Amplify vs Black Diamond
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Why Choose Amplify over Black Diamond?
From day one, Amplify is the only independently-owned all-in-one platform that was built by a modern advisor, for modern advisors. Amplify scales with you and comes equipped with everything you need to grow without the headache of hoping your tech works well together.
| Advisory Tools | Amplify | Black Diamond | |
| Multi Custodian Portfolio Mgmt | Account values and account level detail of more than one custodian | ||
| SMA & UMA TPMM | Separately Managed Account (SMA), Unified Managed Account (UMA), Third Party Money Manager (TPMM) | ||
| Rep-as-PM | Advisor directed account allocations and model portfolios | ||
| Turn-Key Investment Allocations | Available pre-built model portfolios delivered by platform or third party | ||
| Investment Research: General | Investment research in excess of generic market data. Example: mutual fund research | ||
| Advanced UMA Analytics | |||
| TPMM Analytics | |||
| Trade Execution OMS | Order management system | ||
| Rebalancing | Automated rebalancing | ||
| Pre and Post Trade Compliance | Detailed analytics for tax, compliance, and restrictions | ||
| Native Financial Planning Tools | Fully integrated financial planning tools | ||
| Proposal Generation | Client investment proposal | ||
| Performance Reporting | Household and account level performance calculations | ||
| Sleeve Level Performance Reporting | Portfolio sleeve-level reporting for UMA | ||
| Billing | Billing calculation and custodian processing | ||
| Data Aggregation & Reconciliation | Household, account, and holdings level data reconciliation | ||
| Middle Office Operations Support | Dedicated support and workflows completed by vendor | ||
| Paperless Account Opening | Online account opening | ||
| Multi Custodian Workflows | Online account opening for multiple custodians | ||
| Firm Paperwork | RIA specific forms | ||
| Funding | Integrated ACAT initiation | ||
| Cash Actions | Integrated ACH and cash requests | ||
| Integrated Compliance (CIP/KYC) | Distinct compliance workflows | ||
| Workflow Management | Creation, logic, and tracking of workflows | ||
| Outside Account Aggregation | Held-away account aggregation | ||
| Front End | Amplify | Black Diamond | |
| Advisor Dashboard | Centralized and configurable advisor dashboard | ||
| Client Communication Portal | Client portal for statements, communication | ||
| Mobile Friendly | Mobile device accessible with mobile format | ||
| CRM Integration | Bi-direction integration with CRM | ||
| Integrated Robo | Advisor to Client automated advice offering | ||
| Client Investor Portal | Client portal for account values, holdings, performance, etc. | ||
| Customizations | Amplify | Black Diamond | |
| Firm Branding | |||
| Integration Points | Open API connections | ||
| Performance Reporting | Customizable end-client reporting | ||
| Enterprise Level Reporting (13f, Biz) | |||
| GIPS Sleeve reporting | |||
| Asset Classifications | |||
| Proposal Documents | |||
| Additional Staff | Tech requires additional support staff to manage | ||
| FIX Protocol Order Execution |
Give Your Team the Tech Support You Deserve.
Our technology is 21st-century and our support is no different. You get a dedicated support team with direct phone numbers and emails. No long queues. No waiting. Just answers and action.
Award-Nominated. Over and Over.
2023 ThinkAdvisor Luminaries Finalist for Fintech/TAMP Platforms
Powerful Features.
Designed to Work Together Seamlessly.
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