A day after Advent Software announced that it would buy Black Diamond Performance Reporting in a $73 million deal, the latter’s founder and chief executive officer Reed Colley, says its clients have made one thing clear: Do not change the culture of the firm.

The companies announced the deal on Thursday evening, so it is still fresh with its clients. They have not deluged Jacksonville, Fla.-based Black Diamond with questions, but they want it to stay true to itself, Colley said. The firm was founded in 2003. 

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access