For years, wealth managers have promised holistic financial planning, yet workplace retirement accounts have remained a major blind spot.
Retirement assets now account for one-third of all US household financial assets, totaling $49.1 trillion at the end of 2025, according to the Investment Company Institute. Yet wealth management firms have historically had limited ability to actively manage those assets alongside the rest of a client’s portfolio.
Manual coordination, credential-sharing concerns, operational complexity, and compliance hurdles have made true integration difficult to scale. As a result, a client’s largest pool of investable assets has often remained outside the wealth manager’s day-to-day strategy.
That dynamic is now evolving.
Bringing Workplace Assets Into the Advisory Relationship
Future Capital enables wealth managers to incorporate workplace retirement assets into a more personalized wealth management experience. As a tech-enabled Registered Investment Advisor (RIA) specializing in retirement solutions, the firm has built tools to help wealth managers move beyond simple visibility into held-away accounts and toward actionable management.
Future Capital offers two primary solutions:
Core provides discretionary management for firms that prefer to outsource the management of workplace retirement accounts.
Construct is designed for firms seeking to retain full discretion and build custom allocations in-house.
Future Capital’s Construct solution addresses a persistent operational challenge by enabling efficient 401(k) asset management without adding friction. By combining workplace asset management technology with operational support, firms can manage held-away retirement assets without triggering custody requirements, building a new compliance infrastructure, or adding staff. Wealth managers can maintain their own investment models, customize allocations, and set their own fees at the account or AUM level.
The experience avoids many of the workarounds that have historically complicated 401(k) management. There is no need for client credential sharing, no disruption to existing custodial relationships, and no separate technology stack to manage.
Wealth managers are now empowered to position themselves as fiduciaries across a client’s full balance sheet.
Extending the Experience Through Black Diamond
Through a partnership with SS&C Black Diamond® Wealth Solutions, Future Capital’s functionality is accessible within a platform many firms already use every day. This integration enables firms to:
Reduce duplicate data entry through seamless data flow between the two platforms.
Streamline workflows for both wealth managers and operations teams.
Provide clients with a unified view of 401(k) and other investment accounts through the Black Diamond Client Experience Portal.
An upcoming trading integration will enable wealth managers to trade held-away 401(k) accounts directly through Black Diamond Rebalancer. From there, they can aggregate, report on, and bill against 401(k) assets without taking custody of client credentials. Together, these capabilities help close the long-standing “insight-to-action” gap.
Held-away retirement assets are among the industry’s largest pools of untapped billable AUM. Firms that can actively manage workplace retirement accounts as part of a broader wealth strategy can strengthen client retention, deepen household relationships, and differentiate themselves in a market where many competitors still struggle to manage held-away assets efficiently.
Holistic wealth management has long been an industry goal. The technology and infrastructure to fully support it are finally catching up.
To learn how SS&C Black Diamond Wealth Solutions can help your firm deliver holistic financial planning, request your personal demo, call 1-800-727-0605, or email info@sscblackdiamond.com. Ask about early access to the upcoming trading integration.
