- Lumiant announced it raised $3.5 million.
Lumiant – an advice and client engagement platform that empowers financial advisors to connect with clients – announced it has closed a seed funding round totaling $3.5 USD million. The funding was provided by Australian financial planning firm Invest Blue and wealth management firm Savant Wealth Management. This brings Lumiant’s total funding raised to date to approximately $9 million USD (about $12 million AUD). Plus this funding round comes on the heels of a strong growth year for Lumiant – which boosted the number of end clients on its platform by about 44% last year.
This funding round will also support Lumiant’s continued U.S. expansion as well as the buildout of its mobile development and engineering teams with the goal of bringing the Lumiant experience to Android and iOS in the coming months.
Launched in Sydney, Australia, and expanded in the United States in May 2022, Lumiant offers an award-winning client experience platform that helps advisors discover what truly matters to clients and their family members. And its cloud-based solution provides advisors with the tools to design and stage memorable, measurable and scalable transformational values-based advice experiences. Plus the modules help transform qualitative client conversations into quantifiable outcomes, visualizing the impact and value of advice. Currently, over 60 advisory firms use Lumiant’s enhanced advice experience to deepen their relationships with clients and prospects.
This new funding round has already seen Lumiant bolster its engineering and mobile development ranks as well as employ Phil Pilgrim as the new Head of Corporate. And with over 20 years of financial services experience, over a broad range of roles in advisory, consultancy, and business development, and as an advice practice owner and director, Pilgrim brings a wealth of experience to Lumiant. He will be responsible for continuing to drive growth in Australia and New Zealand.
KEY QUOTES:
“Lumiant is committed to helping individuals and their families live their best lives. By meeting clients where they are—on their mobile devices—we can enhance their ability to track progress toward their goals. We’re thrilled to have backers who understand the wide-reaching appeal of our advice engagement technology and its ability to transform the advisor-client relationship.”
— Santiago Burridge, Lumiant’s founder and Global CEO
“As an early client and strategic partner of Lumiant, we’ve been afforded first-hand insight into its myriad benefits for advisors. As such, we’re pleased to double down on our investment and help bring this next-gen experience to mobile. We’re confident that our clients will benefit from the ability to monitor progress toward their life and financial goals in real time and on the go.”
— Brent Brodeski, founder and CEO at Savant Wealth
“As we were considering ways to better serve our clients, with a focus on empowering them to live their best possible life, we had initially considered developing our own client engagement tool in-house. When we discovered Lumiant’s digital platform, which focuses on assisting advisers to allow them to have more meaningful, values-based conversations with their clients, we realized we were looking at the future of our business and the industry. We are subsequently proud to lend our financial backing and look forward to partnering with Lumiant to empower more families around the world to live their best possible life.”
— David Stephen, managing director at Invest Blue
