Conquest Planning Secures $80 Million to Expand AI-Powered WealthTech Platform

Wealth advisory tech firm Conquest Planning has raised $80 million in a Series B funding round led by Goldman Sachs Alternatives’ Growth Equity business, with participation from major investors including Canapi Ventures, Citi Ventures, BDC Capital, TIAA Ventures, USAA, and existing backers BNY and Portage. This latest raise brings the Canadian-founded firm’s total funding to over $100 million, reinforcing its rapid growth across North America and the UK.

Founded in 2018, Conquest Planning offers AI-driven financial planning software tailored for retail investors and ultra-high-net-worth individuals. Its Strategic Advice Manager (SAM) leverages artificial intelligence to analyze thousands of financial variables, helping advisors simulate and evaluate scenarios to make more personalized, data-driven recommendations for their clients.

The platform is now used by more than 60% of financial advisors in Canada and supports over 1,000 financial institutions globally, including RBC, Manulife, Raymond James, and BNY Pershing. Over 1.5 million financial plans have been generated using Conquest’s technology, making it a leading force in modernizing financial advice delivery.

Ainslie Simmonds of BNY praised the software’s impact on client experience: “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 offering this capability through the Wove platform.”

With the new funding, Conquest plans to double down on international expansion and product development, aiming to reshape the future of digital financial advice with scalable, intelligent solutions for advisors and their clients.

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