Press release
400+ Firms Transition to SS&C Black Diamond Wealth Solutions from Morningstar Office
Customized migration process ensures continuity, simplifies conversion, and positions advisors for long-term success following strategic alliance WINDSOR,
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"\nCustomized migration process ensures continuity, simplifies conversion, and positions advisors for long-term success following strategic alliance\n\n\n WINDSOR, Conn.--(BUSINESS WIRE)--\nSS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced significant momentum in its strategic alliance with Morningstar. More than 400 wealth management firms have chosen to transition from the Morningstar Office platform to SS&C Black Diamond® Wealth Solutions, with nearly 100 firms having completed implementation and another 250 nearing completion.\n\n\nEarly adopters are reporting smoother transitions and noticeable improvements in both operational workflows and client engagement.\n\n\n“My contact on the Black Diamond implementation team was a fantastic, patient, responsive and proactive resource,” said Lawrence Dauer, Founder and CEO of Valoir Wealth, one of the first firms to transition. “He guided me through submitting and tracking support cases, took the extra step to personally call and walk me through updates and resolved a few outstanding questions. The level of service we’ve received during onboarding has been exceptional and reflects the commitment Black Diamond has to its clients.”\n\n\n“The more we get to know about Black Diamond, the more impressed we are,” said Carl Goodin, President of Financial Planning Associates, Inc., another recently transitioned advisory firm. “The CRM, portfolio accounting, reporting and billing tools are best-in-class, and the transition team has been exemplary. The integrations with Direct Advisory Suite, RightCapital and DPL Financial Partners add value to our Black Diamond experience.”\n\n\nMorningstar previously announced the retirement of its Office platform as of February 28, 2026, prompting advisors to evaluate alternative solutions. Through the alliance, firms choosing to transition to Black Diamond gain access to fully integrated portfolio management, advanced reporting and award-winning client engagement tools alongside Morningstar’s trusted research, planning and reporting via the platform’s integration with Direct Advisory Suite.\n\n\nTransitioning firms receive:\n\n\n\nFull historical data conversion from Morningstar Office to Black Diamond on day one, at no cost\n\n\n\nHands-on onboarding support, tailored training and no double platform fees during migration\n\n\n\nIntegrated acc...