Silicon Valley Community Foundation Selects SS&C for Portfolio Management
WINDSOR, Conn., Nov. 28, 2017 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Silicon Valley Community Foundation (SVCF) chose the Black Diamond(®) Wealth Platform as their technology solution for investment administration and reporting.
With more than $8 billion in assets under management, SVCF is the largest community foundation in the world. The foundation partners with financial advisors and the high-net-worth (HNW) clients they serve to manage and facilitate philanthropy. Black Diamond will become a foundational component for the organization's reporting, investment management, and client communication needs.
"After a thorough review of competitive solutions, Black Diamond was a clear stand-out. The technology enables a global view of all assets, including alternative investments, down to the account level with the ability to produce custom reports for donors," said Bert Feuss, Senior Vice President, Investments, SVCF. "Black Diamond will streamline the collection and reconciliation of investment accounts. This will allow us to further grow in assets and investment relationships without adding significant new staff, which is important as we look to fulfill our mission."
"SVCF is an example of a unique but growing client type for Black Diamond. We are seeing an increasing need from foundations seeking front-to-back office support for growing and scaling their operations," said Bob Conchiglia, Vice President, Advisory Sales, SS&C Advent.
Black Diamond has seen significant momentum in new firm sign-ups. Today, 1110 firms use Black Diamond, an 18% increase from year-end 2016.
About Silicon Valley Community Foundation
Silicon Valley Community Foundation advances innovative philanthropic solutions to challenging problems. As the largest community foundation in the world, we engage donors and corporations from Silicon Valley, across the country and around the globe to make our region and world better for all. Our passion for helping people and organizations achieve their philanthropic dreams has created a global philanthropic enterprise committed to the belief that possibilities start here. Learn more at siliconvalleycf.org.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.
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