$72 Million Mega Deal Rocks the Wealth Management World - What's Next?

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

Co-led by CapitalG and Viewpoint Ventures, this new funding brings Farther's total funding to date to over $100 million, demonstrating a clear vote of confidence in the company's innovative approach to wealth management.

Farther's Asset Under Management (AUM) has surged an impressive 5x year-over-year, surpassing $5 billion. This remarkable growth is a testament to the company's dedication to revolutionizing the wealth management industry through technology, innovation, and exceptional client service.

Farther's cutting-edge platform empowers financial advisors to develop highly personalized investment strategies for their clients, leveraging advanced data analytics and machine learning. This approach has resonated with investors, who are increasingly seeking sophisticated and tailored wealth management solutions.

The new funding will be used to expand Farther's advisor network and further enhance its wealth management platform. This expansion will enable the company to reach even more clients and provide them with unparalleled levels of service and support.

This significant investment from CapitalG and Viewpoint Ventures is a clear endorsement of Farther's vision for the future of wealth management. As the company continues to grow and evolve, it's clear that Farther is well-positioned to lead the industry forward and redefine the way wealth management is delivered.

Farther's CEO commented on the funding, saying, 'We are thrilled to have secured this significant investment from CapitalG and Viewpoint Ventures. Their support validates our innovative approach to wealth management and will enable us to accelerate our growth and expansion plans.' The CEO added, 'We look forward to working closely with our new investors to continue revolutionizing the wealth management industry.'

The funding round was co-led by CapitalG and Viewpoint Ventures, with participation from existing investors. The terms of the deal were not disclosed.