Wealth isn’t static, especially when it spans generations, various investment vehicles, and evolving family structures. As family offices serve more complex clients, their technology must evolve accordingly. SS&C’s Black Diamond® Wealth Solutions is expanding its Partnerships functionality with support for nested ownership structures.
Think of it like nesting dolls. Except, instead of figurines, it’s trusts, children of trust beneficiaries, and cousins who now co-own the vacation home. Whether managing a multigenerational trust or coordinating a shared investment, wealth managers can now track, report, and manage these layered relationships with greater clarity and confidence.
Built for Complexity, Designed for Growth
The original Partnerships feature in Black Diamond allows firms to split account or portfolio values across multiple owners. However, advisors working with high-net-worth individuals and family offices have told us that their clients need more flexibility. To address this, as ownership structures evolve, multiply, and shift across generations, wealth managers require technology that keeps pace with these changes. Recently made available functionality allows firms to create partnership accounts from existing ones, making wealth management over generations easier.
Visual Clarity Coming Soon
Launching later this year, “Tree View” will bring complex ownership to life in a clear and interactive layout. Wealth managers will be able to explore every layer of a client’s structure, from the top-level portfolio to individual accounts. More than a static diagram, Tree View will empower advisors to adjust allocations, update entities, and manage nested partnerships within a visual framework designed for ease and insight.
Imagine walking into a quarterly family meeting with a Tree View that instantly illustrates how wealth is structured, passed down, and shared. Instead of flipping through spreadsheets, an advisor could demonstrate complex changes in seconds.
Access That Scales with Teams
Additionally, access to Partnerships are extended beyond firm admins; firm users can now view and edit partnerships based on their user permissions. By granting appropriate access at every level, teams are empowered, operations are streamlined, and bottlenecks are eliminated.
Even better, bulk editing capabilities are enhanced to support ownership allocation, making it even easier to manage complex changes.
Accuracy and Clarity Over Time
Black Diamond Partnerships also supports the concept of “Partnership Periods,” enabling variable allocations across time. Whether ownership changes occur annually or quarterly, Black Diamond will preserve performance integrity while transparently recording every adjustment. Withdrawals and contributions will automatically update to reflect these changes, giving wealth managers peace of mind that each shift is both documented and auditable. At the same time, ownership structures will no longer be hidden behind manual work or disconnected files.
Future initiatives will make complex partnership structures visible to investors in client-facing reports and quarterly statements, allowing families to clearly track how their wealth is structured, shared, and evolving over time. By transforming complex relationships into accessible insights, advisors can strengthen trust and deepen relationships across generations.
In short, ownership tracking is about to work the way families actually live and grow. What once required spreadsheets, guesswork, and endless patience will soon be managed in just a few clicks.
To see how SS&C Black Diamond Wealth Solutions can support your family office’s growth and complexity, request your personal demo, call 1-800-727-0605, or email info@sscblackdiamond.com today.
