Select Page

PFI Advisors (“Promoting Financial Independence”) announced today the release of a new industry report (the ninth in its continuing educational series) on reporting provider technology available to RIAs in the Independent channel.

This report showcases four industry-leading reporting solutions for RIAs while discussing Reporting as the “hub” through which all data flows across the rest of an RIA’s back-office infrastructure.  For advisors moving to the RIA channel, reporting technology offers the first chance to provide clients a holistic picture of their total net worth, including assets held outside of the advisor’s purview.  Today’s providers offer reporting, data aggregation, and billing as basic services, while some are developing innovative solutions to aid in a firm’s compliance and marketing efforts as well.

  • Addepar – Offers clients an independent financial technology solution for reporting, data aggregation/verification, and analytics; as well as a variety of integrations including leading CRM and trading solutions. 
  • Black Diamond Wealth Platform – Distinguishes itself by reducing an RIA’s operational burden through a focus on the client experience, data breadth and quality, and service—all with the backing of its parent company, SS&C Technologies. 
  • Envestnet | Tamarac– Offers its clients a comprehensive suite of services, including reporting, trading, data aggregation and reconciliation, billing, and CRM software.  It leverages Envestnet | Yodlee for data aggregation. 
  • Orion Advisor Solutions – Tech suite includes client experience tools, tax-intelligent rebalancing, efficient billing, integrated planning, and automated compliance monitoring, all aimed at empowering advisors to improve their firm’s productivity.

To read the full report, click here.