Sherpas, a Kansas City, MO-based provider of an AI-native infrastructure platform, has raised $3.2 milllion in a Seed funding round led by 1248, the family office of Mariner Wealth Advisors Founder and CEO Marty Bicknell.
The round also saw participation from AUA Private Equity Capital, GoHub Ventures, and others.
Steve Lockshin will join the Sherpas Board of Directors as part of the round.
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The company plans to use the funds to improve its planning tools for retirement, taxes, investments, and risk, and to expand connections with systems used by advisory firms across the country.
The round comes as more advisory firms use AI to improve how they create and deliver financial advice.
The funding comes after Sherpas was tested in large advisory firms, used in real workflows with compliance and operations oversight. These trials strengthened investors’ belief that AI-based systems will be key for modern advisory firms.
Instead of being just another planning app on top of old systems, Sherpas acts as an AI-powered platform for financial advice. It handles everything from investor intake to scenario analysis and recommendation drafting, delivering clear, structured insights in minutes instead of days.
Wealth management is changing. Clients want more, planning is becoming more complex, and advisors need to provide faster, more personalized advice. Yet many firms still rely on manual work, multiple disconnected tools, and time-consuming plan preparation.
Every use of the platform helps it learn how advisors make and apply recommendations, creating a loop between analysis, advisor decisions, and client results. Over time, this knowledge builds up and improves performance across teams.
As part of the round, Steve Lockshin, founder of Vanilla and AdvicePeriod and a longtime innovator in wealth management, will join Sherpas’ Board of Directors. His joining reflects a shared belief that advisory firms need to rethink how financial decisions are analyzed and delivered.
Instead of being just another planning app on top of old systems, Sherpas is an AI-powered platform for financial advice. It handles everything from investor intake to scenario analysis and recommendation drafting, delivering clear insights in minutes instead of days.
“Today, financial advice still relies heavily on time-consuming manual work,” said Borja Edo, Co-Founder and CEO of Sherpas. “This creates inconsistencies that firms may not notice and makes scaling difficult. Sherpas was built to standardize the analysis behind advice, providing clear, consistent recommendations in minutes rather than days. The goal isn’t to replace advisors, but to free them from routine tasks so they can focus on their best judgment.”
“Advisory firms are at a turning point,” said Lockshin. “The next decade will be about whether firms update their core operations, not just small tech upgrades. Sherpas isn’t another tool it’s infrastructure that helps advice be delivered faster, more consistently and at scale. That difference is important.”
As AI changes financial services, firms that build it into their core operations—rather than adding it on later—will gain advantages in efficiency, consistency, and client experience. Sherpas are ready to drive that shift.
About Sherpas
Founded in 2023 by CEO Borja Edo, Sherpas is an AI-powered platform for wealth management firms. It standardises how financial advice is analysed and delivered, helping advisory firms provide clear, consistent, and scalable decisions for clients and teams.
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