Black Diamond Wealth Solutions review
A broad, enterprise-oriented platform for advisors managing portfolios, clients, taxes and alternatives.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Black Diamond Wealth Solutions is a wealth-management platform for registered investment advisors, family offices, broker-dealers, banks, trust companies and asset managers. It brings portfolio performance, allocation and activity dashboards together with configurable reporting, model portfolio management, trading, rebalancing, client communications and outside-account aggregation. The platform also supports traditional and alternative investments, including private equity, hedge funds and real estate, making it suited to firms managing complex client portfolios across multiple asset types.
Pricing follows a demo-led, contact-sales process rather than a self-service plan structure, and there is no free plan. That approach fits an enterprise-oriented product with multiple modules and services, but it gives buyers less immediate pricing context. The ecosystem is broad: Black Diamond supports web, iOS, Android and API access, with integrations including eMoney, Box, Canoe Intelligence, Pershing, Redtail Technology and RightCapital. Trading is available through FIX with approval workflows, while the client portal includes documents, communications and outside-account aggregation.
The strongest case for Black Diamond is operational breadth. Advisors can combine performance reporting, tax-aware rebalancing, automated tax-loss harvesting, tax-lot tracking, portfolio risk and return analysis, Monte Carlo simulations, model management and alternative-asset servicing in one platform. AI features are also included, though the available description does not specify their individual functions. Firms that need full client portfolio operations and configurable workflows should consider it; teams seeking only basic portfolio tracking or a narrowly focused reporting tool may find the platform broader than necessary.
Black Diamond Wealth Solutions pros and cons
- Where it wins
- Combines reporting, models, trading, rebalancing and tax-loss harvesting
- Tracks traditional and alternative assets with risk and return analysis
- Supports portals, mobile access, APIs and third-party integrations
- Where it doesn't
- No free plan and pricing is handled through contact sales
- The broad feature set may exceed the needs of smaller advisory teams
- Capabilities and integrations may vary by configuration
Black Diamond Wealth Solutions fact sheet, pricing and score →
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