Case Study: Berman McAleer achieves $50K+ annual savings and enhanced client experience with SS&C Technologies' Black Diamond Wealth Platform

Making the switch from PortfolioCenter to Black Diamond

Berman McAleer is an independent, award-winning wealth management firm (AUM $940M) serving more than 400 families that faced a daunting technology challenge: after 20 years on PortfolioCenter their legacy system had accumulated an “enormous amount of data,” and daily reconciliation was occupying roughly 1.5 full-time staff. Reluctant to move such historical data despite better functionality, the firm chose to adopt SS&C Technologies’ Black Diamond Wealth Platform to modernize operations and client reporting.

SS&C Technologies implemented the Black Diamond Wealth Platform (including the Client Experience portal and mobile app), automating reconciliation and eliminating repetitive manual tasks—reducing reconciliation FTEs and saving well over $50,000 per year. The platform improved client engagement (projected ~8,000 client logins annually), boosted employee morale and career development, and strengthened business development by enabling clearer, prospect-facing reporting.

Berman McAleer

David Berman

CEO and Co-Founder