Venture capital investment firm injects $72 million into digital wealth platform Savvy Wealth in series B round.
Savvy Wealth, a digital platform transforming financial advice, has recently secured $72 million in a Series B funding round. Led by Industry Ventures, this investment marks a significant step towards integrating artificial intelligence (AI) into the company's core technology, enhancing the capabilities of registered investment advisors (RIAs) and delivering personalised, human-centered client experiences.
The funds will be utilised to expand Savvy Wealth’s product and engineering teams, driving further innovation, particularly around AI integration and automation. This strategic move aims to automate administrative tasks for advisors, improving client interaction and investment management tools.
The integration of AI is not just about replacing human advisors, but rather about amplifying their abilities to deliver sophisticated and personalised financial advice. Ritik Malhotra, founder and CEO of Savvy Wealth, shared, "AI is amplifying advisors' ability to deliver highly personalised and deeply human client experiences."
Savvy Wealth's rapid expansion in 2025 has seen its assets under management (AUM) increase by nearly $500 million, representing a 500% growth since early 2024. This surge in AUM underscores the platform’s rising adoption and its effectiveness in supporting RIAs.
In addition to the AI development, Savvy Wealth continues to refine its offerings for high-net-worth clients, including personalised investment management, 401(k) account management, estate planning, financial planning, tax preparation, high-yield cash management, alternative investments, and insurance.
Mark Casady, founder of Vestigo Ventures and former LPL Financial CEO, will join Savvy's board of directors, while Lisandra Wilmott has been appointed as the head of legal and compliance. David Weiner has been appointed as the chief growth officer, and Eric Hurkman as the chief technology officer.
The Series B round also saw participation from Vestigo Ventures, Euclidean Capital, Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures, and former Focus Financial executive Vamsi Yadlapati. The new investment brings Savvy's total capital raised to over $100 million.
With its AI-powered tools and expanded team, Savvy Wealth is poised to continue its growth trajectory, aiming to deliver even more personalised and sophisticated financial advice to its clients. The company's future plans include leveraging AI to empower advisors with advanced, real-time data insights, scaling their technology platform, and substantially growing their assets under management.
- The funds from the Series B round will be used to expand Savvy Wealth's product and engineering teams, focusing on AI integration and automation to enhance investment management tools and automate administrative tasks for advisors.
- Ritik Malhotra, the founder and CEO of Savvy Wealth, stated that the integration of AI is not about replacing human advisors but about amplifying their abilities to deliver personalised, human-centered client experiences.
- Savvy Wealth's assets under management (AUM) have surged by nearly $500 million, representing a 500% growth since early 2024, underscoring the platform's rising adoption and effectiveness in supporting registered investment advisors (RIAs).
- In addition to the AI development, Savvy Wealth offers comprehensive wealth management services, including personalised investment management, 401(k) account management, estate planning, financial planning, tax preparation, high-yield cash management, alternative investments, and insurance.
