NEW YORK, July 8, 2025 — Savvy Wealth, a tech-driven wealth management platform, has raised $72 million in Series B funding to scale its network of financial advisors and accelerate the integration of AI-powered planning tools.
The round was co-led by existing backers The D. E. Shaw Group and Index Ventures, with participation from new strategic investors. The latest capital brings Savvy’s total funding to over $115 million since launch.
Modernizing Wealth Management
Savvy Wealth operates a hybrid model that combines human financial advisors with a proprietary digital platform, enabling real-time portfolio management, planning, and client collaboration.
With this round, the company plans to:
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Consolidate and onboard independent financial advisors through strategic acquisitions
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Build AI-powered tools to automate planning workflows and improve client personalization
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Expand its product suite to include advanced tax, estate, and retirement planning modules
“Our goal is to modernize the advisory profession—equipping top advisors with the technology they need to grow, while preserving the human touch clients trust,” said Savvy CEO Ritik Malhotra in a statement.
Competitive Landscape
Savvy Wealth joins a growing field of fintech platforms aiming to digitally transform financial advice, alongside players like Altruist, Facet, and Wealthfront. However, Savvy distinguishes itself by focusing on advisor-led practices rather than fully automated robo-advisory models.
The firm's focus on AI augmentation, not replacement, appeals to advisors looking to enhance efficiency while maintaining high-touch service.
Outlook
With a rising number of advisors seeking alternatives to legacy broker-dealer platforms, Savvy is betting that technology-enabled independence will continue to attract both clients and advisory talent.
The company currently operates in 15 U.S. states and plans to grow nationally by 2026.