AI TOOL PROFILE
lumiq: Wealth Management and Portfolio Construction Software
- Finance and Accounting
- Financial Planning
- Financial Advisors
- Wealth Management Firms
- Family Offices
- Asset Managers
- Private Bankers
Pricing
lumiq uses a subscription-based model with annual plans. A one-time setup fee may apply for customized implementations, and a free trial is available.
At a glance
- Best for
- Financial Advisors, Wealth Management Firms, Family Offices, Asset Managers, Private Bankers
- Key use cases
- Model Portfolio Creation, Strategic and Tactical Allocation, Client Scenario Analysis, Portfolio Attribution
- Integrations
- Bloomberg, Morningstar API Center
- Official website
- Visit lumiq official website
How AI is used
lumiq is a cloud-based SaaS platform for wealth management. It provides tools for end-to-end portfolio construction and asset allocation, using optimizers such as Augmented Black-Litterman and Enhanced Risk Parity to help determine investment weights.
The software is designed for financial professionals, including registered investment advisors, family offices, and private bankers. It supports the transition from strategic asset allocation to creating model portfolios based on risk, return, and loss probability.
The platform supports goals-based planning via Monte Carlo simulations, which may help advisors illustrate potential outcomes for clients. It also offers customizable APIs for firms that want to integrate these functionalities into their own systems.
Buyers should confirm if the supported asset classes—which include equities, fixed income funds, stocks, bonds, and ETFs—meet their specific needs, as the vendor states they are working on adding private equity and structured products.
Key Features
Portfolio Construction
Tools to build model portfolios by selecting asset classes and incorporating relative views to determine investment weights.
Asset Allocation Optimizers
Includes optimizers such as Augmented Black-Litterman and Enhanced Risk Parity for portfolio balancing.
Goals-Based Financial Planning
Supports scenario simulations and Monte Carlo analysis to help evaluate client financial goals.
Model Portfolio Builder
Allows users to create model portfolios or upload pre-set lists of approved funds for adjustment.
Customizable APIs
Provides APIs for firms to integrate platform functionalities into their own business applications.
Use Cases
Model Portfolio Creation
Building and optimizing model portfolios based on specific risk and return parameters.
Strategic and Tactical Allocation
Performing strategic asset allocation (SAA) and tactical asset allocation (TAA) to manage investment weights.
Client Scenario Analysis
Using goals-based planning to share potential investment outcomes with clients through scenario simulations.
Portfolio Attribution
Conducting analysis on portfolio attribution and risk management to evaluate strategy performance.
Integrations
- Bloomberg
- Morningstar API Center
FAQ
What is lumiq used for?
- lumiq is used for portfolio construction, asset allocation optimization, and goals-based financial planning for wealth management professionals.
Who is the target audience for lumiq?
- The platform is designed for asset managers, family offices, registered investment advisors (RIAs), private bankers, and global banks.
How is lumiq priced?
- It is a subscription-based service with annual plans. Depending on the scope of work, some users may be charged a one-time setup fee for customizations.
What asset classes does the platform support?
- lumiq currently supports equity and fixed income funds, single stocks, bonds, and ETFs.
Source category: Finance & Accounting
Source subcategory: Financial Planning
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