Farther

Farther

Personalized wealth management and financial advice

About Farther

Simplify's Rating
Why Farther is rated
A
Rated A on Competitive Edge
Rated A+ on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Series C

Total Funding

$118M

Headquarters

New York City, New York

Founded

2019

Overview

Farther.com offers personalized wealth management services aimed at helping clients grow their wealth for future generations. The company uses advanced technology and data-driven strategies to provide tailored financial advice and support. Its proprietary platform allows advisors to concentrate on client needs while offering access to a variety of public strategies and alternative investments. Unlike many competitors, Farther.com aligns the incentives of its advisors with those of the clients, ensuring unbiased guidance. The company also has a team of experts, including financial planners and estate attorneys, to provide comprehensive financial support. Farther.com generates revenue by charging clients for its wealth management services, with a focus on personalized guidance and proactive technology.

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Simplify's Take

What believers are saying

  • Farther secured $72 million Series C to expand its advisor network and services.
  • The firm achieved a 4x year-over-year increase in assets under management to $2.2 billion.
  • Partnerships with Wealth.com and YCharts enhance estate planning and research capabilities.

What critics are saying

  • Rapid AUM growth may strain Farther's proprietary platform if not managed carefully.
  • High valuation post-Series B raises pressure on technology to meet investor expectations.
  • Reliance on strategic partnerships poses risks if partners face disruptions or underperform.

What makes Farther unique

  • Farther combines expert advisors with cutting-edge technology for elite client experiences.
  • The firm offers a proprietary platform with smart features for personalized financial advice.
  • Farther integrates estate planning solutions, addressing gaps for high-net-worth clients.

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Funding

Total Funding

$118M

Above

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$72M
Farther
$100M
Oura

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-1%

2 year growth

-1%
Slater Sentinel
Mar 13th, 2025
Dimensional Global Core Plus Fixed Income ETF (NASDAQ:DFGP) Sees Strong Trading Volume - Here's What Happened

Farther Finance Advisors LLC purchased a new stake in Dimensional Global Core Plus Fixed Income ETF in the third quarter valued at $77,000.

Financial IT
Oct 10th, 2024
Farther Secures $72 Million Series C From CapitalG and Viewpoint Ventures to Continue Revolutionizing Wealth Management

Farther secures $72 million Series C from CapitalG and Viewpoint Ventures to continue revolutionizing wealth management.

PR Newswire
Oct 10th, 2024
Farther Secures $72 Million Series C from CapitalG and Viewpoint Ventures to Continue Revolutionizing Wealth Management

/PRNewswire/ -- Farther, the leading technology-centric financial advisory firm, closed a $72 million Series C funding round to expand its advisor network and...

Defense World
Mar 9th, 2024
PNC Financial Services Group Inc. Lowers Position in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)

Finally, Farther Finance Advisors LLC purchased a new stake in BlackRock MuniHoldings Quality Fund II in the second quarter worth about $38,000.

Crowdfund Insider
Feb 10th, 2024
Wealthtech Firm Farther Reportedly Exceeds $2B In Aum

Farther, which claims to be among the nation’s leading technology-centric wealth management firms, announced recently its latest assets under management (AUM) of $2.2 billion, demonstrating a 4x year-over-year increase.Since its founding in 2019, Farther claims that it has “experienced record-breaking growth, fortifying its position as one of the fastest-growing venture-backed wealth management firms.”This latest milestone comes on the heels of Farther’s inclusion in the 2024 Fintech Innovation 50 – an annual list launched by GGV Capital U.S. in partnership with Crunchbase, in order “to recognize the most promising fintech companies in the eyes of startup investors.”Farther Co-Founder and CEO Taylor Matthews said:“We are extremely proud of the growth that Farther has achieved and are honored to see the recognition of our team’s hard work. Kicking off 2024 with strong momentum, our focus is on continuing to scale Farther, creating the infrastructure where more advisors can thrive, and uncovering wealth-building opportunities for our clients to grow their assets.”In September 2023, Farther closed “a successful, oversubscribed Series B funding round led by Lightspeed Venture Partners.”Despite venture funding of the financial services and fintech industry hitting a six-year low, Farther says that it “secured $31 million in just four days, which brought the company’s valuation to $131 million, underscoring Farther’s effective business model and status as one of today’s most innovative emerging wealth management firms.”Farther further claims that it is “continually expanding its services to integrate all aspects of its clients’ complex financial lives within its proprietary platform, offering a unified and comprehensive view.”Last month, the company announced strategic partnerships “with Wealth.com – incorporating the platform’s leading estate planning solutions into Farther’s advisory services – and with YCharts, empowering Farther’s investment team and advisors with advanced research capabilities and tools for client communication.”As noted in the update, Farther states that it is “the technology-centric wealth management firm – combining expert advisors with cutting-edge technology to deliver an efficient, comprehensive, and elite client experience.”Founded in 2019 and backed by venture capital firms, Farther caters “to high-net-worth professionals who need a more holistic approach to managing their money.”

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