Farther Surpasses $2 Billion in AUM; Recognized as Top Innovative Fintech Company by Fintech Innovation 50
Farther’s Latest AUM Announcement Further Cements the Firm’s Position as One of the Fastest-Growing Venture-Backed Wealthtechs | February 7, 2024
NEW YORK, NY – Farther, the nation’s leading technology-centric wealth management firm, announced today its latest assets under management (AUM) of $2.2 billion, demonstrating a 4x year-over-year increase. Since its founding in 2019, Farther has experienced record-breaking growth, fortifying its position as one of the fastest-growing venture-backed wealth management firms.
This latest milestone comes on the heels of Farther’s inclusion in the 2024 Fintech Innovation 50 – an annual list launched by GGV Capital U.S. in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors.
“We are extremely proud of the growth that Farther has achieved and are honored to see the recognition of our team’s hard work,” said Farther Co-Founder and CEO Taylor Matthews. “Kicking off 2024 with strong momentum, our focus is on continuing to scale Farther, creating the infrastructure where more advisors can thrive, and uncovering wealth-building opportunities for our clients to grow their assets.”
In September 2023, Farther closed a successful, oversubscribed Series B funding round led by Lightspeed Venture Partners. Despite venture funding of the financial services and fintech industry hitting a six-year low, Farther secured $31 million in just four days, which brought the company’s valuation to $131 million, underscoring Farther’s effective business model and status as one of today's most innovative emerging wealth management firms.
Farther is continually expanding its services to integrate all aspects of its clients' complex financial lives within its proprietary platform, offering a unified and comprehensive view. Last month, the company announced strategic partnerships with Wealth.com – incorporating the platform's leading estate planning solutions into Farther’s advisory services – and with YCharts, empowering Farther’s investment team and advisors with advanced research capabilities and tools for client communication.
Farther is the leading technology-centric wealth management firm – combining expert advisors with cutting-edge technology to deliver an efficient, comprehensive, and elite client experience. Founded in 2019 and backed by top-tier venture capital firms, Farther caters to high-net-worth professionals who need a more holistic approach to managing their money.