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.
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