AI Wealth Platform Nevis Raises $70M Series B Led by EQT Ventures

The presence of Charles Schwab as a new strategic investor is the signal worth noting: incumbent brokerages are increasingly choosing to back AI-native wealth platforms rather than only build in-house. Nevis's reported revenue and asset growth suggest advisory workflows are moving toward automated portfolio construction faster than many traditional players anticipated, which puts pressure on smaller RIAs and wealth-tech vendors that lack comparable distribution or capital. Whether that asset growth reflects sticky, recurring platform usage or a narrower set of large mandates is the open question, and it will shape how credible this round looks as a competitive marker.