Using the Black Diamond Integration

Follow

Integration summary

Our integration with Black Diamond allows you to keep your Practifi Assets and 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 

mceclip0.png

Select Black Diamond from the dropdown.  This presents the list of Black Diamond Portfolios and and of their earlier linkages.  

Note:  If Black Diamond is the only integration added to the Practifi system then the choice of Black Diamond as a dropdown choice on the Integrations tab will not appear.  The Black Diamond portfolios will appear immediately on the mapping panel without needing to specifically select Black Diamond.

mceclip1.png

 

Linking

To link a Black Diamond Portfolio to an existing Practifi Household click on the down arrow at the right of the row and select Edit, or the pencil icon

mceclip2.png

Search for the name of the Practifi Client you wish to associate with the Black Diamond Portfolio, then click Save to complete.  The system will do a search of potential matches as you type.

mceclip3.png

mceclip4.png

The Assets and Holding of the Black Diamond portfolio are now linked to the selected Practifi household, and will appear under the Financials tab.

New Clients

Where there is no corresponding Client record in Practifi, you can create a new record either by:

  • Clicking on the down arrow at the right of the row and select Create New Client. or

mceclip0.png

  • Ticking the checkbox on the left of the Portfolio Name and clicking on the Create New Client button

mceclip1.png

This step will create a new Client in Practifi with the same name as the Black Diamond portfolio, with the underlying portfolio Assets and Holdings from Black Diamond included.

Viewing assets and holdings

Black Diamond assets are located on the Financials tab of a Client record

 mceclip0.png

mceclip3.png

Clicking on the Name of an Asset opens further details.  Basic details about the Asset are found under the Basics tab. 

mceclip4.png

Clicking on the Holdings tab opens a table with summary details about each Holding within the Asset.

mceclip5.png

Clicking on the Name of a particular Holding opens a panel with further details about the Holding.

mceclip6.png

Field mapping

The content of data fields flows one way, from Black Diamond to Practifi. 

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



0 out of 0 found this helpful

Comments

0 comments

Article is closed for comments.