Sherpas has completed a seed funding round, securing $3.2m led by 1248, the family office of Mariner Wealth Advisors Founder & CEO Marty Bicknell.
AUA Private Equity Capital, GoHub Ventures, and several investors and advisory firms connected to the wealth management sector also contributed to the round.
According to Sherpas, its technology was recently tested within large advisory organisations, operating under compliance and operational oversight in real-world conditions.
These pilot deployments contributed to investor confidence in the role of AI infrastructure for future advisory services.
Sherpas CEO and co-founder Borja Edo said: “Financial advice today is still heavily dependent on time and manual analysis.
“That creates variability that firms don’t always see and can’t scale. Sherpas was built to standardise the analytical foundation of advice, delivering consistent, explainable recommendations in minutes rather than days. The goal isn’t to replace advisors. It’s to remove mechanical work so human judgment can operate at its highest level.”
As part of this funding initiative, Steve Lockshin, who founded Vanilla and AdvicePeriod, will become part of the Sherpas board.
Lockshin commented: “The next decade won’t be defined by incremental technology upgrades, but by whether firms modernise their operating layer.
“Sherpas isn’t adding another tool to the stack; it’s building infrastructure that enables advice to be delivered with greater consistency, speed, and scale. That distinction matters.”
Sherpas plans to allocate the new capital toward refining its decision-support frameworks in areas such as retirement, tax strategy, investment, and risk planning.
The company also intends to increase compatibility with enterprise systems used by advisory firms across the US, with an emphasis on supporting modernisation without the need for additional staffing or increased operational demands.
“AI wealth tech firm Sherpas raises funds in seed round” was originally created and published by Private Banker International, a GlobalData owned brand.
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