AI firm Jump raises $4.6m to enhance financial advisory services


Jump, an AI software for financial advisors, announced today that it has secured a funding round of $4.6m.

The investment was led by Sorenson Capital, with significant contributions from Pelion Venture Partners and several strategic angel investors.

Jump is dedicated to improving the efficiency of financial advisors by automating routine administrative tasks. By leveraging AI technology, Jump helps advisors focus on their core competencies: advising clients and building strong relationships. The software automates various tasks including notetaking, analysing data from past client interactions to prepare for upcoming meetings, composing follow-up emails, generating task lists, and syncing information with CRM systems such as Wealthbox, Redtail, and Salesforce.

The new funding will be utilised to enhance the company’s AI capabilities and expand its reach among financial advisors. This investment will help Jump further its mission to reduce the time advisors spend on administrative tasks, thereby improving both client and advisor experiences.

Jump was founded in 2022 by Parker Ence, Tim Chaves, and Adam Kirk. After more than a year of intensive research and development, including a closed beta phase, Jump officially launched in January 2024. In just a few months, the software has been adopted by hundreds of RIA and Broker-Dealer advisors, growing almost entirely through organic word of mouth.

“We’re thrilled to partner with Sorenson Capital and Pelion so that we can do even more to help financial advisors minimise time spent on client meeting admin while elevating the client and advisor experience,” Jump CEO and co-founder Parker Ence said. “The Jump team is proud to play a part in helping advisors future-proof the critical work they do in the age of AI as they help their clients navigate some of the most important decisions in their lives.”

Previously, Jump had successfully raised funds through initial seed investments from its founders and early supporters, which facilitated its early development and launch.

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