Zocks Raises $45M Series B to Accelerate AI-Powered Automation for Financial Advisors

Co-led by Lightspeed Venture Partners and QED Investors, new round brings total funding to $65M and will expand AI capabilities from efficiency tool to business growth engine

SAN FRANCISCO--(BUSINESS WIRE)--Zocks, the privacy-first AI platform for financial advisors, today announced it has raised $45 million in Series B funding co-led by Lightspeed Venture Partners and QED Investors, along with participation from Illuminate Financial and all existing investors, including Motive Partners, Expanse Venture Partners, Entrée Capital, and 14Peaks Capital. The round brings total funding for Zocks to $65 million, and follows its $13.8 million Series A in March 2025.

With the new funding, Zocks will continue to expand its agentic AI capabilities beyond automating administrative work. It can help advisors identify new planning opportunities across their entire book of business and act on them faster by suggesting what to do next, based on contextual insights.

Additional investments will scale the company’s enterprise capabilities through expanded integrations, security, and compliance features. Zocks will also deepen its enterprise-level capabilities, enabling every firm to use agentic AI to better understand its customers and business.

Zocks already saves advisors 10+ hours per week on administrative work by turning client conversations into structured data, with two-way integrations across an advisor’s entire technology stack. It syncs with customer relationship management (CRM) tools, financial planning systems, tax software, and portfolio management tools to automate complex advisor workflows like client onboarding, account openings, meeting preparation and follow-ups, document processing, and more.

As a result, Zocks can combine conversation data with data from these platforms to create new intelligence that helps advisors uncover and engage with new opportunities across their business. For example, advisors can ask questions in Zocks, like finding families without college savings plans, clients with old 401(k)s held outside management, or clients approaching required minimum distribution (RMD) age; get suggested next-best actions based on past conversations and connected data; and complete the suggested step with one click.

More than 5,000 financial firms currently use Zocks to turn every advisor-client conversation into structured data and actionable insights, with industry-leading accuracy. Enterprise customers include Ameritas, Carson Group, Kestra Financial, and Osaic, among others.

"Zocks stands apart because they deeply understand both the technology and our profession," said Shannon Spotswood, CEO of RFG Advisory. "They've built that expertise into an AI product that solves real problems for advisors and their teams, from eliminating operational bottlenecks to surfacing insights we could not access any other way. With Zocks, our advisors can maximize their time and run a better business without compromising the independence that defines who we are."

Despite increasing AI adoption in financial services, the industry faces a critical capacity challenge, with a shortage of 100,000 advisors projected by 2034. And although 93% of billion-dollar registered investment advisors (RIAs) rank referrals as a top organic growth strategy, 83% cite lack of advisor time as a key constraint in implementing it, according to Cerulli Associates.

"This past year has shown just how fast AI is advancing and, with it, how quickly client expectations are changing,” said Mark Gilbert, CEO and Co-founder of Zocks. “Clients want highly personalized service where advisors are anticipating their needs. Zocks is both a system of work for advisors, and now also a system of insight for advisors and firms. We’re aggregating data and intelligence to identify revenue-producing activities, and to guide advisors to be more personalized and proactive across their entire book.”

"Zocks has demonstrated exceptional velocity since Lightspeed initially led their Seed round in 2024, building a comprehensive AI platform that addresses the full spectrum of advisor workflows," said Arif Janmohamed, Partner at Lightspeed. "Their product-first culture, native AI architecture, and integration depth give them a clear advantage in capturing a huge market. We’re excited to continue to re-invest and co-lead this latest round."

“Zocks isn’t just another AI meeting tool, it’s emerging as the system of work for advisors and agents,” said Laura Bock, Partner at QED Investors. “We were super impressed by the depth of workflow automation and the ability to operate across core systems, data sources, and compliance environments at enterprise scale. As firms look to scale personalized service and compete on client experience across wealth, banking, and insurance, Zocks will become essential infrastructure.”

For more information, visit www.zocks.io.

ABOUT ZOCKS
Zocks is the AI Assistant for financial services. Its privacy-first platform saves financial advisors 10+ hours a week by automating administrative tasks like meeting preparation and notes, intake and account opening forms, tailored client emails, document processing, and more. With powerful integrations and enterprise-ready controls, Zocks turns every client conversation into structured, accurate data and insights that strengthen relationships and fuel business growth.

Join thousands of advisors and firms, including Carson Group, Osaic, Kestra Financial, and Ameritas, that rely on Zocks; learn more and start a free trial at zocks.io.