Case Study: Beaumont Financial Partners achieves automated reconciliation and scalable, advisor-friendly portfolio management with Black Diamond Wealth Platform

Beaumont Financial Partners - Customer Case Study

Beaumont Financial Partners, a Needham, MA multi-generational wealth advisor managing $2.9 billion AUM and over 1,000 client relationships, needed a customizable portfolio management platform that could support proprietary asset-class definitions, heavy use of alternatives, personalized client portfolios, and scalable automation to eliminate manual workflows. After evaluating options, Beaumont selected the Black Diamond Wealth Platform (implemented in 2014) to address these challenges.

Using the Black Diamond Wealth Platform, Beaumont customized reporting and portfolio construction, automated daily reconciliation (removing a manual process that covered more than 2,000 accounts across three custodians), and centralized data so the platform became the firm’s source of record. The result was faster onboarding (new advisors trained in under an hour), fewer errors, freed-up staff resources, broader firm-wide adoption, seamless integration with Money Guide Pro, and differentiated performance reporting on alternative assets.

Beaumont Financial Partners

Brian Corcoran

Director of Operations and Trading