'Lumio' Improves Your Standing to Help Maximize Savings
Michael Hemsworth — October 22, 2018 — Lifestyle
Finances for demographics like Millennials are being maintained by the account holder over an advisor more than ever, which is increasing the demand for personalized solutions like 'Lumio' to make the process simpler.
The platform works as a wealth mentor that could help users to optimize their finances in mere minutes and allow them to feel more in control of where their money is going. Users will be provided with various investment services that are ideal for their situation, which takes some of the stress out of saving for retirement, a down payment for a home or whatever financial dreams one might have.
The 'Lumio' platform is focused on DIY financial tools, which speaks to a growing disdain amongst consumers for big bank products and services.
The platform works as a wealth mentor that could help users to optimize their finances in mere minutes and allow them to feel more in control of where their money is going. Users will be provided with various investment services that are ideal for their situation, which takes some of the stress out of saving for retirement, a down payment for a home or whatever financial dreams one might have.
The 'Lumio' platform is focused on DIY financial tools, which speaks to a growing disdain amongst consumers for big bank products and services.
Trend Themes
1. Personalized Finance Solutions - Lumio is an example of a personalized finance solution that helps users optimize their finances and feel more in control.
2. DIY Financial Tools - The growing consumer disdain for big bank products and services creates an opportunity for DIY financial tools like Lumio.
3. Increased Demand for Wealth Mentors - The demand for personalized solutions like Lumio is increasing as demographics like Millennials prefer maintaining their finances over an advisor.
Industry Implications
1. Fintech - Lumio falls under the fintech industry as it offers personalized finance solutions and DIY financial tools.
2. Investment Services - Lumio provides various investment services, making it relevant to the investment services industry.
3. Financial Consulting - Wealth mentors like Lumio are disrupting the financial consulting industry by offering personalized and user-friendly solutions.
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