Farther offers personalized wealth management services aimed at helping clients grow their wealth for future generations. The company utilizes advanced technology and data-driven strategies to provide comprehensive financial support, ensuring that clients receive tailored advice from experienced advisors. Unlike many competitors, Farther aligns its advisors' incentives with those of the clients, promoting unbiased guidance. Their proprietary platform includes smart features that enhance the client experience and provides access to a variety of public strategies and alternative investments. Additionally, clients benefit from a team of experts, including financial planners and estate attorneys, which allows for a well-rounded approach to financial management. Farther's goal is to deliver personalized financial advice and proactive support to maximize the potential of each investment.

Bessemer Venture Partners

Cota Capital

MassMutual Ventures

FinRebel

Context Ventures

Habitat Partners

Khosla Ventures

Lightspeed Venture Partners

Moneta VC

Viewpoint Ventures

CapitalG

Fintech

Financial Services

Farther

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

PNC Financial Services Group Inc. Lowers Position in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)

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.”

Wealthtech Firm Farther Reportedly Exceeds $2B In Aum

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

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

Farther Secures $72 Million Series C from CapitalG and Viewpoint Ventures to Continue Revolutionizing Wealth Management

PHOENIX--(BUSINESS WIRE)--Wealth.com, the industry’s leading estate planning platform, today announced Farther, the nation’s leading technology-centric wealth management firm has made wealth.com available to all advisors and their clients as its go-to estate planning solution. Farther’s experienced advisors and data-driven wealth management platform have set a new standard in financial planning, putting high-net-worth (HNW) clients’ money to work for them, their families and their futures. This commitment extends to the incorporation of wealth.com’s estate planning platform, reinforcing Farther’s dedication to providing a truly comprehensive approach to managing significant wealth. Caring.com’s 2023 Wills and Estate Planning Study revealed an alarming statistic: 54 percent of the wealthiest and most highly educated Americans lack an estate plan, often due to procrastination. In response to this challenge faced by the firm’s advisors and their HNW clients, Farther pursued a partnership with a modern estate planning solution that was built to serve growing firms. By onboarding with wealth.com, Farther’s advisors gain access to an end-to-end platform that is replete with frictionless onboarding, intuitive plan creation, clean visualizations and proactive insights

Wealth.Com Partners With Farther, Integrating Estate Planning Solutions For High-Net-Worth Clients

Farther, the technology-centric wealth management firm, announced assets under management (AUM) of $1.6 billion – further cementing the company’s steady growth in the industry.The announced AUM represents “nearly 2.4x the firm’s previously reported AUM, announced just six months ago in April 2023.”Farther officially surpassed “the $1 billion threshold in September 2023 – making Farther one of the fastest-ever venture-backed wealthtech start-up companies to reach $1 billion in AUM.”Farther has recently closed “a successful, oversubscribed Series B funding round led by Lightspeed Venture Partners, securing $31 million in just four days amidst an overall drought in venture funding – boosting the company’s valuation to $131 million.”Farther Co-Founder and CEO Taylor Matthews said:“Since founding Farther, we’ve focused our efforts on building proprietary technology that removes administrative burdens and frees advisors to spend their time where it counts most: directly with their clients. We are proud to see rapid growth and momentum, despite challenging market and funding conditions, putting Farther on an unprecedented path in the wealth management industry.”Farther’s focus on improving the advisor experience “stands out in the industry. According to McKinsey, wealth advisors typically spend up to 70% of their time on non-advisory activities. Farther’s technology empowers advisors to spend 90% of their time meeting with clients and prospecting – which, at scale, translates to a book of business three times the industry average. With nearly one in three advisors in the wealth management sector reporting not having enough time to work with clients directly, according to J.D. Power, Farther’s robust technology and advisor model stands to reshape the future of wealth management by refocusing and reprioritizing how advisors spend their time, maximizing opportunities for financial returns.”Farther’s platform blends the expertise of wealth advisors “with trailblazing technology: a combination that allows the firm to deliver unmatched client and advisor experiences

Wealthtech Farther Reports Significant Increase In Aum

The November 2023 edition of the latest in financial #AdvisorTech kicks off with the news that Practice Intel has launched a new “growth platform” centered around quantifying the quality of an advisor’s client relationships with an all-in Relationship Quality Index, which while potentially valuable in helping advisors understand and improve their client experience (and subsequently improve client retention and boost the lifetime value of each client), also raises questions about whether advisors will be willing to invest in tools to improve their client experience given their already high average client retention rates, as well as what really is the best metric for measuring satisfaction in the first place, since other platforms also purport to quantify customer satisfaction (some of which are notably less costly than Practice Intel’s suite of practice management tools).From there, the latest highlights include a number of other interesting advisor technology announcements, including:FinanceHQ has launched as a new digital lead generation platform for financial advisors that takes a more niche-focused approach to matching prospective clients with advisors — representing a bet that capturing prospects seeking help for specific problems (whom it can then refer to an advisor specializing in that problem) will reduce the costs of bringing on new clients and help it grow and scale among a crowded market for lead generation services. Technology-focused RIA startup Farther has announced a $31 million Series B funding round at a whopping $131 million valuation. While that’s reflective of its rapid growth in assets and revenue in recent years, it also raises questions about whether its innovative technology offering will really create enough value to fulfill its investors’ expectations, or if it will need to instead focus on simply bringing in more advisors to justify its valuation. Fidelity has stopped giving screen-scraping data aggregators access to its client information, requiring them instead to go through its sanctioned direct data feed — which, while done in the name of ensuring more stable data connections and better account security, also highlights the business opportunity for data platforms and institutions that own and provide access to client data.Read the analysis about these announcements in this month’s column, and a discussion of more trends in advisor technology, including:Two new AI-driven compliance technology solutions, Avery and Hadrius, have launched. On the one hand, that could represent a significant step forward in automating and streamlining the time-consuming, repeatable processes of following compliance procedures, but on the other, raises questions about whether AI technology itself is really ready yet for the highly technical, low-margin-for-error domain of compliance

The Latest In Financial #Advisortech — November 2023

Farther, a NYC-based wealth management firm, raised $31M in Series B funding; valued at $131M

Farther Closes $31M Series B Funding; Valued at $131M

Framer, an Amsterdam-based no-code website builder, has secured a $27 million Series C led by Meritech Capital.

Global VC deals for October 2, 2023

Farther's Series B funding round was "led by Lightspeed Venture Partners, joining existing investors Bessemer Venture Partners, Cota Capital, Khosla Ventures, MassMutual Ventures, and Moneta Venture Capital."

Wealthtech Farther Announces $31M Series B Led by Lightspeed Venture Partners

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