Using the Black Diamond integration

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Integration summary

Our integration with Black Diamond allows you to keep your Practifi Assets & Holdings in sync with Black Diamond's Accounts & Holdings. The information flows between the two systems as per the table below:

Practifi

 

Black Diamond

Asset

🠜 Nightly

Account

Holding

🠜 Nightly

Holding

Using the integration

Linking accounts with clients 

Before viewing a client's assets, you'll need to associate their Black Diamond accounts with their client record. You can match accounts with clients from the BD Portfolios page in the Data Management section:

  • In the User menu, click Data Management.
  • Select BD Portfolios from the left-hand menu to be taken to the relevant page.
  • This page will show all accounts retrieved from Black Diamond, as well as the Client records for those already linked.
  • Enter the name of the Client you wish to associate with the Account, then click Save to complete.
  • Where there is no corresponding record in Practifi, you can create a new client record by clicking the pencil icon and then the Create Client checkbox.
  • Click Sync from BD to update the table with any accounts that have been created in Black Diamond since the last sync.
Viewing assets and holdings
  • Black Diamond assets are located on the Assets & Liabilities tab on the Client record
  • Assets sourced from an external system have an  icon to the right of the asset name. When your mouse cursor hovers over the icon, it will display the name of the system it came from, e.g. "Sourced from Black Diamond".
  • Holdings information can be seen from the asset record
Field mapping

 Asset (Practifi) - Account (Black Diamond)

Practifi Black Diamond
Description Name
Account Number Account Number
Valuation Date As of Date
External Number (combination of Practifi & Black Diamond IDs) N/A
Current Value
(sum of Holdings)
N/A

 Holding (Practifi) - Holding (Black Diamond)

Practifi Black Diamond
Name Name
Segment Name Segment Name
Class Name Class Name
Product Code Ticker
Unit Balance Units
As At As of Date
External Number Account ID
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