The integration of the two systems has extended Advent’s custodial data by adding intraday information, account profiles, reports and operational alerts. As such, mutual clients can access specific intraday data from Schwab’s advisor center while using Black Diamond, eliminating the need to switch between the two systems.

The merger of the two systems will also entail a faster client experience based on a new interface.

Advent's Black Diamond platform supports over 440 advisory firms representing about $180 billion in assets under management.