Former Schwab Advisor Services executive, David Welling, brings RIA industry expertise and a strong growth and innovation track record to fast-growing performance reporting and portfolio management technology firm as Chief Solutions Officer

Black Diamond Performance Reporting announced today that RIA industry veteran, David Welling, has joined the firm as Chief Solutions Officer. Mr. Welling, recently a Vice President at Schwab Advisor Services, will oversee sales, marketing, product management and client solutions and will be a member of the Black Diamond Senior Management Team.
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Key milestone showcases Black Diamond’s fast growth and rapid adoption by independent RIAs

Black Diamond Performance Reporting announced today that it now reports daily on over 100,000 custodial accounts of independent Registered Investment Advisors (RIA), making it the leading outsourced performance reporting provider to the independent RIA marketplace*.

Reached in only its fourth year of providing comprehensive performance reporting and portfolio management solutions to independent advisors, this milestone reflects the wide acceptance of Black Diamond’s outsourced, online solutions.
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In today’s rapidly evolving, volatile and changing markets, financial advisors need to have timely, accurate and meaningful performance reporting information to better manage relationships and communicate more effectively with clients. With the Dow moving 500 or more points on any given day, investors are becoming increasingly anxious about the health of their portfolios. No longer can advisors wait until month end to be able to communicate portfolio performance and benchmark comparisons. Today’s volatile markets require that you have the ability to view and report on a client’s entire portfolio on a daily basis.
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