Luminary Raises $22 Million in Series A Funding for AI-Powered Wealth Transfer Platform
Luminary has raised $22 million in a Series A funding round led by Ten Coves Capital, with strategic participation from BNY and previous investors. The company's total funding now stands at nearly $32 million. Luminary is an AI-native platform that transforms static estate documents into structured data to support wealth transfer workflows for financial advisors, trust companies, law firms, and accounting firms. The investment aims to scale the firm’s industry-leading AI capabilities, expand administration workflows, and grow its commercial team in response to increasing demand across the wealth ecosystem. The company's platform supports over $500 billion in client assets and is used by high-net-worth wealth management clients such as Caprock, IEQ Capital, Wealth Enhancement Group, top tax advisory practices, AM Law 100 legal firms, and trust companies. Luminary was founded on the premise that wealth transfer should be an ongoing service rather than a one-time event. The platform helps advisors deliver proactive guidance in areas like tax-efficient strategies, trust structuring, and administration to align family plans with generational goals.
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