Advyzon Investment Management and SS&C Technologies have announced changes to their platform offerings aimed at giving advisors broader access to managed portfolios and integrated technology solutions.
Advyzon Investment Management, the unified investment solutiions platform within Advyzon, has introduced Sphere, a manager-sponsored platform that offers financial advisors access to professionally managed model portfolios with zero strategist fees.
AIM positioned the launch as a cost-conscious move, aiming to remove barriers that have historically kept some advisors from offering institutional-grade strategies to their clients.
Sphere debuts with portfolios from six managers, including Franklin Templeton, Zacks Investment Management, VanEck, Innovator Capital Management, Potomac, and Janus Henderson Investors.
“Sphere isn't just another investment platform – it’s our commitment to democratizing access to sophisticated investment strategies,” said Lee Andreatta, chief executive of Advyzon Investment Management, said in a statement Thursday.
The platform provides a range of strategies, from traditional and tax-sensitive to alternative investments and tactical allocation, along with operational support for trading, reporting, and billing.
Greg Murphy, managing director of national sales at Zacks Investment Management, said Sphere “provides financial advisors and RIAs an end-to-end solution that will create practice management efficiencies, while also giving them access to cost efficient money management.”
According to the 2025 T3/Inside Information Software Survey, Advyzon has seen rapid growth in advisor adoption. It now holds an 11% market share in portfolio management and reporting tools – more than doubling its share over the past year.
Advyzon's move to launch Sphere follows Envestnet's own model portfolio update in June, when it expanded its lineup with new offerings from Fidelity Investments, BlackRock, Franklin Templeton, and State Street Global Advisors, among other names.
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Meanwhile, SS&C Technologies said it has consolidated its wealth management solutions under the SS&C Black Diamond Wealth Solutions banner.
The suite brings together the Black Diamond wealth platform – which was announced as the first to integrate with Morningstar's newly launched Direct Advisory Suite in February – and SS&C’s broader portfolio of wealth management services, aiming to provide advisors with a single point of access for technology and operations.
The unified platform now serves more than 800,000 users across over 3,000 firms, representing more than $3.6 trillion in assets.
“The wealth management industry continues to evolve amid the Great Wealth Transfer and changes in investor expectations,” said Steve Leivent, co-general manager of wealth and investment technologies at SS&C Technologies .
Leivent said the new Black Diamond suite “gives firms a truly integrated experience without the friction of working across separate systems,” allowing advisors to manage the full client lifecycle from one ecosystem.
The T3 survey found SS&C Black Diamond holds a 6.58% market share among portfolio management and reporting tools, while rating as a strong competitor among larger and more complex advisory firms.
Its user satisfaction rating stood at 7.94, which is above the category average. In the trading/rebalancing category, Black Diamond’s rating is 7.41, and it is frequently considered by advisors looking to switch platforms.
The survey notes that Black Diamond, along with Orion and Tamarac, is most popular with larger firms that have more complex operational needs.
Both Advyzon and SS&C say current clients will not experience disruptions to their existing systems or support relationships as their respective updates roll out.
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