Nevis Raises $70 Million to Automate Financial Advising

The New York-based firm hits a $500 million valuation after securing funding led by EQT Ventures.

Updated on Oct. 26, 2026 in Financial Services

Isometric editorial illustration showing a stack of gold bars on a steel beam, symbolizing wealth management technology and automated financial services. — New York-based fintech firm Nevis has secured $70 million in a Series B funding round, valuing the wealth-tech startup at $500 million. AI Illustration. Upload story photo >

Live Poll

Do you trust AI-driven platforms to manage your financial planning as the number of advisors declines?

Nevis has raised $70 million in a Series B funding round, bringing its total lifetime funding to $110 million and its valuation to $500 million. The company aims to use the capital to scale its AI platform, which automates administrative tasks for financial advisors.

Why it matters

The company aims to address a projected shortfall of 100,000 financial advisors by 2034 while helping firms manage the transfer of nearly $100 trillion in wealth to heirs. By automating routine work, the platform seeks to solve the issue of advisors spending up to 80 percent of their day on administrative duties.

Nevis currently supports 20 customers who manage a combined $700 billion in assets using its platform. The company employs 70 people across its headquarters in New York and a new office in London.

The players

Nevis

This New York-based fintech company provides an AI-powered platform to automate administrative workflows for financial advisors.

EQT Ventures

This is a global venture capital firm that led the recent Series B funding round for Nevis.

The details

Nevis uses artificial intelligence to perform manual and routine administrative tasks, integrating functions that were previously spread across multiple outdated software systems. This technology is designed to streamline operations for financial advisors who face increasing pressure to handle intergenerational wealth transfers.

October 2024: Nevis was launched.
October 26, 2026: Nevis announced the Series B funding.
2034: Projected shortfall of 100,000 financial advisors.
Through 2048: Projected intergenerational wealth transfer of $100 trillion.

Market Landscape

Nevis aims to capture market share by addressing the efficiency demands necessitated by the workforce reduction trends highlighted in the 2025 McKinsey projection of advisor retirements. The firm positions itself as a technical solution to the industry-wide struggle with declining advisor headcount and massive wealth transfer.

As Nevis scales, financial advisors may see a transition toward platforms that consolidate their software stacks and reduce paperwork. Clients of these advisors could experience improved service speed as administrative bottlenecks are replaced by automated processes.

The takeaway

The rapid growth of companies like Nevis highlights the critical need for automation in wealth management as the industry faces a shrinking labor pool. Advisors looking to scale their practices should focus on adopting integrated software tools to maintain productivity during the coming intergenerational wealth transfer.