Lumiant is an advice engagement and client experience platform that enables financial advisors to define, co-create, and guide personalized financial plans for their clients. By transforming qualitative conversations into quantifiable outcomes, Lumiant helps advisors visualize the impact of their advice, enhancing client engagement and tracking progress towards their best life goals.
Funding
$8.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial advisors often struggle to deeply engage clients in the financial planning process, especially when focusing solely on investments and market performance. Traditional methods can fail to capture clients' personal values and life goals, leading to generic plans that don't resonate and hinder long-term commitment. This lack of engagement makes it difficult for advisors to demonstrate the true value of their advice beyond financial returns.
Solution
Lumiant offers a client experience platform designed to transform financial planning into a collaborative and values-based process. The platform enables advisors to define, co-create, and guide personalized financial plans that align with clients' life goals and values, not just their financial assets. By quantifying qualitative aspects of a client's life and visualizing the impact of financial decisions on their overall well-being, Lumiant fosters deeper engagement and helps clients stay on track toward their "best life." The platform provides tools for ongoing communication, task management, and progress tracking, ensuring that clients remain active participants in their financial journey.
Target Audience
Lumiant targets financial advisors and wealth management firms seeking to enhance client engagement, differentiate their services, and deliver values-based financial planning.
Features
- **Define Module:** Facilitates the discovery of client values, life goals, and priorities through interactive surveys and assessments based on the eight dimensions of wellbeing.
- **Co-Create Module:** Enables collaborative scenario modeling and visualization of how financial decisions impact clients' life outcomes, fostering a deeper understanding of the value of advice.
- **Guide Module:** Provides a client portal with a personalized dashboard, task management tools, and progress tracking to keep clients engaged and accountable outside of meetings.
- **Open Banking Integration:** Allows clients to securely connect and input their financial data, providing advisors with a comprehensive view of their net worth and financial situation.
- **Key Advice Areas:** Activates pre-defined Key Advice Areas against their plan and the strategies needed to achieve their goals and dreams.
- **Document Vault:** Securely stores and shares important financial documents with clients, streamlining communication and ensuring easy access to critical information.
- **Wellbeing Score:** Tracks and visualizes the impact of financial advice on clients' overall wellbeing, shifting the focus from market performance to life fulfillment.