Zocks Raises $45M Series B to Expand AI Capabilities for Financial Advisors

Funding and Investment - Zocks has raised $45 million in Series B funding co-led by Lightspeed Venture Partners and QED Investors, bringing total funding to $65 million [1][3] - The investment will be used to expand Zocks' agentic AI capabilities and assist financial advisors in identifying insights and planning opportunities [2] Company Development and Features - Zocks focuses on developing solutions for enterprise-size firms, emphasizing automation, privacy controls, and security [2] - The platform integrates with various advisor technologies, including customer relationship management tools, financial planning systems, tax software, and portfolio management tools [4] - Zocks has built workflow automations for client onboarding, account openings, meeting preparation, follow-ups, and document processing [4] Data Utilization and Insights - The platform combines conversation and platform data to help advisors identify additional opportunities, such as families lacking college savings plans or clients with old 401(k)s [5] - Recent integrations include Document Intelligence with eMoney Advisor, which extracts client data from financial documents, and a bidirectional integration with Orion for client portfolio data [6] Client Base and Partnerships - Zocks now works with over 5,000 financial firms, including larger firms like Ameritas, Carson Group, Kestra Financial, and Osaic [7]