What's new at Luminary: July update

Luminary AI Search, now with summarized answers

When you ask Luminary AI a question, it can help you find sources across multiple locations in a document. Now, Luminary AI Search takes your workflow to the next level, with a summarized answer to help distill the information you need. This is available today to all customers with AI access. Interested in seeing a demo? Book a demo here.

Add cashflows to your estate waterfall

With Waterfall Cashflows, you can simulate how distributions, income sources, administrative and lifestyle expenses impact a family’s legacy over time. Add cashflows for clients or entities, with income or expense growth rates, easily toggle recurring cashflows, or specify termination of cashflows based on death events or trust termination. With this new feature, you have even greater control over modeling your client's estate outcomes in Luminary.

See it in action

AI suggestions now available for existing entities

When you upload a document to an existing revocable or irrevocable trust, you can enable AI suggestions to extract key details, trustees, and beneficiaries.

Redesigned valuation panel improves clarity of assets held

With a new and simpler layout, the valuation makeup of various entities is now easier to see. Toggle between ownership and composition for business entities, or see ILIT cash values and other assets held, all at a glance.

Mark "Prospects" on platform

Luminary is commonly used for prospecting new clients. Now, you can mark these clients with a clear label to keep track of new business opportunities with the client profile.

New Addepar integration enhancements

Have more than one Addepar account associated with a trust? You can now select multiple accounts to link to one Luminary entity. We've also added a new bulk import structure allowing you to quickly find the right client account to add to Luminary. Learn more in Luminary Academy, available to all customers.

⚡️ Spotlight: Winning more referrals

RIAs drive a significant portion of their organic growth through close relationships with attorney and CPA referral sources. Last month, Luminary’s business development team partnered with a growth-oriented RIA to co-host a seminar for their top partners. The seminar highlighted how the RIA uses Luminary to create a single source of truth for each family, enabling collaboration among all members of the professional team. Attendees quickly recognized the tremendous value in the transparency and efficiencies gained from partnerships with firms who use a system like Luminary to drive better client conversations through data and visualizations.