New York-listed Advent Software has linked up with the investment advisors division of Raymond James Financial to provide performance reporting capabilities to clients of the latter firm.

Advent’s Black Diamond platform provides independent advisors with a portfolio management and reporting solution through a web-based application and is now available to independent RIA firms who use Raymond James as their custodian.

“Black Diamond has enabled us to provide more timely information to our clients with improved reporting capabilities,” said Kim DiRaffaele, finance manager at Kreitler Financial, a client of Raymond James. “Most recently, we have begun using the client billing feature, which has reduced the amount of time it takes to transmit billing to our custodians.”

Raymond James’s investment advisors division was created by the firm in 2001 to provide custodial and support services to independent, fee-based RIAs, portfolio managers, financial planners, trust companies and accountants.