In summer 2024, Mark Swan, a former operations lead at Revolut, identified two critical insights: service businesses, particularly in financial services, would significantly benefit from AI, and financial advisors were bogged down by administrative tasks. Despite facing an “80/20 problem” where 80% of their time was consumed by admin work, the demand for wealth management was soaring, with affluent households rapidly increasing. Believing that AI could enhance, not replace, human advice, Swan co-founded Nevis, an AI platform designed for Registered Investment Advisors. With co-founders Philipp Burda and Ivan Chalov, Nevis secured $40 million in funding and aims to give wealth managers back their time, allowing for deeper client relationships. The company’s commitment to trust, coupled with in-person client interactions, sets Nevis apart, positioning it as a vital tool for the evolving wealth management landscape. Nevis emphasizes scalable, user-friendly AI solutions tailored for financial advisors, enhancing efficiency and client engagement.
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