The two portfolios, Black Diamond Blue Sky and Advent Portfolio Exchange via Advent OnDemand, will be integtared with Schwab’s OpenView Gateway.
The integrations will enable advisors, portfolio managers and other advisory personnel to access current, intraday custodial data from within their Advent/Black Diamond software, apart from being able to make timelier, informed decisions.
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David Welling, managing director at Black Diamond, said: "Over time, we expect to integrate custodial alerts into our systems. We also integrate custodial data contextually into our workflows. This will produce significant productivity gains and enhance the user experience."
"This is an extension of our more than 20-year relationship with Advent, during which we have worked together to serve more than 1,400 shared clients," said Neesha Hathi, senior vice president of advisor technology solutions at Schwab Advisor Services.
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