If humans are spending an ever-increasing amount of time on their smartphones in this digital age, they might as well be putting that screen time to good use and turning it into something with a tangible reward. To this end, there are tools like Lu Global, a new online wealth and investment management platform. The app provides a new generation of tech-savvy investors a simple and secure way of investing – right from their mobile phones.
A WINNING FORMULA
Flexibility is a key advantage. Besides offering 24/7 online access, the Lu Global app also provides access to a global suite of specially curated open- and closed ended funds from partners such as J.P. Morgan Asset Management, KKR and BlackRock – some of which were typically made available to institutional customers due to the large minimum investment sums and long lock in periods needed. With Lu Global, investing in some of these fixed term products can go as low as US$1 (S$1.40), with commitment periods as short as three months.
Without relationship managers and physical branches in operation, the operational cost savings are passed on to the customers through an attractive fee structure that currently promises zero
subscription fees for all fixed term products. All of these help lower the barriers of entry when investing with Lu Global. That said, the app is currently available to accredited investors in Singapore and investors in Asia.
BACKED BY TRUSTED TECHNOLOGY
Operating out of Singapore, Lu Global is a member of the Ping An Group, the largest insurance company globally that’s also ranked 10th on Forbes’ 2018 Global 2000 list. The app utilises Ping An’s platform of cutting-edge technology, offering its customers confidence and an assurance of reliability when it comes to cyber security and data protection.
Lu Global is also licensed and regulated by the Monetary Authority of Singapore, which has stringent criteria for businesses within the financial sector. Since its launch late last year, the app has acquired 150,000 registered users – and this figure is growing.
A SMOOTH-SAILING JOURNEY
At Lu Global, the customer experience is designed to be intuitive from start to finish. Joining the platform is easy and convenient because the entire process takes place online via the app. There’s no need to physically wait in line with a queue number – simply download the app and proceed to complete your account opening process in as little as five minutes with all the documents ready for submission. Once your account is approved, your first US$100 investment is on Lu Global. Terms and conditions apply.