Wealthtech Race Heats Up: Nevis, Tandems, and Zeplyn Unveil Next-Gen AI Agents to Automate Back-Office Operations

The race to redefine the financial advisory landscape through artificial intelligence has entered a new, more aggressive phase. No longer satisfied with simple chatbots or basic transcription tools, the industry is shifting toward "agentic" AI—autonomous systems designed to execute complex, multi-step back-office workflows. This shift is being led by a wave of innovation from key wealthtech players like Nevis, Tandems, and Zeplyn, all of which are vying to become the primary operating system for the modern financial advisor.

Nevis Secures $70 Million to Scale AI-Driven Infrastructure

Nevis, a New York-based AI operating system provider for the wealth management sector, has announced the successful closure of a $70 million Series B funding round. Led by EQT Ventures, this infusion of capital brings the company’s total funding to $110 million, signaling significant investor confidence in its vision for AI-integrated wealth management.

The funding round carries strategic weight, marked by the entry of Charles Schwab as a strategic investor. This partnership is particularly notable given Schwab’s position as a dominant force in the custodial space. Joining Schwab in this round is QuantumLight, the investment fund helmed by Revolut founder and CEO Nik Storonsky. Existing institutional backers, including Sequoia Capital, ICONIQ, and Ribbit Capital, also opted to increase their commitments, reflecting a unified belief in the firm’s rapid growth trajectory.

Nevis’s growth has been described as parabolic. Since 2026, the assets managed on its platform have surged from $50 billion to a staggering $700 billion. The firm is currently onboarding approximately $75 billion in assets per month. Financial performance has mirrored this expansion, with revenue increasing more than 25-fold over the same period. The company’s client list now includes major industry players such as Focus Financial Partners, IEQ Capital, and United Capital, highlighting its adoption among both large-scale RIAs and enterprise-level firms.

The Nevis platform distinguishes itself by unifying CRM capabilities, meeting intelligence, financial planning, and complex custodial workflows into a single, cohesive system. To date, the company reports that its AI agents have successfully completed more than 100,000 operational tasks. By automating these processes, Nevis claims it can save advisors up to 10 hours of manual labor per week, allowing them to conduct 30% more prospect meetings and reduce the time required to open new client accounts from weeks to mere days.

Jon Beatty, head of Schwab Advisor Services, emphasized the strategic importance of the collaboration. "Our investment in and partnership with Nevis expands that ecosystem, helping advisors harness AI to operate more efficiently, increase their capacity and ultimately serve more investors," Beatty noted. As part of the transition following the funding round, Carolina Brochado, partner and head of EQT Ventures, will join the Nevis board of directors to help guide the company’s next phase of growth.

Tandems Pushes Past the AI Notetaker

While the market has been flooded with basic AI transcription and summarization tools, San Francisco-based Tandems—formerly known as SigFig—is aiming to transcend the "notetaker" category entirely. The company has launched "Hamilton," an advanced assistant integrated directly into its WealthOS platform.

According to Tandems, Hamilton is capable of handling up to 80% of an advisor’s daily operational workload. This includes high-stakes tasks such as financial planning, portfolio rebalancing, comprehensive meeting preparation, account opening, complex asset transfers, and the management of extensive paperwork.

"When you dig into AI products for financial advisors today, what you get are largely notetakers," said Mike Sha, co-founder and CEO of Tandems. "Hamilton actually makes wealth advisors more efficient and more impactful for their clients, rather than summarizing what needs to be done."

The technical architecture behind Hamilton is designed for flexibility and power. It bridges seven distinct systems and 45 specialized tools within WealthOS. Central to its function is a "Model Harness Optimizer," which dynamically routes specific tasks to the AI model best suited to handle them. This allows the system to leverage the strengths of Anthropic’s Claude, OpenAI’s ChatGPT, Microsoft Copilot, and Google Gemini. Furthermore, the platform provides firms with the option to connect their own proprietary models, ensuring that the AI can be tailored to the specific intellectual property and preferences of individual advisory firms.

Hamilton’s reach is broad, with built-in connectivity spanning major industry institutions, including Schwab, Fidelity, National Financial, Pershing, FIS, Fiserv, and Salesforce. Beyond mere capability, Tandems is prioritizing control and governance. As the regulatory environment tightens, the company has emphasized Hamilton’s ability to adjust client conversations to comply with various state-level AI regulations. It maintains a comprehensive audit log of every AI-assisted interaction, and firms are given granular control, with the ability to disable a single skill, a specific model, or all AI activity in real time.

This focus on compliance comes at a critical juncture. The SEC’s Division of Examinations has identified "super intelligence" as a focal point in its 2027 exam priorities. Regulators are increasingly scrutinizing how firms implement AI in areas ranging from fraud detection and back-office operations to anti-money laundering (AML) and Regulation Best Interest (Reg BI) compliance. With more than 5,000 advisors across firms such as Wells Fargo, Scotiabank, Citizens, and New York Life already utilizing Tandems, the platform currently oversees $80 billion in assets across 2.7 million individual accounts.

Zeplyn Takes AI Agents into the Back Office

New York-based Zeplyn is also leaning into the trend of autonomous agents with the introduction of "Zeplyn Workflows." This solution is designed to transform a firm’s static operating playbooks into dynamic, multi-step processes that function seamlessly across different software systems and departments.

Zeplyn has identified advisor transitions, client onboarding, and account opening as primary use cases for the new tool. The product operates on "Zeplyn Agent Nexus," the AI orchestration engine the company unveiled earlier this year. The architecture is built for transparency and reliability; each workflow records a designated owner, maintains a clear status, and tracks a detailed activity history. Crucially, the system is designed with human-in-the-loop safeguards, allowing the workflow to pause at predetermined intervals so that a human advisor or administrator can review and approve the next phase of the process.

The system utilizes over 50 wealth-specific AI agents that interface with more than 30 distinct advisor systems. These agents are programmed to interpret complex data and determine the necessary next steps within strictly defined parameters, while rule-based actions provide a secondary layer of validation to ensure data integrity across the firm’s tech stack.

The rollout of Zeplyn Workflows follows the company’s recent launch of its "Agent Studio" and a companion MCP server, tools intended to provide firms with the agency to build and customize their own AI tools. Era Jain, co-founder and CEO of Zeplyn, believes that the ability to codify institutional knowledge into actionable AI is the future of the advisory profession. "An advisory firm should be able to tell its AI how it operates and expect the work to get done, and with Zeplyn Workflows, that’s possible," Jain said.

As these firms continue to iterate, the wealth management industry is witnessing a fundamental transition. The promise of these AI agents is not merely to assist the advisor in documenting their work, but to perform the work itself. By automating the fragmented, time-consuming processes that have historically defined back-office operations, companies like Nevis, Tandems, and Zeplyn are attempting to clear the path for advisors to focus on what they do best: managing client relationships and providing high-level financial guidance. With billions of dollars in assets now flowing through these platforms, the stakes for successful integration have never been higher.