Black Diamond Performance Reporting
Many wealth managers spend significant amounts of each day focusing on tasks that fall outside their core competency of driving revenue. One of these tasks is investment performance reporting. Effective performance reporting instills confidence in both prospective and existing clients. That confidence translates into increased assets under management. Existing assets also benefit through close and effective monitoring of investment strategies. To accomplish this in-house, software must be purchased and employees must be hired or trained to reconcile investment accounting data and produce performance reports. These implicit and explicit costs negatively affect the bottom line and efficiency of nearly every wealth management office, as well as inhibit their ability to grow.
At Black Diamond Performance ReportingTM, the value proposition we deliver is highly-effective performance reporting on an outsourced basis that allows you to focus on establishing and maintaining solid relationships with your clients, while continuing to grow their wealth. The Black Diamond solution provides:
- Daily Reconciliation and Returns
- Flexible, Customizable Reporting Levels
- Ad Hoc and Batch Client Report Creation
- Composite Reporting and Maintenance
- Cost Basis Tracking and Tax Lot Entry
- An Easy-to-Use, Customizable Home Page
- Outside Asset Entry
- Advisor Reports
- Client Billing
- Target vs. Actual