Luminary + Black Diamond: A new integration to streamline trust & estate planning

Integration benefits

By bringing together Luminary and the SS&C Black Diamond® Wealth Platform, advisors can sync their client profiles and entities in Luminary with existing Black Diamond portfolios in just a few clicks. This seamless connection ensures trust and estate plans have up-to-date asset and account values, enabling advisors to provide timely and accurate advice.

The integration process is simple and designed to take less than 10 minutes to get started.  Here’s how it works:

• Initial integration setup: Establish the link between Luminary and Black Diamond through a simple integration connection flow.
  
• Import clients and entities: Select any clients held in Black Diamond to be imported into Luminary with their corresponding entities.
  
• Ongoing valuation sync: Once imported, Luminary will continue to sync asset and account values for all linked entities automatically each day.

Leverage Luminary’s feature set

The integration allows advisors to onboard quickly and leverage Luminary’s powerful feature set:

• Model new wealth transfer strategies: Luminary AI parses and summarizes data trapped in static trust documents to create a single source of truth, with values synced via Black Diamond. Starting with an up-to-date estate plan, our tools enable advisors to layer in what-if analyses to robustly model the outcomes of new planning strategies.
• Demonstrate value: Track and report on estate tax savings created over past decades, alongside rich visualizations that make it easy to demonstrate beneficiary outcomes and differentiate between in-estate and out-of-estate assets.
• Save time building client presentations: With the Black Diamond integration, client estate plans and diagrams automatically populate with up-to-date account values, eliminating the need for error-prone manual inputs in PowerPoint presentations. Luminary also offers customizable client presentation templates – shaving hours of work to minutes.

Upleveling your wealth management tech stack

The wealth management industry continues to see the growth of innovative new technology platforms that allow firms to scale and uplevel services. Black Diamond and Luminary are working together to enhance the advisor and client experience with technology.

- Justin Wayne, Senior Director, Partnerships and Integrations

Get started

Integrating with Black Diamond has made it easier to get started with Luminary. To learn more, schedule a demo today.