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Advent's parent buys Salentica to bolster Black Diamond CRM

SS&C promised to buy David Welling lots of M&A toys to sweeten his firm's Black Diamond offering and now the big Salesforce-Microsoft reseller begins to fulfill that promise

Author Brooke Southall October 24, 2016 at 2:48 PM
Admin:
no description available
Bill Rourke: You don't need a program to make it work. Everyone else is doing APIs. We're doing connections.

Stephen Winks

Stephen Winks

October 25, 2016 — 6:43 PM
Commonwealth has an edge in the independent space with only 10% of it revenues being in commissions. The entire industry is moving from transactions to fee for services including the major custodians who are being drawn into fiduciary liability. As prudent experts trade execution cost in excess of zero represents fiduciary liability recoverable through litigation. The principle added value is not the clerical function of trade execution but prudent process (asset/liability study, investment policy, portfolio construction, performance monitor) authenticated back to objective, non-negotiable fiduciary criteria, which puts financial services back into the financial services business. SCW

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Mentioned in this article:

Junxure
CRM Software
Top Executive: Greg Friedman

SalesForce
CRM Software
Top Executive: Marc Benioff

Redtail Technology
CRM Software
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SS&C Salentica
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