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November 12, 2020 | Tom Ballard

SmartRIA announces expanded relationship with SS&C Technologies’ Black Diamond® Wealth Platform

We posted this update on Knoxville-based SmartRIA several weeks ago with a teaser that more announcements were forthcoming. Yesterday, that alert came via a news release that follows.

SmartRIA, a leading compliance software platform for financial advisors, today announced an expanded relationship with SS&C Technologies’ Black Diamond® Wealth Platform. This alliance strengthens the deep integration between the two solutions with a committed focus and investment from both parties to advance the integration.

“Our ability to maintain compliance workflows has been greatly enhanced with the partnership between Black Diamond and SmartRIA, and we are excited to experience the collaborative improvements from these critical business partners in the future,” said Tyler McMurray, Operations & Compliance Manager of Visionary Horizons Wealth Management.

The existing, deep integration between the two systems allows RIA firms to create a 360-degree view of client households, facilitating surveillance of mission-critical compliance issues and oversight of fiduciary responsibilities to investors. The holistic approach streamlines awareness and remediation of potential problem areas such as missed client annual reviews, trading inactivity, high account cash balances, performance variation and other compliance problems.

“We are excited about creating an even stronger relationship with SmartRIA,” said Justin Wayne, Director, Solutions Management, SS&C Advent. “By combining SmartRIA’s cutting-edge compliance solution with Black Diamond, we are well-positioned to help advisory firms grow and scale while meeting their compliance needs.”

“The expansion of our partnership with Black Diamond makes great sense for our mutual customers,” said Mac Bartine, CEO of SmartRIA. “By working even closer together, we will continue to make it faster and easier to solve the complex regulatory oversight needs required by growing financial services companies.”

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