Alternative investments are reshaping wealth management. Once the exclusive domain of ultra-high-net-worth clients, assets like private equity, hedge funds, and real estate are now in high demand from mass affluent investors.
For advisors, this is a golden opportunity but also a monumental challenge. Why? Because alternative investments don’t follow the same rules. They come with fragmented data, complex reporting requirements, and time-consuming workflows. As a new SS&C whitepaper explains, managing these assets can bog down operations and strain client relationships if firms do not have the right tools. Advisors who master alternatives will lead the next wave of wealth management.
The Complexity of Alternatives: A Double-Edged Sword
Alternative investments offer higher yields, diversification, and access to private markets—appealing benefits that investors are eager to tap into. But these assets also bring challenges that can overwhelm even seasoned advisors:
- Complex Data: Non-standardized reporting makes aggregation and analysis a headache.
- Client Expectations: Investors want seamless transparency and insight across all asset classes, including alternatives.
- Operational Strain: Manual workflows eat up time, leaving advisors stretched thin.
These complexities aren’t going away. In fact, as demand for alternative investments grows, so will the pressure on advisors to deliver more innovative solutions faster.
The Black Diamond Advantage: Simplifying the Complex
SS&C’s Black Diamond® Wealth Platform takes the guesswork—and the grunt work—out of managing alternative investments. With cutting-edge technology and intuitive tools, Black Diamond enables advisors to deliver the transparency, efficiency, and personalization clients expect.
Here’s how Black Diamond solves the challenges of alternatives:
- Aggregate and Normalize Data: Eliminate the manual effort of pulling and cleaning fund data. Black Diamond integrates alternative investments seamlessly with traditional assets, giving clients a clear view of their entire portfolio.
- Customizable Transparent Reporting: Forget one-size-fits-all solutions. Black Diamond offers flexible, visually engaging reports that communicate the story behind the numbers.
- Effortless Workflow Automation: From tracking fund data to generating client-ready reports, Black Diamond automates time-intensive tasks, allowing advisors to focus on what matters most—building client relationships.
Black Diamond doesn’t just keep up with the complexity of alternatives—it turns them into a competitive advantage.
Advisors Who Stay Ahead Win Trust
In wealth management, trust is everything. During periods of market volatility, advisors who understand and manage alternative investments effectively are the ones who protect clients’ wealth and build lasting relationships. Those who lack the tools and knowledge risk exposing clients to unnecessary risks—and losing their confidence. Combining advanced technology with an intuitive, client-first approach ensures you have everything you need to deliver exceptional service and smarter advice.
Take Action Today
Alternative investments are the future of wealth management, but only for those ready to embrace the opportunity.
Download our whitepaper, How to Make the Most of Opportunities in Alternative Investments, to dive deeper into the trends and challenges shaping the space. And, learn how the SS&C Black Diamond Wealth Platform can help you transform complexity into confidence. Contact us today to schedule a personal demo, call 1-800-727-0605, or email info@advent.com.
