Advent Software, Inc. (NASDAQ: ADVS) said that Essex Financial Services, Inc. chose Advent´s Black Diamond platform as its portfolio management, reporting, and rebalancing solution.
The Black Diamond platform provides Essex advisors with a configurable performance reporting solution featuring an improved user environment, more streamlined workflows and expedient billing capabilities. Previously, Essex advisors needed to request client reports days before they were needed for client meetings. With the Black Diamond platform, they now have access to this information the day they need it, creating significant time savings to focus on developing client relationships. The platform also provides advisors with transparency into revenue flows before bills are distributed.
The Black Diamond platform offers end-users, both the advisor and their clients, with unmatched flexibility by providing them with remote access via a client portal and iPad app. Essex clients also have an opportunity to view their complete wealth picture with aggregated and detailed views of assets held not only with their advisor, but also those held elsewhere, such as 401(k) or IRA plans.
For more information on Advent products visit http://www.advent.com.
An independent business group of Advent Software, Black Diamond provides investment advisors and wealth managers with a cloud-based portfolio management platform offering aggregation, customizable reporting and rebalancing combined with fully outsourced daily reconciliation and data management service. Learn more at http://www.advent.com/blackdiamond.