Wealth management is booming, but advisors are struggling to keep pace. Nevis, an emerging platform built for the advisory sector, has just closed a $35 million Series A round led by Sequoia Capital, ICONIQ, and Ribbit Capital. With this, the company has raised $40 million in total funding in less than a year.
The fresh capital will fuel product expansion and accelerate adoption among wealth management firms across the US.
A growing need for personalised financial guidance
More than 50 million Americans rely on financial advisors to navigate crucial milestones like retirement, children’s education, and business planning. The need for skilled advice is surging as personal wealth rises nationwide.
Households with over $500,000 in investable assets are expanding eight times faster than the general population, adding unprecedented pressure on advisory firms to scale their services without sacrificing quality.
Yet one factor continually limits the industry, and it is capacity. Advisors spend nearly 80% of their working hours on manual administrative tasks instead of meeting clients. This inefficiency slows down firms, impacts their ability to grow, and restricts access to quality financial guidance for millions of families.
One-of-its-kind unified AI platform for wealth management
Nevis was founded by Mark Swan, Philipp Burda, and Ivan Chalov. All were formerly executives at Revolut, a digital bank serving over 65 million clients globally and Europe’s highest valued private technology company.
The company aims to be the missing link that frees advisors to focus on clients instead of paperwork. Nevis builds purpose-built AI products that help financial advisors automate their entire administrative workflows and actively complete operational work.
Its platform automates administrative workflows from start to finish, tasks that typically consume the bulk of an advisor’s day. From onboarding and documentation to compliance and reporting, Nevis handles the behind-the-scenes work so advisors can spend more time delivering personalised financial strategies.
The impact is already visible. Nevis supports some of the fastest-growing wealth management firms in the US, including national RIAs such as United Capital and Apollon Wealth Management, as well as firms serving ultra-high-net-worth families like GC Wealth. Collectively, its users manage more than $50 billion in client assets, and the company continues to onboard firms at an impressive pace.
Redefining how advisors scale
Wealth management has always been built on trust, relationships, and tailored advice, but scaling those qualities has been difficult. By eliminating tedious operational work, Nevis gives advisors the leverage they need to grow without compromising the personal touch that clients expect. For firms, this unlocks higher productivity, better client retention, and the ability to serve far more households with the same team.
As demand for financial advice rises and advisor workloads intensify, solutions like Nevis are becoming essential rather than optional. With its new funding and increasing market traction, the company is positioned to reshape how advisory firms operate and expand in the years ahead.
“Nevis is the world’s first AI platform for wealth management,” said Mark Swan, CEO of Nevis. “We’re building a future where every financial advisor is supported by an AI platform that can actually complete operational tasks end-to-end. From helping advisors prepare for client meetings to opening custodian accounts, Nevis streamlines the workflows that consume the majority of an advisor’s time. With this level of automation, advisors can focus on what matters most: delivering best-in-class client service and growing their business.”
“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,” said Jim Rivers, President of United Capital, a $24 billion AUM wealth management firm serving over 14,000 clients across the US. “Nevis’s approach integrates each of our systems to allow for ease of use and efficiency in all areas of our firm. This will give everyone more time to spend with clients.”
“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,” said Dave Breslin, Executive Vice President of GC Wealth and former SVP at First Republic. “What impressed us most about Nevis was its completeness. Most solutions either try to automate one small part of the process or modernise old software. Nevis felt different — a cohesive, intelligent platform built for the next decade of wealth management.”
“We believe wealth managers face a defining opportunity. When AI takes on the operational load, advisors are freed to focus on clients and business growth,” said Luciana Lixandru, Partner at Sequoia Capital. “To build a generational company in this space takes deep fintech DNA, something Mark, Philipp, and Ivan possess in spades from their time at Revolut. They know what it takes to build with speed and precision and we’re excited to partner with them on their journey to transform wealth management.”
“In our view, Nevis is unlocking the true potential wealth management firms can achieve once freed from outdated and fragmented systems,” said Seth Pierrepont, General Partner at ICONIQ. “By unifying data and automating the operational backbone, Nevis’ AI-native platform can enable wealth advisors to scale faster than ever before while serving their clients more effectively and operating with far greater efficiency. Building a category-defining company in this space demands significant experience in the fintech space, and Mark, Philipp, and Ivan bring just that from their years working together at Revolut. We believe their product vision and execution discipline set them apart, and we couldn’t be more excited to partner with them as they work to redefine the future of wealth management.”
