Savvy Wealth Raises $72M Series B, Surpasses $2B AUM

Savvy Wealth, a New York-based fintech company specializing in AI-powered support for financial advisors, has raised $72 million in a Series B funding round led by Industry Ventures, bringing its total capital raised to over $100 million. The round also saw participation from Vestigo Ventures, founded by former LPL Financial CEO Mark Casady, who has joined Savvy's board, along with other investors such as Euclidean Capital, Canvas Ventures, and Thrive Capital. Savvy Wealth’s digital-first platform combines AI-driven technology with a human-centered approach to enhance advisors' capabilities, enabling personalized investment management, financial planning, and more, with the goal of allowing advisors to spend more time with clients and deliver highly personalized experiences. The company recently surpassed $2 billion in assets under management, reflecting rapid growth including a 500% increase in AUM since early 2024. The new funding will accelerate core technology development, AI capabilities for predictive, real-time client insights, and recruitment of independent advisors to its affiliated RIA, Savvy Advisors. CEO Ritik Malhotra emphasized that AI is amplifying advisors’ abilities rather than replacing them, embedding AI into their CRM and tech stack to strengthen human relationships and meet the evolving demands of wealth management.