Range is an AI-driven registered investment advisor that combines human advisors with its proprietary AI wealth manager, Rai, to deliver sophisticated financial planning at lower cost. The platform currently manages $400 million in assets under management and has $9.5 billion in assets under advisement, serving more than 5,000 high-net-worth clients nationwide. Range reports 300 percent year-over-year revenue growth, positioning it among the fastest-growing RIAs in the U.S. Rai already answers thousands of complex client questions each month and has cut advisor message volume in half, and the company is developing additional AI agents focused on compliance, tax optimization, and investment strategy. Near-term plans include expanding into broker-dealer services to widen investment product access and growing its physical presence on the West Coast while accelerating hiring across AI, product, and go-to-market roles. By targeting households historically priced out of traditional advisory models, Range aims to democratize institutional-grade wealth management. The firm also added notable board advisors Haroon Mokhtarzada (Rocket Money) and Alex Niehenke (Scale Venture Partners) to guide its next growth phase.

Total raised

$100M

Funding rounds

3

Latest round

Series C

Latest activity

Dec 2025