Luminor has launched investment platform: offers investments into thousands of stocks, bonds and funds
Luminor bank has launched an investment platform tailored for all experience levels. The easy-to-use Luminor Investor enables investment into a wide range of non-complex financial instruments starting at 100 Eur per transaction.
In cooperation with Scandinavian partners, Luminor bank is bringing a brand new platform aimed at making investment accessible to common households.
„Investment penetration by households in the Baltics is five times lower than the EU average. This is partially due to complexity of investment process, institutional focus on the affluent and large investment minimums”, - says Mindaugas Tutlys, head of Savings and Markets Products at Luminor.
Luminor is focusing on customers who want to invest but unsure how to start. Luminor Investor platform provides for a simplified customer experience, thus enabling even inexperienced customers and households to begin investing (starting at 100 EUR) and build their savings at their own pace.
At their fingertips are more than 12 000 stocks, 800 ETF, 400 investment funds and 120 bonds, all carefully selected to exclude complex instruments.
A huge effort has been put into making fees clearly visible, understandable and comparable. “We believe investors are entitled to a clear presentation of what they are asked to pay for”, - says Mr. Tutlys.
Advanced investors will appreciate comprehensive access to company financials, news and historical performance data. The amount of data is unprecedented in the Baltic market and is provided free of charge.
“I am absolutely excited to bring the most powerful investor platform in the Baltics and look forward to helping families contribute to their financial security.” - says Mr. Tutlys.
Risk alert! Investing involves risks. The value of the investment during the investment period may increase or decrease, and the return is not guaranteed. In certain cases the investor may lose the invested sum and loses may accumulate in excess of the initial investment. Further information about Luminor investment services, terms and conditions, price lists and the related risks can be found here.