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BlackRock Aladdin - Competitors and Alternatives
A list of the
Best BlackRock Aladdin Competitors
In this article, we highlight some competitors and alternatives to BlackRock’s Aladdin. Our goal with the article is to assist investment managers like you who are researching which solutions to include in a procurement.
Note: All vendor information below is based on online, publicly available information as of 2024-01-05. Sources include company websites, review sites (G2, Gartner, TrustRadius and Capterra) and industry publications.
- 01 Limina
- 02 SimCorp
- 03 CRD
- 04 Bloomberg AIM
- 05 Thinkfolio
- 06 SS&C Advent
- 07 SS&C Eze
Limina IMS
The team at Limina, as former investment managers, understands the challenges of selecting a system. While we offer powerful investment management software, we believe in providing an unbiased overview. Consequently, we won't include ourselves in the comparison, but we encourage you to explore Limina’s solutions as a viable choice based on your unique requirements.
We’ve tried to make it easy for you to confirm whether Limina is a match for you or if Limina might not be your best choice.
SimCorp Dimension
SimCorp Dimension is a front-to-back system used by large investment management companies. The platform supports various asset classes and caters to global investment strategies. The majority of SimCorp’s client base is in EMEA.
Online reviews highlight data management capabilities. Although highly rated, the system’s complexity and steep learning curve are drawbacks mentioned by users.
Charles River Development (part of State Street)
Charles River Development's Investment Management Solution (IMS) is a robust platform enabling firms to optimise a large part of their investment processes. It has a broad functional set, including order and execution management and compliance monitoring.
Charles River services mostly large asset managers but also mid-sized managers. Online reviews mark it down on implementation, while the scalability and flexibility of the solution are strong points.
Bloomberg Asset and Investment Manager (AIM)
Bloomberg is a trusted name in the financial industry, and their Trade Order Management System (OMS) Asset and Investment Manager (“Bloomberg AIM”) covers part of an Investment Management Solution scope. Bloomberg's solution suite also includes portfolio management capabilities through its product Bloomberg PORT.
Bloomberg AIM comes with extensive market data coverage included through the Bloomberg terminal, which all users must have.
S&P Markit Thinkfolio
Thinkfolio by S&P Markit is a software for portfolio management, modelling and order management.
Thinkfolio aims to enhance portfolio visibility and improve decision-making processes. The software started in Fixed Income but now covers multiple asset classes.
Thinkfolio was acquired by Markit in 2014, and then Markit was, in turn, acquired by S&P in 2022.
SS&C Advent: APX, Moxy, Genesis, Geneva
SS&C Advent has a set of solutions, for example:
- APX for portfolio administration and CRM capabilities
- Moxy for order management capabilities
- Genesis for portfolio management capabilities
- Rules Builder for pre- and post-trade compliance controls
- Geneva for portfolio accounting
The solutions integrate to enable end-to-end workflows.
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Similar to Advent, Eze offers various solutions for different parts of the investment lifecycle:
Eze EMS (formerly known as RealTick) for execution management capabilities
Eze OMS for order management capabilities, including compliance
Eze PMS (formerly known as Tradar) for portfolio accounting
Just like Advent, Eze has been acquired by SS&C.
Sophistication vs Simplicity:
Which type of system do you need?
BlackRock Aladdin pricing can be a challenge. It's both a deep and broad platform covering sophisticated workflows from the front office, through the middle office and to the back office.
When evaluating functional coverage of competitors and alternatives to Aladdin, there has historically only been two options:
Sophisticated but complex
Aladdin is built to service the world’s most sophisticated and largest asset managers. The downside is that the system is complex and hard to understand and pricing can be an obstacle. That is also true for:
- Charles River
- SimCorp
Too simple
Some vendors are front-to-back systems as well, but lack the sophisticated level of Aladdin. Examples include:
- Enfusion
- Bloomberg AIM
- Thinkfolio
- SS&C Advent and Eze
Limina - sophisticated yet simple
The holy grail is a system that is simple to understand and use - while at the same time sophisticated enough for your needs. No workarounds should be needed.
How to confidently
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AvanzaAsset management department of bank
By adopting Limina's scalable platform, Avanza has launched 33% additional funds without having to scale its investment operations team. They achieved:
- Decreased dependency on single individuals - by replacing spreadsheets
- Improved operational efficiency - by increased automation
AtleBoutique asset manager
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Genesis moved to Limina a achieved the benefits of a cloud-native environment:
- Lower IT costs
- Simpler BCP processes
- More efficient operations
