Introducing the AI-Powered Balance Sheet: Build a Complete Financial Picture in Minutes

The system reads spreadsheets, personal financial documents, account statements, and more, to identify relevant assets, liabilities, and ownership structures. It then organizes that data into a structured format for immediate review and import. What previously took hours of tedious input and reconciliation can now be completed in minutes, so your team can focus on strategy, not spreadsheets.

By moving critical financial data out of static files and into a digitized system of record, Luminary unlocks far more than automation. The balance sheet becomes a launchpad—powering modeling tools, visualizations, tax analysis, and seamless collaboration across advisory teams. What was once a static snapshot is now a dynamic asset at the center of the planning process.

You Deserve Better Than Manual Entry

When a client’s information is fragmented across spreadsheets, statements, and scanned documents, building a household balance sheet becomes one of the most time-consuming steps in onboarding. Endless toggling between documents often means hours of manual input and far too much risk of error.

As one customer put it: “We always ask clients to fill out forms—and then we re-enter the same data anyway.”

In high-stakes relationships, this inefficiency means lost opportunities to demonstrate value. That’s why we built a tool to streamline the creation of one of the most essential planning deliverables: the balance sheet.

Assembling a Cohesive View of Wealth

With Luminary’s latest release, your balance sheet begins where your client data already lives: in files. Upload documents—including spreadsheets, insurance policies, personal financial statements, and more—and Luminary AI handles the heavy lifting. It identifies assets, liabilities, and ownership structures, automatically groups holdings by owner (including trusts and businesses), surfaces suggestions for review, and links every entry back to its source.

You stay in control throughout the process. With a human-in-the-loop workflow, users can review each suggested record individually or validate them in bulk.

Key capabilities include:

• Multi-document parsing: Extract asset, liability, and insurance details from virtually any format
  
  
• Ownership grouping: Automatically categorize holdings by owner, trust, or entity
  
  
• Entity recognition: Identify and suggest trusts and business interests
  
  
• Click-to-review interface: Validate AI suggestions alongside original source materials
  
  
• Client-ready exports: Generate polished balance sheets that feed directly into downstream tools like estate diagrams

Plus, every verified entry becomes part of a dynamic planning record—powering diagrams, simulations, tax modeling, and reporting throughout the Luminary platform.

Built for Anyone Who Touches the Balance Sheet

Whether building an initial snapshot for a prospect, updating an existing household record, or maintaining a source of truth across advisory, legal, and tax teams—this feature is designed for you.

Advisors can reduce friction at onboarding, quickly generate deliverables, and elevate the quality of early conversations. Legal and tax professionals can contribute to a shared system of record, ensuring continuity across long-term planning. Multi-advisor teams benefit from aligned assumptions, reduced duplication, and secure collaboration.

“I was really impressed by what the AI-powered balance sheet can do. I think it’s going to be a big win for our team.”
— $170B+ RIA, Baltimore

Turn Basic Spreadsheets into a Strategic Advantage

Think of the balance sheet as your launchpad: for modeling strategies, projecting estate taxes, and mapping hypothetical transfers. The faster it’s built, the sooner you can illustrate value, and the deeper your client conversations can go.

With Luminary’s AI-powered balance sheet, data becomes a strategic asset.

And because it runs on Luminary’s system of record, the balance sheet doesn’t sit in a static file. It powers entity ownership diagrams, estate simulations, tax impact modeling, and more—with updates syncing automatically as the client’s situation evolves. Changes to account values or trust documents are instantly reflected across your planning tools, calculations, and deliverables. No rework. No re-entry. Just a complete, current view of wealth that’s ready for every planning conversation.

Don’t Just Take Our Word for It

Estate planning professionals are using Luminary’s AI-powered balance sheet to generate client-ready deliverables in minutes. Whether onboarding new clients, engaging prospective households, or updating legacy records, this feature enables a faster, more rigorous approach to balance sheet construction.

Schedule a demo to see how this new capability can help your team streamline onboarding and elevate strategic planning.

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