About 18 months ago, Moment was helping wealth firms manage roughly $300 billion in client money.
That number now sits at $10 trillion - and the kind of jump that big usually gets a company a new check.
Moment just got one.
Index Ventures Doubles Down
Moment closed a $78 million Series C on Tuesday, led by Index Ventures, with Andreessen Horowitz, Avra, and the firm's earlier backers writing follow-on checks.
The round brings total funding to $134 million across Index, Andreessen, and Lightspeed Venture Partners.
It came less than 10 months after Moment's $36 million Series B, which Index also led. The checks are getting bigger and the gaps between them are getting shorter.
Behind the company are founders Dylan Parker, Ammer Soliman, and Dean Hathout, who met at Harvard and came out of Citadel Securities before launching Moment in 2022.
Why? The customer mix changed faster than anyone expected.
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What Moment Actually Sells
Moment runs as an AI operating system for wealth management - think of it as the wiring underneath the work advisors, traders, and compliance teams do every day.
The platform replaces a patchwork of separate tools with one system that hosts trading, portfolio management, and compliance in the same place.
The newer piece is the AI agents sitting on top of it:
- Portfolio agents that build a custom client portfolio from a plain-English request in seconds
- Scanning agents that comb thousands of accounts to flag tax and risk openings
- Compliance agents that check trades against custom rule sets in real time
That is the pitch to firms like Edward Jones, LPL, and Hightower: stop paying people to glue old software together, and let agents do it inside one platform.
CEO Dylan Parker said the firms know they need to deploy AI agents, but the infrastructure to run them safely "hasn't existed." He added that the platform is modular, so firms can start with a few core workflows and add more AI capabilities as their compliance frameworks mature.
Worth Noting
Edward Jones, LPL Financial, and Hightower Advisors are all running on Moment, with those firms together managing more than $10 trillion in client money - a number that sat near $300 billion a year and a half ago.
Russ Tipper, Principal and Head of Products and Solutions at Edward Jones, said AI is becoming a "defining capability" for the next era of wealth management, with Moment's optimizer producing personalized client proposals in seconds.
Randy Bullard, who runs investment management at Hightower, said the firm's new Hightower One platform - built on Moment - is "an important step forward" in unifying portfolio, tax, and transition workflows across stocks and fixed income.
Index Ventures partner Jan Hammer called Moment "the company defining the AI era of investment management." The customer list says he might be right.
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