Black Diamond Wealth Platform
Black Diamond Wealth Platform is a cloud-based portfolio management solution providing investment reporting, rebalancing, and client communication tools for financial advisors to manage complex wealth management workflows efficiently.
Shaw Systems
Shaw Systems provides comprehensive loan servicing software designed to help you manage consumer, commercial, and specialty portfolios through a single, integrated platform.
Quick Comparison
| Feature | Black Diamond Wealth Platform | Shaw Systems |
|---|---|---|
| Website | blackdiamond.advisortech.com | shawsystems.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2003 | 1967 |
| Headquarters | Jacksonville, USA | Houston, USA |
Overview
Black Diamond Wealth Platform
Black Diamond Wealth Platform gives you a comprehensive suite of tools to manage your entire wealth management practice from a single dashboard. You can oversee complex investment portfolios, execute rebalancing strategies, and generate detailed performance reports that help your clients understand their financial progress. The platform acts as a central hub where you can track assets, monitor performance, and handle daily administrative tasks without switching between multiple disconnected systems.
You can enhance your client relationships through a personalized digital portal that offers your clients a clear, transparent view of their total wealth. The software streamlines your back-office operations by automating data reconciliation and providing deep integrations with various custodians and third-party applications. This allows you to spend less time on manual data entry and more time providing strategic advice to your clients.
Shaw Systems
Shaw Systems offers a unified platform to manage your entire lending lifecycle, from initial boarding to final payoff. You can handle diverse portfolios including auto loans, personal lines of credit, floor planning, and commercial lending within a single ecosystem. The software automates complex accounting tasks and regulatory compliance, allowing your team to focus on customer relationships rather than manual data entry.
By centralizing your data, you gain a 360-degree view of your borrowers and their total exposure across different product lines. You can streamline your collections process with integrated recovery tools and manage high-volume transactions with enterprise-grade stability. It is built for financial institutions that need to scale their operations while maintaining strict control over risk and operational costs.
Overview
Black Diamond Wealth Platform Features
- Performance Reporting Create custom, professional reports that clearly show your clients their investment performance across all held and non-held accounts.
- Client Experience Portal Give your clients a secure, branded mobile app and web portal where they can view their entire net worth anytime.
- Rebalancing and Trading Execute complex trades and rebalance portfolios across your entire firm while maintaining strict adherence to your specific investment models.
- Data Reconciliation Save hours of administrative work with automated daily data downloads and reconciliation from hundreds of different financial custodians.
- Alternative Investment Tracking Manage and report on non-traditional assets like private equity and real estate alongside standard market-traded securities.
- Billing and Invoicing Automate your firm's fee calculations and generate accurate invoices based on your specific management agreements and schedules.
Shaw Systems Features
- Unified Portfolio Management. Manage consumer, commercial, and indirect loans on one platform to simplify your IT footprint and training.
- Automated Collections. Streamline your delinquency management with automated workflows that trigger based on specific borrower behaviors and risk profiles.
- Customer Self-Service. Empower your borrowers to view balances, make payments, and update account details through an integrated web portal.
- Recovery Management. Track charged-off accounts and manage third-party agency placements to maximize your capital recovery efforts.
- Real-time Accounting. Maintain accurate financial records with automated general ledger postings and real-time interest calculations for all loan types.
- Regulatory Compliance. Stay ahead of changing laws with built-in tools that help you manage SCRA, FCRA, and CFPB requirements.
Pricing Comparison
Black Diamond Wealth Platform Pricing
Shaw Systems Pricing
Pros & Cons
Black Diamond Wealth Platform
Pros
- Exceptional reporting customization for complex client needs
- Highly intuitive and modern client-facing digital portal
- Strong integration ecosystem with popular financial planning tools
- Reliable and accurate daily data reconciliation services
Cons
- Higher price point compared to entry-level reporting tools
- Significant time investment required for initial platform setup
- Learning curve for mastering advanced rebalancing features
Shaw Systems
Pros
- Highly scalable for high-volume enterprise loan portfolios
- Consolidates multiple loan types into one system
- Strong automation for complex accounting and interest
- Reliable uptime for mission-critical financial operations
Cons
- Significant initial setup and configuration time required
- User interface feels dated compared to newer fintechs
- Higher price point targeted at established institutions