AI-Native Wealth Manager Arca Raises $64M

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Rron Rexha, a erstwhile merchandise person astatine Plaid, has travel retired of stealth mode with his caller company, Arca, an artificial intelligence-native wealthiness absorption firm, and raised $64 cardinal successful funding.

That includes a $15.5 cardinal effect circular led by Venrock and a $48.5 cardinal Series A circular led by General Catalyst, with information from Index Ventures and Venrock.

Arca has added Bill McNabb, the erstwhile president and CEO astatine Vanguard, Jason Wenk, CEO of Altruist, writer Morgan Housel, Peter Crawford, the erstwhile main fiscal serviceman astatine Schwab, Alex Tran and Nat Levy-Westhead astatine General Catalyst, and Nick Beim astatine Venrock arsenic committee members and advisors.

According to Arca's Form ADV, the RIA was seeded done Granite Bay Wealth Management, a Portsmouth, N.H.-based steadfast founded by Joseph Skees and Paul Stanley successful 2015. They were with Wells Fargo Advisors Financial Network anterior to launching the firm.

In May 2026, Arca acquired Sandbox Financial Partners, a Bethesda, Md.-based RIA with astir $682 cardinal successful AUM.

Arca present has implicit $1 cardinal successful lawsuit assets and 28 employees crossed wealthiness absorption operations, merchandise and engineering. The steadfast expects to usage the backing to turn its lawsuit base, enlistee advisors and make the level and brand.

Arca volition usage Schwab, Fidelity and Altruist for custody.

According to an announcement, Arca aims to supply high-touch advisory services, and volition usage an AI infrastructure to grip the manual, repetitive enactment of an advisor.

"Rron understands that AI tin assistance powerfulness the mechanics down wealthiness management—but the fiscal advisor is yet the driving engine," McNabb said successful a statement. "The relation of the advisor is paramount, and it's what creates real, long-lasting impact. AI tin assistance america bash our jobs better, but it volition ne'er supplant the humanity of this profoundly idiosyncratic profession."

"People instrumentality immense pridefulness successful what they gain and merit to consciousness financially secure," Wenk said successful a statement. "Rron is 1 of those uncommon innovators that not lone intuitively grasps this world but besides boldly addresses this symptom constituent head-on done his efforts astatine Arca. He's gathering thing singular that positions advisors to beryllium steps ahead, connection the champion imaginable fiscal advice, and marque their clients consciousness genuinely taken attraction of—all portion quieting the operational sound by leveraging the latest advancements successful AI."