Discussion with Mark Gilbert, Co-Founder and CEO, on their AI-centered financial advisory platform
In the rapidly evolving world of financial advisory, a new player is making waves with its innovative approach to automating and streamlining client interactions. Zocks, a privacy-first AI platform, has secured over $20M in venture funding from notable investors Lightspeed Venture Partners and Motive Partners, and has seen its revenue triple in the last five months.
Founded by Mark Gilbert, a seasoned executive with a background in AI-driven technology for financial services, Zocks is on a mission to transform the way financial advisors work. With a focus on AI systems and communications, Zocks aims to accelerate tasks and support advisors in their client conversations.
The Zocks platform now offers a host of features designed to automate critical processes such as meeting preparation, note-taking, filling out forms, workflows, replying to client emails, and more. New additions include Email AI Agents, custom form-fill workflows, and an elastic integration layer for custom CRM configurations.
One of the key differentiators for Zocks is its advanced privacy and security controls, creating structured data, and offering an enterprise platform. It stands out in the market by providing a solution that can be used in highly private, secure, and compliant situations.
However, one of the challenges faced by Gilbert and the team in building Zocks was making large firms comfortable with AI, as it is a new and fast-moving area. The team has addressed this issue by ensuring that their platform does not require recording, a concern for many in the industry.
Zocks' platform also includes an "Ask Anything" AI agent for data retrieval, client profiles & intelligence over time, and enterprise dashboards and organizational controls. The total addressable market (TAM) size for Zocks is currently just over $10 billion.
Mark Gilbert, Co-Founder & CEO of Zocks, has a Bachelor of Applied Science (B.A.Sc.) with a focus in Electrical Engineering from the University of Waterloo. His expertise is evident in interviews and webinars where he discusses the integration of AI in financial advisory workflows, streamlining processes, and improving client engagement.
With its focus on AI, security, and compliance, Zocks is poised to revolutionize the financial advisory sector. As it continues to grow and evolve, it will be interesting to see how it shapes the future of this industry.
Businesses in the financial advisory sector are exploring innovative solutions to streamline their operations, and one such venture is Zocks, a privacy-first AI platform. Founded by Mark Gilbert, Zocks leverages AI technology to automate critical processes, offer advanced privacy controls, and improve client engagement. Recently, the company secured over $20M in venture funding from investors like Lightspeed Venture Partners and Motive Partners, signaling a promising future in the technology-driven finance landscape.
