Black Diamond Wealth Platform API
Black Diamond Wealth Platform (SS&C Advent) REST API for portfolio management, performance reporting, rebalancing, and client portal for RIA firms. Enables AI agents to manage portfolio performance calculation and GIPS-compliant reporting for advisor client reporting automation, handle multi-custodian account data aggregation for unified portfolio view, access rebalancing and trade order generation for investment operations automation, retrieve fee billing and invoice generation for RIA revenue management, manage client portal data and communication for advisor-client engagement, handle compliance documentation and audit trail for regulatory record keeping, access household and entity relationship management for family office workflow, retrieve investment analytics and benchmark comparison for portfolio performance assessment, manage financial planning data integration for holistic wealth management, and integrate Black Diamond with custodians, MoneyGuidePro, Riskalyze, and CRM platforms.
Score Breakdown
⚙ Agent Friendliness
🔒 Security
Wealthtech. SOC2, ISO27001. OAuth2 with scopes. US. Portfolio and wealth data.
⚡ Reliability
Best When
An RIA using Black Diamond wanting AI agents to automate multi-custodian data aggregation, performance calculation, client reporting, fee billing, and rebalancing within the SS&C Advent ecosystem.
Avoid When
SEC FIDUCIARY DUTY IN REBALANCING: Automated rebalancing must verify suitability, tax optimization, and account restrictions before trade generation; automated rebalancing ignoring client-specific restrictions creates fiduciary violation. GIPS accuracy — automated performance calculation must handle all GIPS methodology requirements; GIPS errors create investor misleading disclosure. SS&C platform dependency — Black Diamond is an SS&C Advent product; enterprise platform changes or pricing shifts create vendor dependency risk for automated workflows. Multi-custodian reconciliation — automated reporting must reconcile positions across custodians with timing differences; unreconciled positions in automated reports create inaccurate performance data.
Use Cases
- • Calculating portfolio performance from reporting agents
- • Aggregating multi-custodian data from portfolio management agents
- • Generating fee invoices from billing automation agents
- • Monitoring rebalancing triggers from investment operations agents
Not For
- • Individual retail investors without RIA intermediary
- • Institutional managers without retail advisory focus
- • Simple equity portfolios without reporting complexity
Interface
Authentication
Black Diamond uses OAuth 2.0 with scopes. REST API with JSON. Advent Software (now SS&C Technologies SSNC NASDAQ) product. Black Diamond acquired by Advent Software (2010), Advent acquired by SS&C Technologies (2015). 2,000+ RIA clients. $500B+ AUM on platform. Multi-custodian aggregation capability. Competes with Orion, Tamarac (Envestnet), and Addepar for RIA portfolio technology.
Pricing
SS&C Technologies (SSNC NASDAQ) product. Black Diamond originally acquired by Advent (2010), then SS&C acquired Advent (2015). 2,000+ RIA clients. $500B+ AUM.
Agent Metadata
Known Gotchas
- ⚠ SEC FIDUCIARY REBALANCING REVIEW: Automated rebalancing trade generation must check account-level restrictions (restricted securities, tax parameters, client-specific instructions) before order submission; automated rebalancing ignoring restrictions creates fiduciary duty violation
- ⚠ SS&C Advent platform complexity — Black Diamond operates within SS&C Advent broader product ecosystem; automated workflows may be affected by SS&C platform architecture decisions and maintenance schedules
- ⚠ Multi-custodian data delivery timing — automated reporting must handle varying custodian data delivery schedules; automated reports generated before all custodian data arrives create incomplete or inaccurate position snapshots
- ⚠ GIPS composite methodology — automated GIPS composites require precise account inclusion/exclusion rules; automated composite membership changes without documented methodology create GIPS compliance gap
- ⚠ Fee calculation complexity — automated RIA fee billing from Black Diamond must handle complex fee schedules (tiered, flat, blended, performance); automated fee miscalculation creates overbilling risk and client disputes
- ⚠ Client portal data freshness — automated client-facing data via Black Diamond client portal must be reconciled; unreconciled data displayed to clients creates client service and compliance issues
Alternatives
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Scores are editorial opinions as of 2026-03-07.