Latest news with #ConquestPlanning
Finextra
14 hours ago
- Business
- Finextra
WealthTech Conquest Planning raises $80 million
Conquest Planning, a wealth advisory firm for retail and HNW investors, has raised $80 million in growth equity backed by a host of venture investors from major US banks. 0 Led by Growth Equity at Goldman Sachs Alternatives, the Series B funding round also included Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures and USAA. Existing investors BNY and Portage also participated in the round, which brings Conquest's total funding to over $100 million. Conquest was established in 2018 to provide accessible, yet bespoke financial advosry tools for retail investors and ultra-high-net-worth families. Its artificial intelligence (AI)-powered software enables financial advisors, banks, brokerages, wirehouses, insurance firms and pension providers to offer personalized advice to clients. The firm's AI-based Strategic Advice Manager (SAM), performs thousands of complex calculations around every piece of information in an individual's financial plan, which allows advisors to quickly and accurately understand the impact of different scenarios on clients' goals and recommend the next best financial decision. The firm counts more than 60 percent of the Canadian financial advisor market as users, and is expanding rapidly in the US and UK. Currently serving more than 1,000 financial services organizations, including RBC, Manulife, BNY Pershing and Raymond James, Conquest coninues to gain market share with more than 1.5 million plans created on its platform. Ainslie Simmonds, executive platform owner, Wealth Service Platform for BNY, says: 'Through the power of AI, Conquest allows advisors to spend less time with the data and more time interacting with their clients and we're thrilled to continue to offer this capability to BNY's clients through the Wove platform.'
National Post
a day ago
- Business
- National Post
Conquest Planning Raises $80 Million Series B Led by Growth Equity at Goldman Sachs Alternatives to Bring Personalized, AI-Powered Financial Plans to More Families
Article content WINNIPEG, Manitoba — Conquest Planning Inc., ('Conquest'), a technology platform modernizing financial planning with customized and convenient advice, today announced it has raised $80 million USD ($110 million CAD) in Series B funding led by Growth Equity at Goldman Sachs Alternatives. The round attracted additional new investors, including Canapi Ventures, a venture capital firm investing in early to growth-stage software and fintech companies, as well as BDC Capital, Citi Ventures, TIAA Ventures and USAA. Existing investors BNY and Portage also participated in the round, which brings Conquest's total funding to over $100 million USD. Article content Conquest was established in 2018 with the foundational belief that financial planning should be accessible, yet bespoke, for retail investors and ultra-high-net-worth families alike. Its artificial intelligence (AI)-powered software enables financial advisors, banks, brokerages, wirehouses, insurance firms and pension providers to offer personalized advice at scale. Article content Conquest will leverage this fresh capital to accelerate its U.S. expansion, while also funding the continued evolution of its AI-based Strategic Advice Manager (SAM). SAM's revolutionary AI planning engine performs thousands of complex calculations around every piece of information in an individual's financial plan, which allows advisors and their clients to quickly and accurately understand the impact of different scenarios on clients' goals and recommend the next best financial decision. Conquest will continue to invest in its technology to support more robust plan analysis, enable more efficient onboarding and plan creation and create tools and modules that lead to dynamic content creation. Article content 'In periods of macro volatility, the need for a modern, comprehensive and flexible financial planning platform becomes even more pronounced,' said Jade Mandel, Managing Director at Growth Equity at Goldman Sachs Alternatives, who will join the company's board. 'We're thrilled to partner with Conquest on their Series B as they further expand into the US and continue to empower financial institutions to provide best-in-class financial planning at scale.' Article content Built to empower all people—whether they are in the borrowing, accumulation, or decumulation phase of life—Conquest's technology enables advisors to deliver flexible, dynamic financial plans that adapt to life's changes and accounts for extended lifespans. With this funding, Conquest will further advance its efforts to democratize advice by accelerating and expanding planning capabilities for individuals and families who may not be ready for a financial advisor relationship, but are seeking guidance on financial decisions such as debt management, investment account selection and a first home purchase. Conquest's new offering, dubbed SAM Bytes, enables advisors to remain engaged with self-directed investors during these planning moments to foster a sustained relationship built on trust. Article content 'The era of inefficient and inaccurate trial-and-error-based financial planning is over,' said Dr. Mark Evans, CEO of Conquest Planning. 'As investors are demanding greater personalization in all aspects of their financial lives, we've unlocked the power of automation and real-time intelligence to bring the advice industry into the modern age. Conquest makes it possible for investors at any stage of life to get the financial advice they deserve. We're grateful to our partners for embracing our commitment to making high-quality advice more accessible to a broader range of families.' Article content Conquest has also deepened its capabilities for advisors serving generationally wealthy families by investing in its estate and legacy planning features. These modern solutions offer stronger support for both pre-mortem and post-mortem advice, helping advisors to identify planning gaps and opportunities while providing proactive recommendations aligned with each family's legacy priorities and overall financial plan. Article content 'Wealth management is a core growth driver for our 70+ bank LPs, where financial planning serves as a foundational pillar of the client relationship,' said Neil Underwood, General Partner at Canapi Ventures. 'Conquest's experienced team has built a modern, configurable, and AI-powered platform that enables institutions and their advisors to deliver intelligent, personalized guidance across the full wealth spectrum. We're proud to partner with Conquest as they bring planning-led advice to the forefront of the financial services industry.' Article content Now counting more than 60 percent of the Canadian financial advisor market as users, Conquest is rapidly gaining adoption in the U.S. and U.K. due to burgeoning market demand for advice across the wealth continuum. Currently serving more than 1,000 financial services organizations, including RBC, Manulife, BNY Pershing and Raymond James, Conquest continues to gain market share as it approaches 1.5 million plans created on its platform. Article content 'We're excited to continue working with Conquest given that we have the same goal – to help advisors improve their efficiency and effectiveness in financial planning,' said Ainslie Simmonds, Executive Platform Owner, Wealth Service Platform for BNY. 'Through the power of AI, Conquest allows advisors to spend less time with the data and more time interacting with their clients and we're thrilled to continue to offer this capability to BNY's clients through the Wove platform.' Article content About Conquest Planning: Article content Conquest Planning Article content is a leading financial planning software company with a purpose-driven approach to delivering financial advice. The product-led company is built on the foundational belief that every single person deserves access to great financial advice. Conquest's user base, which spans Canada, the U.S. and the U.K., leverage its intuitively designed product, simple onboarding process, and data-driven artificial intelligence to accelerate the delivery of beautifully designed, hyper-personalized financial plans. Established in 2018, Conquest Planning was founded by a team of financial technology veterans whose track record of success spans over 30 years in the financial planning software space. For more information on Conquest, follow us on Article content and Article content YouTube Article content , and to contact our team, please visit our website at Article content . If you are employed by a company that partners with Conquest and have questions about your access, please contact your corporate office for more details. Article content About Growth Equity at Goldman Sachs Alternatives: Article content Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. Article content The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. Article content The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.2 trillion in assets under supervision globally as of March 31, 2025. Article content Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $13 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare. Article content Article content Article content Article content Contacts Article content For Conquest: Article content Article content StreetCred PR Article content Article content conquest@ Article content
Yahoo
07-03-2025
- Business
- Yahoo
CI Wealth adopts Conquest's AI financial planning platform
CI Wealth, CI Financial's Canadian wealth unit, has partnered with Conquest Planning, a provider of AI-powered financial planning software. This collaboration aims to provide advisors within CI Wealth's network, including Assante Wealth Management, CI Private Wealth, and Aligned Capital Partners, with tools to deliver personalised financial advice. Conquest's Strategic Advice Manager (SAM) employs AI to create financial plans that adapt to clients' changing needs. The platform enables advisors to model different financial scenarios, providing clients with a clearer understanding of the potential outcomes of different financial strategies. SAM's ability to balance immediate needs with long-term goals allows advisors to offer optimised advice while focusing more on client engagement. CI Financial wealth co-head and executive vice-president Chris Enright said: 'Our partnership with Conquest affirms this commitment – equipping our advisors with powerful tools to deliver custom, dynamic plans designed to support meaningful outcomes for every client. 'By combining human expertise with Conquest's AI-powered insights, our advisors can deliver curated plans that adapt in real time to each client's unique situation, preferences and goals.' With immediate effect, Assante advisors will have access to Conquest's platform, which includes an advisor-led tool for presenting financial plans and a solution tailored for the Assante Wealth Planning Group. CI Wealth intends to roll out Conquest's solutions across its entire network 'over time'. Conquest has recently updated its platform to improve the quality of financial plans and provide deeper insights. New features such as SAM Insights and the "Ask SAM" function allow for proactive recommendations and easy access to financial reports and strategies. The "SAM Score" functionality offers real-time updates in line with client goals. Conquest Planning CEO Dr Mark Evans said: 'Partnering with industry-leading firms like CI helps us turn this vision into reality. 'By blending human expertise with our intuitive technology, we're able to offer clients the personalised guidance they need, while empowering advisors to deliver more impactful, efficient wealth management strategies.' In 2023, RBC partnered with Conquest Planning to enhance digital financial planning services. "CI Wealth adopts Conquest's AI financial planning platform" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
