RIA firms rely on performance reporting software to track portfolio returns, explain results to clients, and support billing and compliance. The right reporting tools combine accurate data aggregation, clear and customizable reporting, and reliable integrations with custodians and portfolio management systems.
This guide breaks down the most widely used RIA performance reporting platforms and how advisory firms use them across their tech stack.
Core capabilities RIAs look for in performance reporting tools
While features vary by vendor, most RIAs evaluate performance reporting software based on a common set of core capabilities.
Portfolio aggregation and data accuracy
Performance reporting platforms must reliably consolidate data across multiple custodians, accounts, and asset types. This includes daily position data, transactions, corporate actions, and pricing.
Accurate aggregation is foundational. If the underlying data is incomplete or delayed, performance calculations, billing, and client reporting all suffer downstream.
Customizable client reports and dashboards
RIAs need flexible reporting formats that align with firm branding and client preferences. This often includes:
- Custom report layouts and templates
- Client portals and dashboards
- Household- and account-level reporting views
- Support for different reporting frequencies
Clear, consistent reporting improves client understanding and reduces advisor time spent explaining performance details.
Billing, fee calculations, and data validation
Performance reporting data frequently feeds directly into billing workflows. Accurate performance and account valuation data is critical for:
- Fee calculations
- Reconciliation and validation
- Audit and compliance support
Many firms prioritize platforms that tightly connect reporting and billing to minimize manual adjustments and spreadsheet work.
Leading performance reporting platforms used by RIAs
Several platforms dominate the RIA performance reporting landscape, each serving slightly different firm sizes and complexity levels.
Orion Advisor Tech
Orion Advisor Tech offers a broad technology suite that includes portfolio accounting, performance reporting, trading, billing, and CRM integrations.
It is a common choice for independent RIAs looking for an end-to-end platform that supports core operational workflows without stitching together too many separate tools.
Black Diamond (SS&C Advent)
Black Diamond is known for its polished client experience and highly customizable reporting and portals.
Many firms choose Black Diamond for its strong visual presentation, client-facing dashboards, and flexible report customization focused on advisor-client communication.
Envestnet | Tamarac
Envestnet Tamarac provides robust, detailed performance reporting with deep integrations across trading, rebalancing, and CRM systems.
It is often used by larger or more complex advisory firms that need advanced reporting capabilities and enterprise-level integrations.
Addepar
Addepar specializes in complex portfolios, alternative investments, and high-net-worth reporting needs.
Firms with private assets, multi-entity ownership structures, or sophisticated analytics requirements often turn to Addepar for its advanced aggregation and reporting flexibility.
Advyzon
Advyzon combines CRM, portfolio management, performance reporting, and billing into a single platform.
It is commonly used by small-to-mid-sized RIAs seeking an integrated solution that reduces the need for multiple disconnected systems.
AssetBook and Advisor360
AssetBook and Advisor360 offer more specialized portfolio and reporting tools.
These platforms are often adopted to support specific reporting requirements, firm affiliations, or operational use cases rather than serving as full end-to-end systems.
How performance reporting platforms integrate with the RIA tech stack
Performance reporting tools rarely operate in isolation. Their value increases significantly when they integrate cleanly with the rest of the RIA technology ecosystem.
Custodian and trading system integrations
Reliable data feeds from custodians and trading platforms are essential for accurate performance calculations. Most leading reporting platforms integrate with major custodians to pull:
- Positions and balances
- Transaction activity
- Pricing and corporate actions
Strong integrations reduce reconciliation effort and improve confidence in reported performance.
CRM and client portal integrations
Integrations with CRM systems and client portals improve advisor workflows and client communication. When reporting data flows into CRM records and portals automatically, advisors gain:
- Faster access to client performance context
- More consistent client experiences
- Fewer manual updates across systems
For many RIAs, the long-term challenge isn’t choosing a reporting platform — it’s ensuring that reporting data moves smoothly across the entire tech stack without manual workarounds.
Automating performance reporting with CloudQix
CloudQix acts as the automation layer that connects RIA performance reporting tools with the rest of the advisory tech stack — including custodians, CRMs, trading platforms, and billing systems.
Rather than replacing reporting platforms like Orion, Black Diamond, Tamarac, or Addepar, CloudQix sits between systems to ensure data flows cleanly and consistently across them. This allows firms to automate how performance data is shared, validated, and used downstream.
With CloudQix, RIAs can:
- Sync performance and account data between reporting platforms and CRMs
- Trigger billing workflows based on validated reporting data
- Reconcile custodian data automatically across systems
- Eliminate manual spreadsheet exports and re-uploads
- Reduce duplicate data entry and operational errors
By automating these connections, firms spend less time reconciling numbers and more time focused on client service, analysis, and growth. Performance reporting becomes a reliable source of truth instead of a recurring operational bottleneck.
Start automating RIA performance reporting with CloudQix.
