Savvy Advisors, a federally registered investment advisor affiliated with Savvy Wealth, said it has added Colorado Wealth Group, a Denver-based wealth management firm with about $300 million in client assets under management. The onboarding is positioned as another step in Savvy’s push to become a destination platform for independent advisors, with the firm reporting more than 4.5x growth over the past year and more than doubling AUM over the past six months.
Colorado Wealth Group was founded in 2016 by Steven Harp and Jacob Ray, who had worked together at Northwestern Mutual. The firm became fully independent in 2020 and now serves about 350 high-net-worth clients. CWG’s offering includes fee-based multigenerational wealth management and investment management, as well as financial, retirement, estate, and insurance planning. The firm also provides in-house tax preparation and planning overseen by a dedicated CPA.
Under the partnership, Harp, Ray, Adrian Geiser, Bruce Larson, and CWG’s broader eight-person team will retain ownership of their book of business while gaining access to Savvy’s infrastructure, AI-enabled tools, operational support, and portfolio management resources. Savvy framed the combination as a way for the CWG team to offload middle- and back-office responsibilities, streamline processes, and focus on client-facing work as the business scales.
Savvy also highlighted recent additions of several other independent advisors and teams, including Chris Benda of Benda & Co Private Wealth, Michael Johnson, Mark Tassie, Dan Myers, Todd Juenger, Ryan Meda, Luis Rosa, Catalina Franco-Cicero, and Ryan Garland. The firm said the expanding roster reflects market demand for an advisor-first platform that blends independence with centralized support.
Savvy said its integrated technology stack and support model can save advisors up to 19 hours per week on middle- and back-office tasks. The firm also emphasized a transparent economic model that includes an equity program available to all advisors, full retention of book ownership, and multi-custodial flexibility, allowing advisors to choose the custodians that best fit client needs.
KEY QUOTES
“We founded CWG to offer clients a more personalized wealth management experience. As we set our sights on what was next for our business, we knew we needed a true back-office engine to support that commitment. Savvy gives us the infrastructure, investment resources and marketing expertise to focus on what we do best: understanding our clients’ financial objectives and providing solutions that meet their needs.”
Steven Harp, Founder and CEO, Colorado Wealth Group
“Before Savvy, we were doing everything ourselves—managing operations, client onboarding, technology selection—on top of running the business. Savvy has allowed us to simplify our operational workload and concentrate on what is most important, which is responsibly expanding our business and being available for the individuals, families and institutions that rely on us.”
Jacob Ray, Partner and COO, Colorado Wealth Group
“Colorado Wealth Group and our other new advisor teams embody the entrepreneurial mindset Savvy set out to support. By partnering with Savvy, they can focus on serving clients and growing their business, while leveraging the technology, resources and support needed to scale on their own terms. Our offering has resonated with the market as we have seen tremendous growth and an influx of advisors seeking to partner with us. However, we’re not slowing down, but doubling down on ensuring Savvy remains the RIA of choice for advisors seeking the right balance of independence and support.”
Ritik Malhotra, Founder and CEO, Savvy Wealth
