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How to set up the Black Diamond integration

Updated June 18, 2024 • 1 min read
Betterment Editors

Overview

The Black Diamond Wealth platform provides tools for portfolio management, reporting, data aggregation, accounting, billing, and more.

The information sent to Black Diamond includes:

  • Account information
  • Positions
  • Transactions
  • Tax lots

Enabling the integration

You can set up this integration for your firm by taking the following steps:


  1. Log in to your advisor dashboard and navigate to Settings > Integrations.
  2. Select Black Diamond from the list and click Connect to Black Diamond.
  3. You will see confirmation that the integration has been enabled. Data will be sent to Black Diamond within one business day.
  4. Reach out to Black Diamond to complete a document called an Advent Direction Letter (or Advent Authorization Letter). Black Diamond requires this document on their end to enable the integration.
  5. Black Diamond will be able to assist you in completing the integration setup.
Betterment Editors

Betterment’s editorial team draws on decades of combined experience to bring you clear, practical points of view on personal finance, investing, and long-term wealth. Together, we demystify money decisions, help you size up options, and share the knowledge needed to build wealth with confidence and ease.