AI Firm Jump Secures $4.6 Million to Elevate Financial Advisory Services


Jump, an AI software designed for financial advisors, has announced securing a funding round of $4.6 million.

Sorenson Capital led the investment, with substantial contributions from Pelion Venture Partners and various strategic angel investors.

Jump focuses on enhancing the efficiency of financial advisors by automating routine administrative tasks. Through AI technology, Jump enables advisors to concentrate on their core responsibilities: advising clients and fostering strong relationships. The software automates tasks such as notetaking, analyzing data from past client interactions to prepare for upcoming meetings, drafting follow-up emails, generating task lists, and syncing information with CRM systems like Wealthbox, Redtail, and Salesforce.

The fresh funding will be used to bolster the company’s AI capabilities and extend its presence among financial advisors. This investment aligns with Jump’s mission to reduce advisors’ time spent on administrative tasks, thereby enhancing both client and advisor experiences.

Founded in 2022 by Parker Ence, Tim Chaves, and Adam Kirk, Jump underwent over a year of intensive research and development, including a closed beta phase, before officially launching in January 2024. Within a few months, the software has been adopted by hundreds of RIA and Broker-Dealer advisors, largely through organic word of mouth.

“We’re excited to collaborate with Sorenson Capital and Pelion to further assist financial advisors in minimizing time spent on client meeting admin while improving the client and advisor experience,” said Parker Ence, CEO, and co-founder of Jump. “The Jump team is honored to contribute to helping advisors future-proof their vital work in the age of AI as they guide their clients through some of life’s most significant decisions.”

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