Jump — Series B
· investing
AI operating system for financial advisors Jump raises $80M Series B led by Insight Partners. Now used by 1 in 10 U.S. advisors.
- Company
- Jump
- Round
- Series B
- Amount
- $80M
Product Blueprint
SlipStream — a white-label AI notes and compliance layer that sits inside independent RIA custodial portals (Schwab Advisor Services, Fidelity Institutional) and auto-generates meeting summaries, suitability documentation, and follow-up task lists from advisor-uploaded audio or transcripts, without requiring advisors to switch to a new OS like Jump.
Why it matters
Jump's 1-in-10 advisor penetration means 9-in-10 are unserved — and the bottom half of that market (small independents) will never switch their OS. SEC's 2024 enforcement uptick on suitability documentation created immediate pain for small RIAs who lack compliance staff to backfill paperwork.
Target user
Independent RIAs with 1-5 advisors managing $50M-$500M AUM who already live inside Schwab or Fidelity's custodial tools and can't justify Jump's enterprise pricing or workflow migration cost, but still face the same compliance documentation burden.
Go-to-market
MVP is a Chrome extension that captures audio from advisor Zoom calls, transcribes, and outputs a pre-filled Schwab suitability note template — first 10 customers are pulled from the 2,000-member NAPFA advisor forum by posting a 'free beta, we handle your next 50 meeting notes' offer; validate willingness to pay at $99/month before building custodian API integrations.
Sources