A U.K.-headquartered decumulation phase financial planning app company announced Tuesday an integration with SS&C’s Black Diamond Wealth Platform. The Timeline application from Timelineapp Tech Limited, which was founded in 2018 and is headquartered in Basildon, Essex, also counts American planning expert Michael Kitces as one of its “Advisors.” It had its U.S. debut at the September Invest conference.
The integration is meant to assist U.S. advisors using Black Diamond in creating withdrawal strategies for their clients. Specifically, according to a prepared statement, the integration will help advisors assess the sustainability of various hypothetical withdrawal drawdown strategies of client portfolios and can also help “prepare clients for market volatility and highlight longevity risk.”
When using the Timeline application, client data, including account holdings, flows from Black Diamond. According to the Timeline website, the app costs $49 per advisor per month for use with up to 100 clients and has a sliding scale that drops to $42 per month per advisor for 10 or more. The company offers a 30-day free trial.
Additional details on Timeline features are available on their blog.