Financial advisors today face a challenge: how to balance secure, long-term solutions with the need to stay competitive. Annuities and insurance have long been staples of wealth management, but for too long, these items have been stuck in the financial planning shadows; they’ve been treated as extras instead of essentials.
SS&C’s Black Diamond® Wealth Platform is changing that by fully integrating annuities and insurance, ensuring they’re as accessible and transparent as any other investment.
A Unique Approach
With the Advent Insurance Marketplace Powered by DPL (AIM), finding and investing in these essential products is easier than ever. The platform gives advisors access to a broad range of no-load annuities and top-tier insurance products, including life, disability, and long-term care policies. Through Black Diamond’s Client View, advisors can efficiently explore, evaluate, and incorporate these options into client portfolios without the traditional headaches.
Annuities and insurance provide real financial security: guaranteed income for life, protection against the unexpected, and tax advantages that investments alone can’t always offer. Yet managing these products has historically been a challenge. Complex terms, varying fees, and policy monitoring require constant attention. Black Diamond simplifies all of that, allowing advisors to spend less time on administrative tasks and more time serving their clients.
Streamlining Complexity with Automation
One of Black Diamond’s standout features is its ability to standardize annuity and insurance files through the proprietary Advent Custodial Data (ACD) network. This automation seamlessly integrates policy characteristics and key details into core reporting tools, including a dedicated insurance-specific policies page. Advisors can quickly access contract terms, rider benefits, and performance data within Client View, while clients get a clear picture of their policies through the Client Portal and mobile app.
Transparency is key. Black Diamond’s Client Portal provides real-time access to annuity and insurance details, building trust and strengthening advisor-client relationships. Clients no longer must rely on periodic updates—they can see exactly how their financial plans fit together at any time. Detailed reporting and automated updates ensure they stay informed without requiring frequent advisor intervention.
A Holistic Approach to Wealth Management
Bringing all financial data into a single platform isn’t just convenient—it’s transformational. Advisors can streamline workflows, minimize risk, and offer a more holistic view of wealth management. Clients, in turn, gain confidence in their financial future, knowing every aspect of their plan is working together seamlessly.
As the industry shifts toward a more comprehensive approach to financial planning, Black Diamond is leading the way, giving advisors the tools to provide well-rounded, effective financial guidance. By leveraging these capabilities, forward-thinking advisors can differentiate themselves, enhance client relationships, and ultimately drive better financial outcomes.
With platforms like Black Diamond, incorporating annuities and insurance into financial plans doesn’t have to be complicated. To learn how our team can support your advisory firm, request a personal demo, call 1-800-727-0605, or email info@advent.com.
