Over 400 Firms Migrate to SS&C Black Diamond Wealth Solutions from Morningstar Office

Over 400 wealth management firms have transitioned from Morningstar Office to SS&C Black Diamond Wealth Solutions. Early adopters report smoother transitions and improvements in operational workflows and client engagement. Transitioning firms receive full historical data conversion, hands-on onboarding support, and integrated access to Morningstar's Direct Advisory Suite within Black Diamond's unified platform.

Over 400 wealth management firms have transitioned from the Morningstar Office platform to SS&C Black Diamond® Wealth Solutions, marking significant momentum in the strategic alliance between SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) and Morningstar. As of July 2025, nearly 100 firms have completed the transition, with another 250 firms nearing completion.

Early adopters have reported smoother transitions and noticeable improvements in both operational workflows and client engagement. Lawrence Dauer, Founder and CEO of Valoir Wealth, one of the first firms to transition, praised the Black Diamond implementation team for their exceptional service and responsiveness. Carl Goodin, President of Financial Planning Associates, Inc., another recently transitioned advisory firm, highlighted the best-in-class CRM, portfolio accounting, reporting, and billing tools, as well as the seamless integrations with Direct Advisory Suite, RightCapital, and DPL Financial Partners.

The transition offers firms full historical data conversion from Morningstar Office to Black Diamond on day one, at no cost. Additionally, firms receive hands-on onboarding support, tailored training, and no double platform fees during migration. Integrated access to Morningstar’s Direct Advisory Suite within Black Diamond’s unified platform is also provided, along with preferred strategic alliance pricing that can be locked for five years.

The alliance aims to provide continuity and long-term success for wealth management firms by leveraging Morningstar’s trusted research, planning, and reporting capabilities alongside Black Diamond’s advanced tools. SS&C Technologies’ focus is on making the transition process as smooth and beneficial as possible for advisors, positioning firms for greater efficiency and deeper integration.

For more information about the alliance and the benefits available to Morningstar Office users, visit [sscblackdiamond.com](https://sscblackdiamond.com).

References:
[1] https://www.businesswire.com/news/home/20250821775905/en/400-Firms-Transition-to-SSC-Black-Diamond-Wealth-Solutions-from-Morningstar-Office
[2] https://www.stocktitan.net/news/SSNC/400-firms-transition-to-ss-c-black-diamond-wealth-solutions-from-q1bkkgp1v08l.html