Dispatch
Category: AI in Fintech
Dispatch provides an AI-ready data infrastructure for financial advisors, automating the collection, synchronization, and management of client data across various technology platforms. Dispatch was founded in 2022. The company is led by Rob Nance. Based in New York City, New York, United States. Team size: 11-50. Total funding raised: $30 million. Latest round: Series A. Key investors include F-Prime Capital, The Compound Capital Fund I (Ritholtz Wealth Management), Flyover Capital (affiliated with Mariner Wealth Advisors), Brewer Lane Ventures, New York Life Ventures, MassMutual Ventures, Perceptive Ventures, Fika Ventures.
- Founded
- 2022
- Headquarters
- New York City, New York, United States
- Team size
- 11-50
- Total funding
- $30 million
Value proposition
To empower financial advisors to spend more time with clients and less on manual, duplicative data management by streamlining client onboarding and ensuring data consistency across their tech stack.
Products and solutions
Data orchestration platform, Automated client onboarding, Instant account opening, Continuous data synchronization, Advisor Transitions, Dispatch API for embedded custodian account opening
Unique value
Dispatch positions itself as the foundational data integration layer for the wealth management industry, acting as the connective tissue between disparate systems rather than being another standalone tool.
Target customer
Financial advisors, registered investment advisors (RIAs), and wealth management firms.
Industries served
Financial Services, Wealth Management
Technology advantage
The core advantage lies in their data orchestration technology, which provides robust, two-way data syncing across a wide range of financial planning tools, CRMs, and custodians. This eliminates manual data entry, reduces errors, and creates a single source of truth for client data.
How they differentiate
Dispatch focuses on being a data orchestration and integration layer for financial advisors, automating the process of syncing client data across various technology stacks. This contrasts with competitors that offer more general AI assistant features for tasks like note-taking and email automation.
Main competitors
Jump, Zocks, TIFIN
Key partnerships
Charles Schwab Advisor Services, Fidelity, Pershing, Jump, Wealthbox
Notable customers
Ritholtz Wealth Management, Mariner Wealth Advisors, Hightower Advisors (Hightower Signature Wealth)
Major milestones
Raised $18 million in Series A funding, Rebranded from OneAdvisory to Dispatch, Raised $8 million in seed funding, Launched Advisor Transitions software
Growth metrics
Not publicly available
Market positioning
Dispatch is positioned as a foundational data infrastructure provider for the wealth management industry, aiming to solve the problem of data fragmentation.
Geographic focus
United States
Patents and IP
No public information available.
About Rob Nance
Co-Founder & CEO at Dispatch. Previously Head of Business Development at Addepar, an Associate at Mercer Advisors, and an Advisor at Redwood Grove Wealth Management.
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Official website: https://www.dispatch.io/