Conquest Planning raises $80 million
Financial planning software company Conquest Planning has raised $80 million in Series B funding led by Goldman Sachs Alternatives, with participation from Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, BNY, Portage, and USAA.
Headquartered in Canada with offices in the UK and US, more than 60% of the Canadian financial advisor market uses Conquest. The company serves more than 1k financial services organizations, including RBC, Manulife, BNY Pershing and Raymond James, and it approaches 1.5 million plans created on its platform.
The company will leverage the capital to accelerate its US expansion, while also funding the continued evolution of its AI-based Strategic Advice Manager (SAM). SAM’s AI planning engine performs thousands of complex calculations around every piece of information in an individual’s financial plan, which allows advisors and their clients to quickly and accurately understand the impact of different scenarios on clients’ goals and recommend the next best financial decision.
“In periods of macro volatility, the need for a modern, comprehensive and flexible financial planning platform becomes even more pronounced. We’re thrilled to partner with Conquest on their Series B as they further expand into the US and continue to empower financial institutions to provide best-in-class financial planning at scale.” – Jade Mandel, Managing Director at Growth Equity at Goldman Sachs Alternatives.
“The era of inefficient and inaccurate trial-and-error-based financial planning is over. As investors are demanding greater personalization in all aspects of their financial lives, we’ve unlocked the power of automation and real-time intelligence to bring the advice industry into the modern age. Conquest makes it possible for investors at any stage of life to get the financial advice they deserve. We’re grateful to our partners for embracing our commitment to making high-quality advice more accessible to a broader range of families.” – Dr. Mark Evans, CEO of Conquest Planning.
“Wealth management is a core growth driver for our 70+ bank LPs, where financial planning serves as a foundational pillar of the client relationship. Conquest’s experienced team has built a modern, configurable, and AI-powered platform that enables institutions and their advisors to deliver intelligent, personalized guidance across the full wealth spectrum. We’re proud to partner with Conquest as they bring planning-led advice to the forefront of the financial services industry.” – Neil Underwood, General Partner at Canapi Ventures.
