Black Diamond now fully integrated with Schwab OpenView Gateway

Portfolio management, reporting and rebalancing platform is generally available.
JUL 07, 2013
Advent Software Inc. yesterday announced the full integration of its Black Diamond portfolio management, reporting and rebalancing platform with Schwab's OpenView Gateway service. The Charles Schwab Corp.'s technological offerings continue to gain momentum, as InvestmentNews reported in early July, and Schwab's collaboration with Black Diamond will provide mutual clients access to intraday data from the Schwab Advisor Center without leaving the Black Diamond platform. They currently share around 130 clients, according to Dave Welling, senior vice president and general manager of Black Diamond. During a pilot program, the companies received positive feedback from the advisers who used the system, Mr. Welling said. “Advisers just want to see the relevant data native to the platform that has their workflow,” he said. The Schwab-Advent partnership was initiated in October of last year and has since strengthened with the successful implementation of Black Diamond. “The new news is that the product is now generally available,” Mr. Welling said.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.