Andes Wealth Technologies, an innovator in advisor technology, recently announced a new integration with SS&C Technologies’ Black Diamond® Wealth Platform. Andes Wealth Technologies is the first company to combine behavioral finance with risk visualization to help financial advisors deliver real insights, better-informed advice and truly personalized services. Through this integration, Black Diamond clients can seamlessly connect Black Diamond to the Andes Total Onboarding platform data, including risk tolerance, client profiling, portfolio visualization and Investment Policy Statement (IPS).
“Andes Wealth Technologies empowers financial advisors to visualize portfolio risk and compare risk against the client’s tolerance level,” said Justin Wayne, Director of Solutions Management at SS&C Black Diamond. “By integrating these two solutions, we are empowering advisors to have more worthwhile client conversations to deepen the advisor-investor relationship.”
The integration empowers financial advisors to monitor client portfolio risk in real time using the Andes platform, leveraging data in Black Diamond such as relationships, accounts, and holdings. During market turmoil, advisors can use this information to effectively tell the long-term client story and strengthen trust.
Wayne Firebaugh, an RIA-based in Roanoke, Virginia, and a client of both technology providers, says, “I have been using Andes Wealth Technologies to visually illustrate to my clients any lack in diversification or excessive risk in their existing portfolios. I like the way that Andes helps me seamlessly move from compliance questionnaires to an IPS that my clients can understand.”
“Black Diamond is an industry leader known for its modern technology, and through our integration, we will help advisors deliver differentiated services and better-informed advice,” says Helen Yang, CFA, founder and CEO of Andes Wealth Technologies. “We are thrilled to introduce our Total Onboarding and Client Communications solutions to a new set of advisors. We look forward to working with Black Diamond as a partner to transform the wealth management experience for our joint client base.”