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The Wealth Management APIs extend Bluum’s core investing infrastructure with financial planning, risk assessment, portfolio construction, and automated investing. They’re designed for products that offer managed investment experiences — robo-advisors, financial planner apps, and employee benefits platforms.

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Object relationships

The wealth objects build on each other in a logical sequence: 
Account (individual)
  └── Investor Profile (financial picture)
        ├── Risk Assessment (risk tolerance → allocation)
        ├── Goals & Life Events (financial objectives)
        ├── Dependents (family context)
        ├── External Accounts (outside holdings)
        │
        └── Financial Plan (strategy)
              └── Investment Policy Statement (rules)
                    └── Portfolio (managed holdings)
                          ├── Auto-Invest (recurring investments)
                          ├── DRIP (dividend reinvestment)
                          ├── Rebalancing (maintain target allocation)
                          └── Insights & Recommendations
Each layer informs the next. The investor profile feeds the risk assessment, which drives the financial plan, which produces the IPS, which governs the portfolio.

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The wealth lifecycle

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1. Collect the investor profile

Gather the user’s financial picture: demographics, employment, income, tax situation, insurance, estate plans, and investment preferences. The profile is modular — you can collect sections progressively as the user completes your onboarding flow. See Investor Profile.

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2. Assess risk tolerance

Submit a risk questionnaire to determine how much volatility the investor can tolerate. The assessment produces a risk score and recommended asset allocation split (equity/fixed income/alternatives). See Risk Assessment.

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3. Define goals

Create financial goals (retirement, education, home purchase) with target amounts and timelines. Record life events (marriage, job change, inheritance) that affect the plan. Add dependents and external accounts for a complete picture. See Financial Planning.

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4. Generate a financial plan

The financial plan synthesizes goals, risk profile, and financial situation into an investment strategy. It maps each goal to a recommended approach and timeline. See Financial Planning.

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5. Create an Investment Policy Statement

The IPS formalizes the investment rules: target asset allocation, rebalancing policy, risk constraints, and investment objectives. It serves as the governing document for the portfolio. See Portfolios.

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6. Build and manage portfolios

Create a portfolio governed by the IPS. Set up auto-invest for recurring contributions, enable DRIP for dividend reinvestment, and trigger rebalancing when allocations drift. See Portfolios.

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7. Monitor and optimize

Review insights and recommendations, track performance, run tax optimization analysis, and generate reports. See Insights & Recommendations.

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Wealth vs Self-Directed

CapabilitySelf-DirectedWealth Management
Account creationtrading typeindividual type
KYC & complianceSameSame
Wallets & fundingSameSame
Manual order placementYesYes (but typically automated)
Investor profileNot usedRequired
Risk assessmentNot usedRequired for portfolio construction
Financial planningNot usedAvailable
Managed portfoliosNot usedCore feature
Auto-invest & DRIPNot usedAvailable
Insights & reportsNot usedAvailable
You can support both models simultaneously — some users may want self-directed trading while others prefer a managed experience.