Advent Software's Black Diamond Division Inks Deal With Raymond James RIA Division

Wednesday, March 27, 2013 12:56
Advent Software's Black Diamond Division Inks Deal With Raymond James RIA Division

Tags: custodians | Portfolio Management Software

Advent Software, Inc., a leading provider of portfolio management software and services, has announced an agrement the Investment Advisors Division (IAD) of Raymond James Financial. Advent's Black Diamond reporting platform will be available to independent registered investment advisor firms that use Raymond James as their custodian.

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IAD was established by Raymond James in 2001 to provide comprehensive custodial and support services to independent, fee-based Registered Investment Advisors, portfolio managers, financial planners, trust companies and accountants. It's a relatively small part of Raymond James' advisor business, and a fraction of the 6200 advisors affiliated with Raymond James use IAD's custody services.

"The RIA firms affiliated with our division have the opportunity to choose from a wide variety of technology tools and resources," said Mike DiGirolamo, managing director of IAD. "We are committed to providing advisors industry-leading technology solutions and this latest announcement reinforces our commitment to offering choice to the RIA firms who work with Raymond James through the Investment Advisors Division. We are pleased to collaborate with Black Diamond to make this performance reporting and allocation tool available for their consideration."



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