★ BEST INVESTING TOOLS COMPARISON ★
VOL. XCIV, NO. 247
Tool comparison edition
Tool Comparison
Portfolio123 vs SS&C Black Diamond Wealth Solutions
Portfolio123
Best for screeners and data visualizations
Free • From $25/mo
SS&C Black Diamond Wealth Solutions
Best for advisor operations and webhooks
Contact for pricing
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The verdict
The bottom line
Portfolio123 and SS&C Black Diamond Wealth Solutions cover a lot of the same ground (4 shared categories, including portfolio, APIs & data feeds, and broker connectors), so for the basics you won't go far wrong with either. Portfolio123 simply does more: 19 categories to SS&C Black Diamond Wealth Solutions's 12, including screeners, data visualizations, and quant. SS&C Black Diamond Wealth Solutions counters by keeping things simpler.
Key differences at a glance
- Mobile app
- SS&C Black Diamond Wealth Solutions
- Free plan
- Portfolio123
- Broader coverage
- Portfolio12319 vs 12 categories
- Desktop app
- Portfolio123
- Global coverage
- Portfolio123
- Beginner friendly
- Portfolio123
Choose
Portfolio123 if…
- You'd rather start free and only pay if you outgrow it
- You care about screeners, data visualizations, and quant, things SS&C Black Diamond Wealth Solutions doesn't offer
- You're newer to investing and want something approachable
Choose
SS&C Black Diamond Wealth Solutions if…
- You do a lot of your research from your phone
- You care about advisor operations, webhooks, and insider compliance / pre-clearance, things Portfolio123 doesn't offer
Comparison snapshot
| Attribute | ||
|---|---|---|
| Pricing & plans | ||
Starting price | Free • From $25/mo | Contact for pricing |
Free tier | Yes | No |
Free trial | — | — |
Plan limits | Free Screener & Backtesting Access: duration days: 30 | — |
| Platforms & access | ||
Web app | Yes | Yes |
Desktop app | Yes | No |
Mobile app | No | Yes |
API access | Yes | Yes |
Broker sync | Yes | Yes |
Integrations | Interactive Brokers and Tradier | Morningstar Direct Advisory Suite |
| Audience & fit | ||
Experience level | Beginner, Intermediate, Advanced | Intermediate, Advanced |
Best for | Retail Traders, Pro Retail +5 more | Financial Advisors, RIAs / Wealth Firms +3 more |
Categories covered | 19 | 12 |
Regions | North America, Europe | North America |
| Data & capabilities | ||
Data quality | 5 signals: Latency: Real-time and End of Day, Granularity: EOD +3 more | 4 signals: Latency: Real-time and End of Day, Granularity: EOD +2 more |
Data partners | 4 partners: FactSet, S&P Global Market Intelligence +2 more | — |
Capabilities | 6 signals: Custom formulas, Ranking backtests +4 more | 22 signals: Broker sync, Tax lots +20 more |
| Try it | Visit Portfolio123 | Visit SS&C Black Diamond Wealth Solutions |
Standout features
What Portfolio123 does best
- Web‑based quant research terminal for building multifactor ranking systems, stock/ETF screens, and complete rules‑based strategies with no programming, powered by point‑in‑time FactSet data and marketed as free of survivorship and look‑ahead bias.
- Supports realistic simulations and backtests over roughly 20 years of history for US, Canadian, and European equities, with custom universes, separate buy/sell rules, position sizing, hedging, and “Book of Strategies” to combine and analyze correlated systems.
- Stock & ETF coverage uses fundamentals, estimates, corporate actions, plus industry/sector classification, with “over 15,000 current US, Canadian, and European stocks” and many more historical issues.
- AI Factor lets users train machine‑learning predictors for expected returns and plug the predictions into ranking systems, strategy simulations and asset-level analysis, with no-code model evaluation, blocked K-fold cross validation, lift charts and model/portfolio statistics.
- Homepage currently advertises 30 days of free screener and backtesting access with no credit card required, in addition to the free Manage module.
What SS&C Black Diamond Wealth Solutions does best
- Cloud-native, award-winning wealth management suite combining the Black Diamond Wealth Platform with SS&C trust, CRM, investment management, alternative investments, unique assets and operations services into one ecosystem.
- Portfolio management & performance reporting hub with consolidated views, flexible account groupings and client-ready reporting for RIAs, broker-dealers, family offices, banks and trust companies.
- Advisor & client digital experience with a responsive web portal, native mobile apps, interactive dashboards, outside account aggregation and a secure two-way document vault (Black Diamond Vault).
- Trading & Rebalancing module integrated with the platform to monitor portfolios, align with models and execute tax-aware trades at scale as part of the unified wealth stack.
- Business Intelligence & Billing tools offering practice analytics and revenue management, powered by centralized data aggregation, reconciliation and configurable billing workflows.
Data & access details
| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | StocksETFsClosed-End Funds | StocksETFsMutual FundsBondsFundsOther |
Experience | BeginnerIntermediateAdvanced | IntermediateAdvanced |
Target audience | Retail TradersPro RetailInstitutional InvestorsAnalystsQuants/DevelopersFinancial AdvisorsStudents/Researchers | Financial AdvisorsRIAs / Wealth FirmsFamily OfficesAsset ManagersInstitutional Investors |
Regions | North AmericaEurope | North America |
Coverage details | Countries: US and CAIdentifiers: Ticker | Not specified |
| Data | ||
Data freshness | Real-timeEnd of Day | Real-timeEnd of Day |
Data granularity | EOD | EOD |
Data partners | FactSetS&P Global Market IntelligenceICE Data ServicesFRED | Not specified |
| Access & integrations | ||
API protocols | REST | REST |
API auth & delivery | Auth: APIKeySDKs: PythonDocs | Auth: OAuth2WebhooksDocs |
Import methods | BrokerOAuthCSV | Custodian |
Integrations | Interactive BrokersTradier | Morningstar Direct Advisory Suite |
Export formats | CSVJSON | JSON |
| Plans & trust | ||
Capability signals | Custom formulasRanking backtestsUniverse builderBroker syncRebalancingCorrelation | Broker syncTax lotsRebalancingMulti-currencyHouseholdingMulti-entity structuresAlternatives supportDrift monitoring+14 more |
Vendor & support | Portfolio123Support: Forum | SS&C Technologies Holdings, Inc.Country: USFounded 1986Support: Email and Phone |
Green tags are exclusive to that tool in this comparison.
Pricing breakdown
$25/mo
Starting price
Plans & pricing
- duration days: 30
—
Starting price
Plans & pricing
Coverage overlap
Shared categories
4Where the two tools cover the same ground.
Portfolio123 strengths
15SS&C Black Diamond Wealth Solutions strengths
8What you only get with SS&C Black Diamond Wealth Solutions.
Community category leaders
Vote sentiment comparison
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Frequently Asked Questions
What's the difference between Portfolio123 and SS&C Black Diamond Wealth Solutions?
Portfolio123 leans toward screeners, data visualizations, and quant, while SS&C Black Diamond Wealth Solutions puts more weight on advisor operations, portfolio, and APIs & data feeds. They overlap in 4 categories, so for most people it comes down to workflow preference and price.
Is Portfolio123 or SS&C Black Diamond Wealth Solutions free to use?
Portfolio123 has a free tier, so you can get started without paying anything. SS&C Black Diamond Wealth Solutions is paid-only. If budget matters, start with Portfolio123 and see how far it takes you before opening your wallet.
Which is better for beginners: Portfolio123 or SS&C Black Diamond Wealth Solutions?
Portfolio123 is the friendlier place to start; its interface takes less getting used to. Both work fine once you're past the basics.
Can I use Portfolio123 or SS&C Black Diamond Wealth Solutions on my phone?
SS&C Black Diamond Wealth Solutions lists a dedicated mobile app, so it travels better. Portfolio123 doesn't list a dedicated mobile app; its documented access is web, API, and desktop.
Do Portfolio123 and SS&C Black Diamond Wealth Solutions have APIs?
Yes, both offer API access, so developers and quants can pull data programmatically or wire up their own integrations.
Should I choose Portfolio123 or SS&C Black Diamond Wealth Solutions?
It depends on what you're after. Pick Portfolio123 if screeners and data visualizations matter to you; go with SS&C Black Diamond Wealth Solutions if you'd rather have advisor operations and webhooks. And if you only need the basics both share, let price decide.
What asset classes do Portfolio123 and SS&C Black Diamond Wealth Solutions cover?
Both cover stocks and ETFs. Portfolio123 also handles closed-end funds. SS&C Black Diamond Wealth Solutions adds mutual funds, bonds, and funds on top.
Do Portfolio123 and SS&C Black Diamond Wealth Solutions offer real-time data?
Yes, both serve real-time market data, so either works when timing matters.
Which covers international markets: Portfolio123 or SS&C Black Diamond Wealth Solutions?
Portfolio123 has documented international coverage (North America and Europe), so it's the safer bet if you hold non-US stocks. SS&C Black Diamond Wealth Solutions is more region-specific, mainly North America.
Can I export data from Portfolio123 and SS&C Black Diamond Wealth Solutions?
Portfolio123 exports to CSV. SS&C Black Diamond Wealth Solutions is stingier about getting data out.
Can Portfolio123 or SS&C Black Diamond Wealth Solutions connect to my broker?
Yes, both connect to brokers, so your portfolio syncs automatically instead of you keying in every trade.
Which has a better stock screener: Portfolio123 or SS&C Black Diamond Wealth Solutions?
Portfolio123 has a stock screener for surfacing ideas; SS&C Black Diamond Wealth Solutions doesn't, and focuses its energy elsewhere.
Can I track my portfolio with Portfolio123 or SS&C Black Diamond Wealth Solutions?
Yes, both do portfolio tracking: holdings, performance, and allocation in one place.
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.