Black Diamond Performance Reporting and Trust Company of America have entered into a joint initiative to provide access to performance reporting and asset aggregation to registered investment advisors and their clients.

Black Diamond’s technology will be embedded into Trust Company of America’s all-in-one platform, with built-in performance reporting and aggregation.

“By integrating Black Diamond’s technology into Trust’s custodial platform we will provide advisors one complete system with a total view of the portfolio, while also allowing them to provide their clients online access.” said Frank Maiorano, president and chief executive of Trust Company of America.

“This initiative focuses on creating value for the advisor by providing them and their clients greater transparency while also focusing on the end client experience,” said Maiorano.

Trust Company of America’s platform provides advisors top-line, bottom line and portfolio optimization. The integration of Black Diamond’s portfolio management and reporting engine intends to allow advisors and their clients to access actionable, daily portfolio information through a user interface and performance reports in the custodial platform.

“The time is coming when an advisor will sit down with a client and together they will review a dynamic, real-time performance report on mobile devices, such as the iPad, while discussing investment scenarios….and that is certainly a game changer,” said Dennis Noto, Trust Company of America’s chief information officer.