Zocks, an AI-driven client intelligence platform for financial advisors, has successfully raised $13.8 million in a Series A funding round led by Motive Ventures. Additional participation came from Lightspeed Venture Partners, Expanse Venture Partners, Entrée Capital, and 14Peaks, building on a previous $5.5 million seed funding.
Zocks positions itself as a privacy-first AI platform that analyzes conversations between financial advisors and their clients to extract vital information. The platform creates detailed household-level profiles by synthesizing client data, automatically identifying actionable items, and filling out necessary forms. It seamlessly integrates with existing CRM systems while upholding stringent privacy standards, reportedly saving advisors an average of 45 minutes per client meeting.
Since its launch in early 2024, Zocks has onboarded over 1,000 advisory firms and forged partnerships with fintech companies like Wealthbox, Redtail, and Practifi.
The recent funding will facilitate the development of AI agents designed to automate labor-intensive workflows such as email responses, account applications, and form processing. Zocks also plans to introduce advanced analytics features and explore opportunities for expansion into Europe.
Mark Gilbert, CEO of Zocks, stated: “The future of wealth management belongs to advisors who can harness unstructured client data and turn it into real-time intelligence. This investment allows us to accelerate AI-driven innovation, expand our team, and deepen our integrations, ensuring that Zocks remains the industry’s most advanced solution for client intelligence and workflow automation.”