Savvy Wealth, an AI-native registered investment advisor for independent financial advisors, has closed a $100m Series C funding round.
The round was led by Halo Fund, the growth-stage venture firm co-founded by Qualtrics founder and Utah Jazz owner Ryan Smith alongside longtime Accel general partner Ryan Sweeney.
It was oversubscribed and saw continued backing from Thrive Capital, Industry Ventures from Goldman Sachs, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures and Vestigo Ventures, the latter founded by former LPL Financial chief executive and chairman Mark Casady. The Series C takes Savvy’s total funding raised to more than $200m.
The company frames the raise as a counterpoint to the wave of private equity-led consolidation sweeping the advisory industry, where firms have typically had to trade away ownership of their client book in exchange for institutional-grade technology and support. Savvy positions itself as proof that advisors need not choose between the two.
Savvy is tracking towards $100m in annual recurring revenue this year and was recently ranked the fastest-growing financial services firm in the US by Inc. Magazine, having posted three-year revenue growth exceeding 13,000%. Assets under management now stand at $9bn, more than four times higher than a year earlier, with over $4bn in recruited assets added in 2026 alone. The advisor base has also doubled year-on-year to more than 150 professionals nationwide.
At the centre of the platform sits Savvy Intelligence, an AI-powered operating environment that runs dedicated AI agents for each advisor across a shared data layer covering CRM, investments, tax and planning. This is supported by dedicated client servicing, centralised investment management through Savvy Wealth Investment Management, and in-house compliance and marketing functions, all designed to free up advisors’ time to focus on clients. Savvy said its advisors are growing organically at roughly three times the industry average.
Ritik Malhotra, founder and CEO of Savvy Wealth, said, “Advisors are being told they have to give up their independence to scale. We think that’s a false tradeoff, and we’ve spent the last five years proving it.”
Halo Fund co-founder Ryan Smith said, “Wealth management is a $14 trillion market, and the technology underneath it hasn’t meaningfully changed in decades. Robinhood modernized retail brokerage for a whole generation, and Savvy is doing that for financial advice by building a wealth management firm from the ground up with AI at its core.
“What makes this work is that advice is a deeply human business, and the best use of AI here isn’t to replace the advisor, it’s to make them dramatically better at serving each client personally. Ritik has built and scaled companies before, and he lived this problem firsthand, so he knows exactly what he’s building and why. That’s why we think Savvy is the firm that wins this category.”
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