Black Diamond’s Portfolio Management and Reporting Platform

Black Diamond’s “BlueSky” product, offers an enhanced portfolio management and reporting platform.  The BlueSky initiative combines new technology and expanded services to provide sophisticated, growth-oriented investment advisory firms with the ability to tailor their technology platform and service experience to their unique needs. 

Using cutting-edge web technology, the BlueSky platform empowers each advisory firm and each individual user to tailor the dynamic web interface to their unique needs and provides the flexibility for Black Diamond to deploy new functionality locally or globally with unprecedented speed.

As an additional part of the BlueSky initiative, Black Diamond is also expanding their client service model to enhance their single point of contact, dedicated service as well as provide access to expert advice and support for transition, data conversion and performance report customization. 

“To respond to today’s more complex, competitive and volatile operating environment, our clients have told us that they want to enhance both the experience they provide their clients as well as the productivity and scalability of their businesses,” said Reed Colley, CEO of Black Diamond Performance Reporting. 

“Advisors that currently use traditional rigid, hard to maintain software or proprietary systems have told us that their platforms aren’t sufficient to meet increasing demands from their clients and are preventing them from growing with scale,” added Colley.  “BlueSky represents a combination of innovative technology combined with an expanded service model to provide advisors with a comprehensive and flexible resource to overcome those challenges and accomplish their visions of being great.”

Next Generation Technology Platform

The BlueSky next generation portfolio management and reporting platform reflects Black Diamond’s focus on providing simple, elegant and powerful solutions.  The new technology platform is based on four key principles – configurability, workflow, scalability and extensibility. 

The core features of the BlueSky platform that empower the user to customize their own experience include:

  • SkyViews:  User defined home page views.  Each individual user can create, name, save and organize multiple home pages based on personal preferences for viewing and analyzing information. 
  • SkyBoxes:  Individual drag and drop report objects that provide quick access to additional user configured content on the home page.
  • SkyPages:  Full web pages that provide detailed views of data and content.  Examples include: portfolio theory, firm-level reports, target models and holdings pages with tax-related detail.  Similar to SkyViews, SkyPages can be created, named and organized by each user. 

Additional features of the platform enable advisors to efficiently access and take action on content and information:

  • FlyOuts: Mouse-over access to view graphical trend representation of performance data on the home page.
  • Dynamic Data Drill Down:  Intuitive website drill down capability into all data, graphics and content providing access and analysis of up to fourteen data levels.
  • On Demand Report Generation:  Allows user to generate multiple client reports simultaneously on demand without workflow interruption.  Similar to all data on the platform, all reports reflect fully reconciled data from previous day.
  • Dynamic Search: Suggestive search capability with search fields that dynamically populate and provide direct access for the user to perform editing and maintenance tasks.

Expansion of Dedicated Service and Expert Support

Black Diamond is also expanding their dedicated service model to help advisors optimize the value they receive from a relationship.  Building on its legacy as a service organization enabled by technology, Black Diamond is expanding the team of Client Advocates who provide single point of contact for clients and have personal accountability for the overall client experience.  “Serving advisors and supporting their path to greatness is why we exist,” noted Colley.  Black Diamond is also expanding and adding new teams of expert consultants in the areas of transition support, performance history and client reporting.  “Our expansion of our expert support in the areas of transition and data conversion are in response to the growing demand we are seeing from established wealth management firms,” noted Colley.  “While we continue to provide support to breakaway advisors, the majority of our new clients are established firms converting from a legacy portfolio management system,” added Colley.  Expert consultants will provide support to clients during the conversion process and to existing clients as their needs change and their businesses grow. 

“Our vision and mission all along has been to innovate and combine the best technology with the best people to free up advisors to be great,” concluded Colley.  “Blue Sky represents a new era in portfolio management and reporting and we are thrilled to roll this out to our clients and prospects.”

For additional information on Black Diamond’s BlueSky initiative please visit:

About Black Diamond Performance Reporting

Black Diamond is the leading provider of web-based, outsourced portfolio management and reporting platforms to independent advisors.  Our mission is to support and cultivate advisor greatness through providing the best combination of technology, service and innovation in the industry.  Founded in 2003, Black Diamond offers a powerful tool for advisors and wealth managers by providing unbiased, outsourced investment performance reporting. The Black Diamond solution is a highly configurable, Web-based performance reporting solution that provides accurate, timely and meaningful data allowing advisors and wealth managers to tell their investment performance story.  Using our proprietary reconciliation engine, Black Diamond reconciles client data on a daily basis so advisors and wealth managers always have the most current reporting information available at their fingertips.  Black Diamond has been recently recognized as the second fastest growing firm in Northeastern Florida by the Jacksonville Business Journal and one of the top three of the Best Places to Work in Jacksonville.  Black Diamond Performance Reporting™ is headquartered in Jacksonville, Florida, with offices in San Francisco, Philadelphia and Dallas.