Key Technology Partners
When I started this company last year, I carefully evaluated the custodians and software vendors that I thought would add the most value to my clients experience. Fidelity stood out amongst the custodians as the most service oriented, cost-efficient, flexible and technologically oriented partner I could find. It was an easy choice.
The performance and portfolio management solutions I was looking for, was a more difficult search, until I discovered Black Diamond. Of the 6 different platforms in portfolio management and performance reporting space, only 1 seemed current in its use of technology, the web, and how the client would perceive the platforms usability. I was astonished at how most of the platforms were 1, 2 or eve 3 generations behind in the technology they were offering as “turn-key” solutions.
Black Diamond, on the other hand, stood out head and shoulders above the rest. They were the last group I reviewed, and although a steep investment, the most practical, with the best “value-add” solution on the market place.
That is why, as of this mornings announcement, I’m more then a little intrigued and excited that our custodian (Fidelity) has chosen to integrate completely with our portfolio management platform (Black Diamond) to provide even better functionality as a partnership, then they already currently provide. Benefits to our firm and our clients will not be realized until 2011, but I think the future holds great things and I look forward to increasing our capabilities to deliver excellent service to our clients.