investment philosophy.
Firms can also create a curated model environment, including custom models, rather than relying solely on an off-the-shelf lineup. The Asset Manager Sponsor Program simplifies the work behind that lineup by maintaining models and processing updates within the Black Diamond environment. Firms can build around their preferred strategies and model providers without taking on the ongoing work required to keep those models up to date.
Flexibility to Decide What to Manage and What to Outsource
Managing investments looks different from one firm to the next. Some want to stay hands-on with trading and rebalancing, while others would rather have those tasks handled for them. Many want the flexibility to do both.
Wealth managers can access models through the Model Marketplace and use Black Diamond's Rebalancer to trade and rebalance portfolios internally. Those who want to hand off those responsibilities can use Managed Account Services.
For sponsored models, trading is included at no additional cost to the firm or client, helping firms manage trading and rebalancing without adding another expense. Firms can decide what to keep in-house and where outsourcing makes the most sense.
Keep the Work in One Place
Adding investment strategies shouldn’t mean adding another system to manage.
Model access, model maintenance, account assignment, rebalancing, and outsourced trading operate within the Black Diamond ecosystem. Keeping these capabilities connected helps firms simplify their investment workflows and reduce the time teams spend moving between systems.
The program also supports fee transparency through integrated gross- and net-fee reporting powered by Black Diamond’s billing and analytics capabilities. This helps firms keep track of investment costs and communicate them to clients.
Scale the Business, Not the Workload
With the Asset Manager Sponsor Program, firms can expand their investment offering, streamline model management, and choose how much of the investment process to handle internally.
That flexibility helps firms scale their investment operations while keeping teams focused on clients and business growth.
To learn more about how SS&C Black Diamond Wealth Solutions’ Asset Manager Sponsor Program can help simplify model management and reduce operational burden, request a personalized demo, call 1-800-727-0605, or email info@sscblackdiamond.com today.
