Savvy Wealth – a digital-first platform for financial advisors centered around modernizing human financial advice, announced the closing of a $72 million Series B funding round, led by Industry Ventures. The funding round attracted new investors Vestigo Ventures (a venture capital firm founded by former LPL Financial CEO and Chairman Mark Casady, who joins Savvy’s Board of Directors) and Euclidean Capital. Existing investors Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures and former Focus Financial executive Vamsi Yadlapati also participated. This latest funding round brings Savvy to over $100 million in total funding.
How the funding will be used: Savvy will utilize 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 (RIA), Savvy Advisors. And the firm will also accelerate the development of artificial intelligence (AI) solutions to build personalized knowledge bases on each client, providing predictive, real-time intelligence tailored to individual financial profiles and needs.
Momentum: This funding round comes during a banner year for Savvy, marked by exponential growth and the onboarding of top advisors, advisory teams and executive talent. And the firm has added nearly $500 million thus far in 2025, with assets under management growing 500% since the beginning of 2024. Plus, it bolstered the leadership team with the additions of Eric Hurkman as Chief Technology Officer (formerly the founding CTO of Carta, valued at $7.4 billion), David Weiner as Chief Growth Officer (formerly Head of Growth at Compass, valued at $4 billion) and Lisandra Wilmott as Head of Legal & Compliance (formerly General Counsel of $200 billion AUM multi-family office Pathstone).
Momentum: Recently surpassing $2 billion in assets under management, Savvy continues to build upon the sophistication of its offering, which includes solutions designed to meet the complex needs of high-net-worth investors. And the 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. As Savvy expands its client base, it plans to evolve into a modern wealth management platform that offers more premium services to vertically integrate all of an individual or family’s financial needs. T
KEY QUOTES:
“Throughout my decades in the industry, I’ve come to realize the power of building a firm around the needs of advisors—and how transformational that model can be at scale. I’m looking forward to working alongside the leadership team at Savvy, applying my learnings to further advance the firm’s tech-forward, human-led approach. Savvy is driven by a deep commitment to helping advisors deliver better, personalized, more impactful advice, which is why I believe the firm is already a defining leader in the future of wealth management.”
Mark Casady
“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
“The growing tailwinds for digital transformation and generative AI, paired with Ritik’s experience and grit as a technology entrepreneur, is a perfect fit for our mandate at Industry Ventures. We believe that Savvy’s purpose-built technology, vision to supercharge advisor productivity and talented leadership team will forge the future of wealth management.”
Brian Langner, Managing Director at Industry Ventures
