What's new at Luminary: October update
Luminary AI can now create and update client data directly from the chat, building entities, holdings, and dispositive provisions as you describe them. This month also brings cash flows, liabilities, and life insurance into the eMoney integration, plain-English tax explanations in the waterfall, private households, a dedicated present mode, and entity-level balance sheets.
Luminary AI Now Builds the Client Profile With You
Luminary's AI Assistant now creates and updates client data directly from the chat. Just describe what you need in plain language, and the assistant builds it into the client profile, the same records that drive every projection, diagram, and presentation on the platform.
The assistant can now handle the core of a client's estate:
- Base objects: Add entities, sub-trusts, individuals, and organizations as you learn about the family and its structure.
- Holdings: Enter asset details, liabilities, and life insurance policies to round out the balance sheet.
- Dispositions: Capture dispositive provisions and beneficiary designations, or implement common planning patterns like pour-over wills and A/B trust structures with a single request.
That means a new client intake can start as a conversation. Tell the assistant that the Smiths have a revocable trust with a pour-over will, two children as equal beneficiaries, and a $5 million life insurance policy held in an ILIT, and the structure takes shape while you talk. Ask it to explain the resulting estate tax exposure, and you're already modeling. Everything the assistant adds is there to review and refine, exactly as if you'd entered it yourself, and the ownership diagram, waterfall, and client presentation all update in step.
Bring Your eMoney Cash Flows, Liabilities, and Life Insurance Into Luminary
Luminary's eMoney integration now imports cash flows, liabilities, and life insurance policies directly into the household. Every record pulls from the household's eMoney base facts, so your waterfall inputs and balance sheet stay aligned with the data your planning team already maintains, with zero manual data entry.
Ask Luminary AI to Walk You Through the Tax Math
Open the tax side panel in any waterfall and click "Explain this" to have Luminary AI explain how the estate tax figures for each death event were derived. It's a plain-English walkthrough of the numbers behind every projection, available right where you're already working.
Answer Brief Questions To Improve Accuracy
After reading a client's documents, Luminary asks targeted questions about anything ambiguous, like whether two individuals are still married or what age to assume for beneficiaries receiving trust distributions. Your answers flow straight into the client's estate model, making every downstream projection more precise.
Private Households
Mark any household as private to limit visibility to the individuals or teams you explicitly assign. It's a simple way for firm principals to keep sensitive client relationships confined to the people working on them.
A First-Class Present Mode for Client Meetings
Presentations now open in a dedicated present mode directly from the app. Walk clients through their plan in a clean, full-screen view built for the meeting room, straight from the household.
Entity-Level Balance Sheets
Balance sheets are now available at the entity level in both presentations and single-entity exports. Show a client exactly what a given trust or business holds, on its own, in the same polished format as the household view.
Luminary Raises $22M Series A
Last month we announced our $22 million Series A, led by Ten Coves Capital with participation from BNY, 8VC, Fin Capital, Focus Financial Partners, and Rockefeller Capital Management's FinTech Innovation Fund. The funding will go toward expanding Luminary's AI capabilities and integrations, building out administration workflows, and growing the team to meet demand from advisors, tax practices, and law firms. Thank you to the customers and partners who made this possible.
Find Us at Schwab IMPACT, Booth TECH06
We'll be in Boston for Schwab IMPACT, October 27 through 29. Stop by booth TECH06 to see the latest in Luminary, including this month's eMoney import and Luminary AI updates, and to walk through a live demo with our team.