How Vise Hit $22B in Platform Assets, Reshaping The $83T Wealth Industry

Samir Vasavada joins Molly O'Shea on Sourcery to share how he and his co-founder Runik Mehrotra launched Vise as teenagers and scaled it to over $22 billion in platform assets with their leanest team ever: just about 40 people. After a record-breaking Q2 and 1275% YoY growth, Vise is leading the shift to Wealth 3.0 with personalized, automated portfolios that go beyond mutual funds and ETFs.Backed with $130 million in funding at a $1B valuation from Sequoia Capital, Founders Fund, and Allen & Co, Vise uses AI to help advisors build, manage, and explain portfolios across nearly every asset class and client type.Since recording this episode Vise has grown from $15B to $22B platform assets in just a few months.In this episode, Samir breaks down:• Bootstrapping Vise at 16: From seed to unicorn in 18 months• Raising $130M from investors like Sequoia, Founders Fund, + Allen & Co• How Vise saves clients $60M+ in taxes• What tech billionaires actually do with their equity• The $10T RIA opportunity—& why the legacy wealth stack is broken• Retail demand for private credit, real estate, & alternative assets• Global wealth shifts from London to Dubai, Milan, & Southeast Asia• Why scaling back from 150+ employees to 40 made the company stronger“There needs to be one platform that is functionally the platform that powers the global multi-trillion dollar asset management industry. And it will be Vise”Molly on X: https://x.com/MollySOSheaSamir on X: https://x.com/samir_vasavadaVisit Vise: https://vise.comBrought to you by:• Brex—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, and travel.As a Sourcery subscriber you get: 75,000 points after spending $3,000 on Brex card(s), white-glove onboarding, $5,000 in AWS credits, $2,500 in OpenAI credits, & access to $180k+ in SaaS discounts. On top of $500 toward Brex travel, $300 in cashback, plus exclusive perks (like billboards..) Visit: brex.com/sourcery• Turing—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables enterprises to turn those models into powerful, production-ready systems. Visit: turing.com/sourcery• Kalshi—The largest prediction market and the only legal platform in the US where people can trade directly on the outcomes of future events: kalshi.com/sourcery• Fourthwall—The #1 way to sell merch online — Fourthwall is the easiest way to launch a fully branded merch store—used by big brands like MKBHD, Acquired, & even the Smithsonian. 100+ products. No upfront cost. Visit Fourthwall to start today: https://fourthwall.com/Follow Sourcery for the latest updates!https://www.sourcery.vc/Chapters: (00:00) $83T Market → Vise Hits $22B platform assets, 1275% YoY Growth(01:30) Founding Vise at 16 & Becoming a Unicorn in 18 Months(03:04) Pivoting to $10T Enterprise RIA Market(05:28) Lean 40-Person Team → Fastest Growth Ever(06:23) What Vise Actually Does(10:23) State of Retail Market: $83T in wealth, $2T+ in Access to Alts(22:45) $63M+ Saved via Daily Tax-Loss Harvesting(24:38) Servicing Clients from $200 to $150M Accounts(30:45) Why Zuckerberg & Elon Take “$0 Salaries”(32:42) Billionaire Playbook: Financing Homes & Jets via Stock Loans(39:21) Scaled to 150 Employees to “Refounding” with 40 “Barrels” (Keith Rabois Strategy)(43:20) Vision: World’s Biggest Tech-Powered Asset Manager