Nevis Raises $70M for AI Wealth Management

Financial advisers spend substantial time moving between client systems, recording meetings and processing paperwork. Nevis is building an AI platform intended to take more of that work off their desks.

What happened

Nevis announced a $70 million Series B led by EQT Ventures, with participation from Charles Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital. The round brings its total funding to $110 million.

Founded by former Revolut executives, Nevis combines client relationship management, meeting intelligence, planning and custody-related operational workflows in one platform. Its AI agents are designed to perform routine administrative tasks while advisers retain responsibility for advice and client decisions.

The company reports serving wealth-management firms representing more than $700 billion in client assets. That figure is the asset base associated with customers using the platform, not assets managed by Nevis itself or its own revenue.

Why it matters

Wealth management is a relationship-driven business with extensive documentation and compliance obligations. Integrating workflows could reduce repetitive work and allow advisers to spend more time with clients.

The economic opportunity is attractive because advisory firms can have high-value, recurring customer relationships. But adoption depends on trust, security, integration with custodians and reliable handling of regulated processes. Advice quality and client suitability cannot simply be delegated to an automated agent without oversight.

The bigger picture

AI startups are increasingly trying to become the operating system for an entire professional industry. Nevis represents that trend in financial advice, where the challenge is not generating fluent text but executing accurate workflows within a regulated business.