Today, as CEO and Co-Founder of Nevis, I’m excited to publicly launch our AI platform and announce our $35 million Series A from Sequoia Capital, ICONIQ and Ribbit Capital, bringing our total funding to $40 million in under a year.
Nevis is the first unified AI platform built for wealth management. We help advisors complete operational work end to end, including meeting preparation, client follow-ups, account openings and ongoing service. Our goal is simple: free advisors from admin so they can focus entirely on growth and serving clients.
Nevis already supports RIAs that manage more than $50 billion in assets, and we are onboarding new firms at a rapid pace.
Founding Nevis
At Nevis, we hold a simple belief: financial advice will always be human led.
Clients trust advisors with their life savings and expect exceptional service. They want professional expertise, clear guidance and absolute trust in the person managing their financial lives. These moments are deeply personal and that part of advice will never change.
What is changing is the world around advisors. Personal wealth in the United States is growing at a historic pace and demand for financial advice has never been higher. More than 50 million Americans seek advice every year, and households with more than $500,000 in investable assets are growing eight times faster than the population. Meanwhile, the number of advisors entering the industry is not keeping up. We estimate that the average advisor will need to double their capacity over the next decade to meet this rising demand.
The problem is that advisors cannot unlock this capacity today because they are held back with admin. They spend up to 80 percent of their time on administrative work created by fragmented tools and manual workflows. It slows advisors down, limits firm growth, increases cost-to-serve and ultimately restricts access to high-quality advice for millions of families.
Last year, I founded Nevis with Philipp Burda and Ivan Chalov, two of the smartest people I’ve ever had the privilege to work alongside. We all saw that advisors want to spend more time with clients, but the industry’s current technology is holding them back.
Why firms choose Nevis
Our customers include some of the fastest growing wealth management firms in the US. These include national RIAs with hundreds of advisors, to multi-family offices that focus on ultra-high-net-worth families. What they all share is the need to scale without sacrificing the quality of their service.
Here is what some of our customers say about working with Nevis:
We’ve explored every so-called ‘AI wealth tech’, but Nevis stood out for being the real thing, a purpose-built, modern platform reimagining the advisor experience from the ground up. It doesn’t bolt AI onto legacy systems; it uses it to transform how our firm operates.
– Dave Breslin, EVP of GC Wealth
Nevis will completely transform our technology stack, updating it for the future with critical AI enabled features that will have a meaningful impact on how we do our jobs every day and service clients. Nevis's approach will integrate each of our systems, allowing for ease of use and efficiency in all areas of our firm. This will give everyone more time to spend with clients.
– Jim Rivers, President of United Capital
We chose Nevis because they’re approaching the industry’s biggest challenges from an entirely different angle. Nevis leverages deep global experience to solve the real, firm-specific problems wealth managers face every day. Their leadership team’s track record tackling complex, multinational operational challenges is a breath of fresh air.
– Brad Goodman, Chief Operations Officer of Apollon Wealth Management
Nevis are a true partner built for forward-thinking RIAs. The platform’s depth and focus on workflow automation are exactly what we need. I met Nevis early in their growth. Their product vision stood out from their competition especially given the challenges of managing client data across 30+ systems
– Michael Dodds, President of Dodds Wealth
Our investors
I feel incredibly grateful to work with Sequoia, ICONIQ and Ribbit. Their trust means a lot to me and to our team, and it gives us the backing to build with velocity and ambition.
Sequoia has backed many of the most iconic technology companies of the past fifty years, including Apple, Google, Airbnb, Stripe and NVIDIA. They know what it takes to build category-defining businesses, and they have supported us from the very beginning.
Ribbit is the global leader in fintech investing, with a track record that includes Robinhood, Coinbase, Nubank and Revolut. They understand how to scale fintech companies with speed and precision, which is exactly what we need as we expand.
ICONIQ brings deep expertise in wealth management. They understand this industry better than anyone, and their experience as both a world-class VC firm and a leading wealth management organization makes them an ideal partner for what we are building at Nevis.
Together, I believe they represent the best possible investors to support us as we accelerate our growth and build a truly transformative company in wealth management.
Just the beginning
This launch is an important milestone, but we are only getting started. We are building the future of tools for the world’s leading wealth management firms and we are moving quickly.
If you want to increase advisor capacity, remove admin and modernize your technology stack, we would love to speak with you.
Mark Swan
CEO & Co-Founder