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:
Using the integration
Linking accounts with clients
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.
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
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.
The Assets and Holding of the Black Diamond portfolio are now linked to the selected Practifi household, and will appear under the Financials tab.
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
- Ticking the checkbox on the left of the Portfolio Name and clicking on the Create New Client button
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
Clicking on the Name of an Asset opens further details. Basic details about the Asset are found under the Basics tab.
Clicking on the Holdings tab opens a table with summary details about each Holding within the Asset.
Clicking on the Name of a particular Holding opens a panel with further details about the Holding.
The content of data fields flows one way, from Black Diamond to Practifi.
Asset (Practifi) - Account (Black Diamond)
|Account Number||Account Number|
|Valuation Date||As of Date|
|External Number (combination of Practifi & Black Diamond IDs)||N/A|
(sum of Holdings)
Holding (Practifi) - Holding (Black Diamond)
|Segment Name||Segment Name|
|Class Name||Class Name|
|As At||As of Date|
|External Number||Account ID|