Latest news with #SavvyWealth
Yahoo
03-07-2025
- Business
- Yahoo
Digital platform Savvy Wealth secures $72m in series B funding
Savvy Wealth, a digital platform aimed at modernising human-centric financial advice, has raised $72m in a Series B funding round led by Industry Ventures, a venture capital firm. This round also welcomed new investors, including Vestigo Ventures, founded by former LPL Financial CEO Mark Casady, who will join Savvy's board of directors, and Euclidean Capital. Existing investors such as Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures, and former Focus Financial executive Vamsi Yadlapati also participated, bringing Savvy's total capital raised to over $100m. It completed its Series A round in August 2024. Industry Ventures managing director Brian Langner said: '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.' Savvy plans to utilise the new funds to enhance its core technology, recruit top technical talent, and expand its network of independent advisors through its affiliate, Savvy Advisors. Additionally, the firm aims to accelerate the development of AI tools to create personalised client knowledge bases, delivering predictive insights tailored to individual financial needs. Savvy has added nearly $500m to its assets under management (AUM) in 2025 so far, marking a 500% increase since early 2024. The firm has also strengthened its leadership team with key appointments, including Eric Hurkman as chief technology officer, David Weiner as chief growth officer, and Lisandra Wilmott as head of legal and compliance. Savvy Wealth founder and CEO Ritik Malhotra said: '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 personalised and deeply human client experiences.' With AUM now exceeding $2bn, 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. "Digital platform Savvy Wealth secures $72m in series B funding" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
03-04-2025
- Business
- Yahoo
Savvy Expands to Over 50 Financial Advisors With Addition of Five New Professionals
Savvy surpasses $1.5 billion in AUM as its tech-forward approach to wealth management continues to resonate with top advisors NEW YORK, April 03, 2025--(BUSINESS WIRE)--Savvy Advisors Inc. ("Savvy" or "Savvy Advisors"), a federally registered investment advisor (RIA) affiliated with Savvy Wealth, Inc. ("Savvy Wealth"), today announced the addition of five experienced financial advisors, expanding its team to more than 50 financial planners and wealth managers across the country. Advisors who join Savvy gain access to Savvy Wealth's proprietary, artificial intelligence (AI)-powered technology designed to increase advisor efficiency and output, while enabling a modern client experience. Savvy recently surpassed over $1.5 billion in assets under management (AUM) and continues to attract advisors serving high-net-worth (HNW) and ultra-high-net-worth clients. Savvy Wealth's all-in-one, integrated technology offering includes Co-Pilot, an AI-powered CRM; a digital client onboarding experience for clients; a fully embedded marketing and lead generation agency; and Savvy Wealth Investment Management, a proprietary investment management solution that helps automate tax loss harvesting, rebalancing and asset allocation across public and private markets. For more information about the newest advisors to join the firm, please see below: Jack Fitzpatrick (Scottsdale, Arizona): A 23-year veteran of Morgan Stanley's foreign exchange and commodities trading team, Fitzpatrick transitioned careers to become an investment advisor in 2020. Focusing on serving business owners and executives, he specializes in financial planning strategies and tax reduction solutions for business exits. Tyson Lokke, CFP® (Reno, Nevada): Lokke joins Savvy after departing Farther earlier this year. Throughout his 12 years in the profession, he has also served as an advisor at United Capital and Goldman Sachs Personal Financial Management. In his practice, Lokke specializes in serving business owners and PGA professionals, with a focus on converting complex financial data into clear, interactive visual experiences. Aaron Peloquin, CPA, CFP® (Plymouth, Minnesota): A consultant turned financial advisor, Peloquin uses his unique experience in risk management to serve his client base of retirees, small business owners, and HNW individuals, helping them implement tax planning strategies to navigate the complexities of heirs inheriting assets. Jared Tanimoto, CFP® (Irvine, California): A founding member of the Investopedia Advisor Council and a former InvestmentNews 40 Under 40 Honoree, Tanimoto has established a strong reputation in the financial advice industry. In his practice, Sedai Wealth Partners, LLC, Tanimoto specializes in equity compensation strategies for tech employees, tax planning for small business owners and cryptocurrency integration in portfolios. Dustin Thomas, CPA, CFP® (Indianapolis, Indiana): Thomas joins Savvy after spending over six years at Valeo Financial Advisors, where he established a practice serving HNW individuals. With over 24 years of experience in the financial services industry, Thomas leverages his tax planning experience to better inform clients' financial plans. "As more advisors join Savvy, it further demonstrates that our belief in tech-forward, digital-first human financial advice is the way of the future," said David Weiner, chief growth officer at Savvy Wealth. "We're honored that Jack, Tyson, Aaron, Jared and Dustin chose Savvy as their next home. As we continue to build and scale the Savvy Wealth platform, it's important that our advisors shape the direction of our offering to ensure we are continuing to meet the changing needs of the investors of today and tomorrow." As Savvy continues to onboard advisors and Savvy Wealth enhances its technology under the leadership of new chief technology officer Eric Hurkman, the firm is looking to meet more interested advisors. For more information, please visit About Savvy Savvy Wealth is a digital-first, multi-custodial technology platform for financial advisors centered around modernizing human-generated financial advice. Wealth managers who partner with Savvy Advisors leverage its intentionally built, integrated technology platform to help supercharge organic growth with enhanced software, and sales and marketing automation. Savvy Wealth's proprietary technology empowers wealth managers to scale revenue faster and spend more time focused on growth. Follow Savvy on LinkedIn to stay up to date on the latest company news and updates. Savvy does not provide compensation for advisor endorsements; however, endorsements represent a conflict of interest as advisors may indirectly benefit from the endorsement they have provided. Savvy Wealth, Inc. is a tech company and the parent company of Savvy Advisors, Inc. All advisory services are offered through Savvy Advisors, Inc., an investment advisor registered with the Securities and Exchange Commission ("SEC"). AI used on Savvy Wealth's advisor platform is not intended to replace human advice, nor does the AI provide client-facing investment advice or make investment decisions. View source version on Contacts Media Contact: StreetCred PRsavvy@ Will Ruben847-208-8289william@ Justin Pirigyi619-316-9195justin@
Associated Press
03-04-2025
- Business
- Associated Press
Savvy Expands to Over 50 Financial Advisors With Addition of Five New Professionals
Savvy Advisors Inc. ('Savvy' or 'Savvy Advisors'), a federally registered investment advisor (RIA) affiliated with Savvy Wealth, Inc. ('Savvy Wealth'), today announced the addition of five experienced financial advisors, expanding its team to more than 50 financial planners and wealth managers across the country. Advisors who join Savvy gain access to Savvy Wealth's proprietary, artificial intelligence (AI)-powered technology designed to increase advisor efficiency and output, while enabling a modern client experience. Savvy recently surpassed over $1.5 billion in assets under management (AUM) and continues to attract advisors serving high-net-worth (HNW) and ultra-high-net-worth clients. Savvy Wealth's all-in-one, integrated technology offering includes Co-Pilot, an AI-powered CRM; a digital client onboarding experience for clients; a fully embedded marketing and lead generation agency; and Savvy Wealth Investment Management, a proprietary investment management solution that helps automate tax loss harvesting, rebalancing and asset allocation across public and private markets. For more information about the newest advisors to join the firm, please see below: Jack Fitzpatrick (Scottsdale, Arizona): A 23-year veteran of Morgan Stanley's foreign exchange and commodities trading team, Fitzpatrick transitioned careers to become an investment advisor in 2020. Focusing on serving business owners and executives, he specializes in financial planning strategies and tax reduction solutions for business exits. Tyson Lokke, CFP® (Reno, Nevada) : Lokke joins Savvy after departing Farther earlier this year. Throughout his 12 years in the profession, he has also served as an advisor at United Capital and Goldman Sachs Personal Financial Management. In his practice, Lokke specializes in serving business owners and PGA professionals, with a focus on converting complex financial data into clear, interactive visual experiences. Aaron Peloquin, CPA, CFP® (Plymouth, Minnesota): A consultant turned financial advisor, Peloquin uses his unique experience in risk management to serve his client base of retirees, small business owners, and HNW individuals, helping them implement tax planning strategies to navigate the complexities of heirs inheriting assets. Jared Tanimoto, CFP® (Irvine, California): A founding member of the Investopedia Advisor Council and a former InvestmentNews 40 Under 40 Honoree, Tanimoto has established a strong reputation in the financial advice industry. In his practice, Sedai Wealth Partners, LLC, Tanimoto specializes in equity compensation strategies for tech employees, tax planning for small business owners and cryptocurrency integration in portfolios. Dustin Thomas, CPA, CFP® (Indianapolis, Indiana): Thomas joins Savvy after spending over six years at Valeo Financial Advisors, where he established a practice serving HNW individuals. With over 24 years of experience in the financial services industry, Thomas leverages his tax planning experience to better inform clients' financial plans. 'As more advisors join Savvy, it further demonstrates that our belief in tech-forward, digital-first human financial advice is the way of the future,' said David Weiner, chief growth officer at Savvy Wealth. 'We're honored that Jack, Tyson, Aaron, Jared and Dustin chose Savvy as their next home. As we continue to build and scale the Savvy Wealth platform, it's important that our advisors shape the direction of our offering to ensure we are continuing to meet the changing needs of the investors of today and tomorrow.' As Savvy continues to onboard advisors and Savvy Wealth enhances its technology under the leadership of new chief technology officer Eric Hurkman, the firm is looking to meet more interested advisors. For more information, please visit About Savvy Savvy Wealth is a digital-first, multi-custodial technology platform for financial advisors centered around modernizing human-generated financial advice. Wealth managers who partner with Savvy Advisors leverage its intentionally built, integrated technology platform to help supercharge organic growth with enhanced software, and sales and marketing automation. Savvy Wealth's proprietary technology empowers wealth managers to scale revenue faster and spend more time focused on growth. Follow Savvy on LinkedIn to stay up to date on the latest company news and updates. Savvy does not provide compensation for advisor endorsements; however, endorsements represent a conflict of interest as advisors may indirectly benefit from the endorsement they have provided. Savvy Wealth, Inc. is a tech company and the parent company of Savvy Advisors, Inc. All advisory services are offered through Savvy Advisors, Inc., an investment advisor registered with the Securities and Exchange Commission ('SEC'). AI used on Savvy Wealth's advisor platform is not intended to replace human advice, nor does the AI provide client-facing investment advice or make investment decisions. StreetCred PR [email protected] Ruben 847-208-8289 [email protected] Pirigyi 619-316-9195 [email protected] SOURCE: Savvy Wealth, Inc. Copyright Business Wire 2025. PUB: 04/03/2025 09:08 AM/DISC: 04/03/2025 09:08 AM
Yahoo
26-02-2025
- Business
- Yahoo
Savvy Wealth Appoints Former Carta Fintech Software Leader Eric Hurkman as Chief Technology Officer
New technology chief will build out product and engineering teams, drive product innovation within the Savvy Wealth platform NEW YORK, February 26, 2025--(BUSINESS WIRE)--Savvy Wealth Inc., a digital-first platform for financial advisors centered around modernizing human financial advice, today welcomes Eric Hurkman as its first chief technology officer (CTO). Hurkman joins Savvy Wealth to lead the continued evolution of its artificial intelligence (AI)-powered technology platform, which powers the growth of independent advisors and advisory teams and helps them serve the comprehensive needs of high-net-worth clients. As Savvy Wealth's national affiliate registered investment advisor (RIA), Savvy Advisors (Savvy) has grown its team to over 40 financial advisors. Hurkman will be responsible for driving product innovation within the Savvy Wealth platform, supporting its growth and scalability, and improving the user experience for Savvy's advisors and their clients. Over the next 12 to 18 months, Hurkman will also lead the expansion of Savvy Wealth's product development, design, engineering and AI teams. "Savvy Wealth has already built a sustainable and powerful technology platform that enables advisors to spend more time serving clients and growing their business—and less time toggling between several disparate solutions," said Hurkman. "At this pivotal juncture in Savvy Wealth's growth trajectory, I'm enthusiastic about the opportunity to unlock greater efficiency and scalability and build solutions that empower our advisors and advisory teams to deliver a more modern, tech-driven client experience." Hurkman is a career software engineer with over a dozen years' experience building and leading engineering teams and developing software in the fintech industry. Most recently, he spent over four years as a vice president of engineering at Carta, where he led the development of its venture capital solutions. Hurkman had previously joined Carta early on, where he built out its equity management and investor services platforms and engineering teams. His prior experience includes CTO at Say Technologies, a financial services platform acquired by Robinhood, and DrChrono, an electronic health records platform for doctors. He also served as vice president of engineering at Maven Clinic, a women's and family health company. "Eric is a proven technology leader with a track record of assembling technology teams and designing solutions that drive growth, scale and customer loyalty across industries," said Ritik Malhotra, founder and CEO of Savvy Wealth. "His expertise will undoubtedly be instrumental in our efforts to revolutionize tech-forward wealth management. I look forward to working alongside Eric and the rest of our leadership team to achieve our bold vision for the future of the industry and reach new growth milestones." Savvy Wealth has already proven to be prolific in building technology that reduces advisors' time spent on non-revenue-generating middle and back-office tasks. Its all-in-one, integrated technology offering includes Co-Pilot (an AI-powered CRM), a digital client onboarding solution, a fully embedded marketing and lead generation agency, and Savvy Wealth Investment Management, a proprietary investment management solution that helps automate tax-loss harvesting, rebalancing and asset allocation. Last year, the company launched several platform innovations designed to streamline advisors' workflows and enhance client engagement, including the Savvy Wealth iOS App. The new mobile app meets clients where they are, providing a real-time look into their portfolios, enabling them to track their net worth and view the progress of their financial plans from their device of choice. Earlier this month, Savvy Wealth appointed David Weiner as chief growth officer to lead its recruitment of independent advisors and advisory teams to Savvy Advisors. With the additions of Weiner and Hurkman, Savvy Wealth continues to build out a C-suite of accomplished leaders. Product and engineering professionals who are interested in joining the Savvy Wealth team can visit to learn more about open roles. About Savvy Savvy Wealth is a digital-first, multi-custodial technology platform for financial advisors centered around modernizing human-generated financial advice. Wealth managers who partner with Savvy Advisors leverage its intentionally built, integrated technology platform to help supercharge organic growth with enhanced software, and sales and marketing automation. Savvy Wealth's proprietary technology empowers wealth managers to scale revenue faster and spend more time focused on growth. Follow Savvy on LinkedIn to stay up to date on the latest company news and updates. Savvy does not provide compensation for advisor endorsements; however, endorsements represent a conflict of interest as advisors may indirectly benefit from the endorsement they have provided. Savvy Wealth, Inc. is a tech company and the parent company of Savvy Advisors, Inc. All advisory services are offered through Savvy Advisors, Inc., an investment advisor registered with the Securities and Exchange Commission (SEC). AI used on Savvy Wealth's advisor platform is not intended to replace human advice, nor does the AI provide client-facing investment advice or make investment decisions. View source version on Contacts Media Contact: StreetCred PRsavvy@ Will Ruben847-208-8289william@ Mercedes Barba909-973-3250mercedes@
