BlackRock Aladdin - Competitors and Alternatives

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.

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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.

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Potential System Landscape

Before diving into Aladdin's competitors, it’s essential to realise that not all systems are equal in scope. Some competitive offerings are like-to-like, while others might be broader or narrower in functional coverage or asset class support. Below is a visualisation of the different types of investment management systems.

Buy-side system examples, from best of breed to front to back

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.

Best BlackRock Aladdin Alternatives

There are multiple ways to create an alternative system setup to Aladdin. One way is a direct competitor, i.e. vendors that are similar in scope and built to service similar clients in type, size and complexity. We start by listing these in alphabetical order.

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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.

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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.

 

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Other Competitors to BlackRock Aladdin

Other vendors compete in part with Aladdin, for example, by being able to challenge a subset of the functionality or by servicing smaller, less complex clients (but with the same broad scope). We list some of them here in alphabetical order.

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.

 

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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.

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SS&C Advent: APX, Moxy, Genesis

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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SS&C Eze

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.

 

Pricing

At the end of the day, the right software is a balance between functionality, ease of use, and cost-effectiveness.

Pricing can vary dramatically between BlackRock Aladdin and its competitors. To explore Limina price examples, visit our pricing page or learn more in our cost reduction use case

 

The total cost of ownership of an investment management system - white text

 

Further reading

No solution fits all, so evaluating your options and deciding what best suits your firm's needs is crucial. We’ve done our best to list the best alternatives to Aladdin above and encourage you to search broader to find a suitable shortlist of vendors for your unique business.

For the system selection process, we’ve created a guide to choosing the best investment management solution. We also have free tools that you can use when evaluating various software. Contact us today, and we’ll provide access.

How Does Limina Compare to BlackRock Aladdin?

Below is a list of the most common reasons investment managers choose Limina. Follow the links to read more about how we enable each respective business goal.

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