Savvy Wealth raises $72 million

Wealth management startup Savvy Wealth announced $72 million in Series B funding led by Industry Ventures, with participation from Vestigo Ventures, Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures and former Focus Financial executive Vamsi Yadlapati. This latest raise brings Savvy to over $100 million in total funding.

Founded in 2021, the NY-based startup offers solutions for clients and advisors and it recently surpassed $2 billion in assets under management. Current solutions include personalized investment management with direct indexed portfolios, 401(k) account management, estate plan modeling, financial planning, tax preparation and filing, high-yield cash management, alternative investments, insurance and more.

Savvy will use the funding to accelerate its core technology offering, hire top technical talent and expand recruitment of independent advisors and advisory teams to its affiliate registered investment advisor, Savvy Advisors. The firm will also accelerate the development of artificial intelligence solutions to build personalized knowledge bases on each client, providing predictive, real-time intelligence tailored to individual financial profiles and needs.

“AI is disrupting financial advice, but not in the way that many have predicted. Rather than replacing advisors, it’s amplifying their ability to deliver highly personalized and deeply human client experiences. At Savvy, we’re embedding AI inside the core of our CRM and advisor-facing tech stack to ‘10x’ their capabilities – unlocking predictive, real-time insights that strengthen human relationships. As modern advisors continue to choose independence, Savvy’s boutique culture, cutting-edge technology and full-service platform offers them a welcome home where their voice matters.” – Ritik Malhotra, Founder and CEO of Savvy Wealth.