AI-Native RIA Savvy Wealth Raises $100M Series C at $600M Valuation

Wealth management in the U.S. has spent the past few years absorbing a wave of private-equity-led consolidation. Independent advisors who wanted institutional-grade technology and support mostly had to buy it by giving up ownership of their practice. One wealthtech startup betting against that formula just raised a major round.

Savvy Wealth is an AI-native registered investment advisor (RIA) built for independent financial advisors. The platform unifies the CRM, investment management, tax and planning tools advisors would otherwise juggle across vendors into a single AI operating environment called Savvy Intelligence, wrapped in dedicated client servicing and in-house compliance and marketing support. That takes the operational load off an advisor’s desk and turns it into capacity to serve and win clients — advisors on Savvy grow organically at roughly 3x the industry average.

Savvy announced the successful close of its $100 million Series C, led by Halo Fund, the growth-stage venture firm co-founded by Qualtrics founder and Utah Jazz owner Ryan Smith and longtime Accel general partner Ryan Sweeney. The round was oversubscribed, with participation from existing investors Thrive Capital, Industry Ventures (from Goldman Sachs), Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures, the firm founded by former LPL Financial CEO and Chairman Mark Casady. The round brings Savvy’s total funding past $200 million and values the company at $600 million — a 6.6x increase in 15 months.

Savvy now oversees $9 billion in client assets under management, more than 4x its year-ago level, and has brought on more than $4 billion in recruited assets in 2026 alone. The firm now supports more than 150 advisors nationwide, having doubled its advisor base over the past year. Savvy is on pace to exceed $100 million in annual recurring revenue this year, and Inc. Magazine just named it the No. 1 Fastest-Growing Financial Services Firm in America, citing three-year revenue growth of more than 13,000%.

Founder and CEO Ritik Malhotra said advisors are being told they have to give up their independence to scale, calling that a false tradeoff his company has spent the last five years disproving.

Halo Fund’s Ryan Smith said wealth management is a $14 trillion market whose underlying technology hasn’t meaningfully changed in decades, and that just as Robinhood modernized retail brokerage for a generation, Savvy is doing the same for financial advice by building a wealth management firm from the ground up with AI at its core. He added that the best use of AI here isn’t to replace the advisor but to make them dramatically better at serving each client personally, and that Malhotra’s firsthand experience with the problem is why Halo believes Savvy will win the category.

Savvy launched in February 2022 with $7.3 million in seed funding, raised a $26.5 million Series A in August 2024 led by Canvas Prime, and a $72 million Series B in July 2025 led by Industry Ventures, before this Series C. The new capital will extend Savvy Intelligence across more of the advisor’s day, expand the ecosystem of services advisors need, and fund hiring for the platform’s technical team.

Where Savvy Sits Competitively

A handful of wealthtech players targeting independent advisors have closed large rounds of their own. Farther, an RIA founded by Google alumni, runs an “AI Analyst” that flags tax risk, cash imbalances, market exposure and life events from client data; it raised a $150 million Series D led by General Atlantic, bringing total funding to $260 million and AUM to $15 billion. Altruist, a custodial platform for RIAs, raised a $152 million Series F led by Singapore’s GIC, pushing its total funding to $290 million; it now serves more than 3,300 RIAs, trailing only Schwab and Fidelity by that measure. Where Farther focuses on advisory service itself and Altruist on custody infrastructure, Savvy operates as an “advisor operator,” directly recruiting advisors and running their CRM, compliance and marketing wholesale. Savvy’s real competition may be the private-equity-backed roll-ups buying up independent practices — the exact model Savvy is positioning itself against.