Tag Archives: Black Diamond Performance Reporting

FPPad Bits and Bytes for May 6

Today is the final day of FPA Retreat 2011, and Bill will soon be flying to Baltimore for a short weekend visit before returning to Dallas next Monday. As the events at Retreat unfolded, we’ve taken brief breaks to cover the best of technology news for advisers this week.

Here are this week’s stories of interest:

TechCheck: Archiving for QuickBooks gets quicker from InvestmentNews.com

This InvestmentNews update covers a new Quickbooks integration in eFileCabinet Inc., a free social media policy resource, and news of the partnership between Trust Company of America and Black Diamond Performance Reporting.

TradeWarrior and TradePMR Announce Integrated Partnership from MarketWire.com

TradeWarrior and TradePMR announced today an integration between the two firms. The partnership provides TradePMR advisors with the ability to seamlessly export their client data files into TradeWarrior’s powerful rebalancing and trading system. The affiliation marks the first time TradePMR has made rebalancing software available to their advisors.

Lean on Me at FA-Mag.com

The major custodians are taking a leaf from the page of the independent broker-dealers who, in the best of cases, look beyond their advisors’ need for trade execution to the entire area of practice management.

Dropping Out of the Tech Arms Race at RegisteredRep.com

But even while confidence has slowly crept back among advisors, as the market has cooperated as well, many are still holding tight to the lessons of the past few years — spending on technology, but with a new kind of financial savvy and discretion.

Read Bill’s column for the May issue of the Journal of Financial Planning, Five Misconceptions About Document Management

Financial planners have benefited tremendously from new technologies introduced in the digital age by being able to conduct much of their business while on the go. However, one area of the digital movement that financial planners have been slow to adopt is document management technology.

The Tech Needs of Advisors on Advisor TV at Financial-Planning.com

At the Tiburon CEO Summit, Stuart DePina, CEO of software provider, Tamarac Corp., discusses what firms need to do with technology to service clients more effectively.

FPPad Bits and Bytes for April 22

We spent the week finalizing details on several new speaking engagements and attended Redtail University in Dallas on Tuesday to get a better look at Redtail’s Project Leapfrog CRM (a name we’re fond of as Bill once wrote software for LeapFrog Toys).

See our speaking page to view details on new engagements added for FPA chapters and NAPFA conferences later this year.

Without further ado, here are this week’s stories of interest:

Commonwealth Finds Compliant Solution to Interactive Social Media from FA-Mag.com (additional coverage from AdvisorOne.com)

FPPad readers know about Commonwealth Financial Network’s relationship with Erado from our Bits and Bytes coverage on April 8. In June, Commonwealth will be the first broker-dealer to roll out what it considers to be a FINRA-compliant social media solution to its reps. What remains to be seen, though, is exactly who is responsible for creating and maintaining social media policies and procedures: Commonwealth’s compliance department, individual reps, or both?

Trust Company of America adds inexpensive Black Diamond technology — in its own way from RIABiz.com (and press release coverage from FA-Mag.com)

With an eye toward creating a slick package of integrated, easy-to-use software for breakaway brokers, Trust Company of America reported today that it became the latest asset custodian to make Black Diamond Performance Reporting part of its arsenal.

Make sure all your data are safe from InvestmentNews.com

Keeping client data safe has become even more important in light of all the sensitive information that is now being stored on portable devices.

Read the final part of an interview AdvisorWebsites.com conducted with Bill on financial adviser technology:Bill Winterberg Talks Technology: Part 4 (be sure to read Part 1,Part 2 and Part 3).

Get the Latest FPA-ActiFi Technology Report on Portfolio Management Software

Next to Client Relationship Management (CRM) software, portfolio management software is one of the tools most used by financial advisers. Such software is the lifeblood of any asset manager, where all the details of asset allocation, tax lot detail, and performance history are contained.

In its latest edition of its reports, FPA and ActiFi today released the “FPA-ActiFi Adviser Technology Reports: Portfolio Management Edition” highlighting 10 different software solutions in use by advisers. Soltuions reviewed include the following:

  • Advent Portfolio Exchange (APX)
  • Advisors Assistant (Client Marketing Systems Inc.)
  • Albridge Portfolio Management (Albridge – Pershing)
  • AssetBook (Major Technology)
  • BlueSky (Black Diamond)
  • FinFolio Workstation 2010 (FinFolio)
  • Morningstar Office (Morningstar)
  • Orion Advisor Services (Orion Advisor Services)
  • PortfolioCenter (Charles Schwab)
  • Solution 360° (Interactive Advisory Software)

Like previous FPA-ActiFi reports, FPA members have free access to the comprehensive research. The report is also available for purchase by non-members for $495 through the FPA Research Center.

Click here to view the report (FPA member login required).

Black Diamond Performance Reporting Announces Enhanced Portfolio Management Platform

Black Diamond Performance Reporting of Jacksonville, Fla. just announced that it is releasing an enhanced portfolio management and reporting platform called BlueSky.

To read the press release from Black Diamond, click the following link: http://www.blackdiamondreporting.com/whoweare/press

BlueSky is a web-based platform that enhances standard portfolio management and performance reporting features by adding an array of customizable options. BlueSky users can now configure the appearance and settings of their home page under the SkyViews feature.

Read More…

Black Diamond Inks Deal with Shareholders Service Group

Update: Brooke Southall and his team at RIABiz posted an article today discussing the partnership in more detail. Read it by clicking here.

Another custodian has formed a partnership to increase its technology offerings to affiliated advisers.

Shareholders Service Group (SSG) of San Diego, Calif. announced today that it is partnering with Black Diamond Performance Reporting of Jacksonville, Fla. to deliver its industry leading, web-based portfolio management and reporting system through the SSG platform.

Click here to view the press release for the Black Diamond and SSG partnership (Yahoo! News).

Read More…