As we close the books on 2024, it’s time to reflect on a momentous year for SS&C. This was a year of breakthroughs where innovation met execution and our commitment to empowering wealth manager and their clients translated into measurable impact. SS&C has yet again redefined what’s possible in wealth management technology, from integrating wealth applications to launching cutting-edge features.
Connecting Platforms, Empowering Advisors
2024 saw a deeper integration of SS&C’s key wealth platforms— Black Diamond®, Innovest®, and Salentica®. For wealth managers, this is more than connecting systems. It is providing real-time access to unified data streams, enabling faster decisions and the ability for them to truly personalize their client experiences.
The synchronization of contact data between Salentica and Black Diamond is a standout enhancement that eliminates redundancies, improves data accuracy, and gave users a seamless approach to manage relationships. Similarly, Innovest contributed to this connected ecosystem by enhancing data flows related to trust accounting and reporting, providing trust officers with deeper insights into client portfolios. These integrations are part of a broader vision: creating a fully connected ecosystem where every tool works in harmony to drive client success.
Advanced Groupings: Transforming Advisor Workflows
The launch of Advanced Groupings is a defining moment for SS&C this year. Designed to empower advisors to create tailored reporting structures, this feature exceeded all expectations. With over 90% adoption, Advanced Groupings is an essential tool for users looking to streamline workflows and deliver highly customized reports.
At its core, this feature eliminates time-consuming manual interventions. Advisors can now effortlessly manage custom and system fields, adding new data points tied to their firm’s schema. The result? Significant time savings and a sharper focus on client needs.
The team spotlighted Advanced Groupings’ success in a client webinar, where more than 300 attendees engaged in an in-depth Q&A session. The takeaway was clear: this isn’t a feature—it’s a game-changer.
Client-Centric Enhancements Across the Platform
In 2024, SS&C prioritized solutions that make life easier for wealth managers and results better for their clients. Another key innovation introduced this year, Classification Overrides, allows advisors to reclassify holdings outside their firm’s standard schema. This ensures reports reflect the most relevant data, tailored to clients’ unique needs.
Expansions like the API Batch Enhancements delivered more configurability and scalability for operational processes. These updates reduced administrative burdens while maintaining data consistency across systems. Meanwhile, Salentica’s improved integration with Black Diamond® reinforced our commitment to giving advisors the tools they need to thrive.
Revolutionizing Investment Management
Wealth managers rely on SS&C for tools and strategic solutions that simplify complex workflows. This year, the revamp of tax-loss harvesting and cash management workflows provided platform users with intuitive ways to optimize portfolios. Similarly, dynamic modeling capabilities and custom rebalance groups empowered firms to align strategies with individual client goals.
The launch of Proposal Generation brought an entirely new layer of functionality to Black Diamond, enabling wealth managers to build customized proposals with ease and precision. These innovations represent SS&C’s dedication to simplifying investment management while delivering measurable results.
What’s Next for SS&C in Wealth Management Innovation
As we move into 2025, SS&C remains focused on empowering advisors and clients alike. The upcoming launch of the Manager Asset Strategy reporting feature, scheduled for Q1, promises to provide clearer visuals and a consolidated view of separately managed accounts.
Our vision extends beyond new features. SS&C is building a future where technology adapts to the needs of wealth management firms, not the other way around. From reducing operational inefficiencies to driving personalized client interactions, our mission is to help our clients stay ahead in a rapidly evolving industry.
2024 was a year of milestones, and 2025 will be a year of possibilities. Let’s continue shaping the future of wealth management together.
For more information on how the SS&C Black Diamond Wealth Platform can support your unique advisory firm, request your personal demo, call 1-800-727-0605, or email info@advent.com.
