Farther Raises $150 Million Series D as Recruited Assets Top $23 Billion
Updated
Updated · Wealth Management · May 21
Farther Raises $150 Million Series D as Recruited Assets Top $23 Billion
5 articles · Updated · Wealth Management · May 21
$150 million in new funding gives Farther fresh capital to expand its New York-based registered investment advisor business, with General Atlantic leading the Series D round announced Wednesday.
Farther said the money will help scale its AI-driven Intelligent Wealth Platform and accelerate advisor recruiting, a strategy it has used to attract breakaway brokers and standalone RIAs.
The round comes less than a year after Farther's $72 million Series C in October, which was led by CapitalG and valued the firm at $542 million; CapitalG also joined the new raise.
Farther said it has now recruited more than $23 billion in assets since its 2019 founding, and in April it added a multi-family office push by hiring former Goldman Sachs executive Ben Seidenstein.
After raising $150M, can Farther's AI justify its unicorn valuation against fierce competition?
How does Farther's all-in-one platform secure its clients' fortunes from new AI risks?
Can Farther's AI platform truly amplify human advisors, or will it ultimately replace them?