Savvy Wealth Raises $100M to Scale Its AI-Native RIA

Every independent financial advisor eventually meets the same growth constraint: the client book can expand faster than the operating system behind it. More households bring more onboarding, planning, compliance, reporting, tax coordination, and data scattered across tools that were never designed to share a desk.

Savvy Wealth has closed an oversubscribed $100M Series C to finance a different answer. The New York company is building an AI-native registered investment adviser around independent advisors who want institutional infrastructure without giving up their books, brands, client relationships, or equity.

Halo Fund led the September 9, 2026 financing, with Thrive Capital, Industry Ventures from Goldman Sachs, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures returning. The official announcement says the round lifts Savvy above $200M in total capital. InvestmentNews and WealthManagement.com report a $600M valuation.

What Savvy Wealth Raised and Who Backed It

Halo Fund is the growth-stage investment firm co-founded by Qualtrics founder Ryan Smith and longtime Accel investor Ryan Sweeney. Its participation adds an operator-led growth investor to a syndicate that already spans large venture firms, specialist private-market investors, and executives with deep wealth-management experience.

The financing follows a completed $26.5M Series A in August 2024 and a $72M Series B led by Industry Ventures in July 2025. Savvy also launched with a $7.3M financing in 2022. Because the Series A was assembled across multiple tranches, the company's current “more than $200M” figure is the cleanest public accounting rather than a reconstructed total that could double-count an extension.

Founder and CEO Ritik Malhotra started Savvy in 2021 after previously building Streem, acquired by Box, and Elph, acquired by Brex. Historical reporting identifies Muller Zhang as Savvy's co-founder and former CTO. Savvy's current leadership page lists Eric Hurkman as CTO, Amir Har-El as COO, and Anshul Sharma as CIO.

Why the Advisor Ownership Model Matters

Savvy's financing is tied to a specific industry pressure. Independent advisors can preserve ownership and control, but the cost of assembling compliance, technology, investment management, marketing, client service, and specialized planning can cap the practice. Consolidators can provide those resources, but the transaction may also change who owns the book, brand, economics, or future exit.

Savvy is trying to separate infrastructure from surrender. Advisors who join use a shared technology and service layer while retaining ownership of their client relationships and practices. The model turns the advisor into Savvy's operating customer while the investor and household remain clients of the regulated advisory business.

That distinction is structural. Savvy Wealth, Inc. is the technology parent, while Savvy Advisors, Inc. is the SEC-registered investment adviser that delivers regulated advice. The company says its AI does not interact directly with retail clients, place trades, manage allocations, or make investment decisions. Advisors remain responsible for recommendations.

Savvy Intelligence Moves AI Behind the Advisor

Savvy Intelligence is the operating environment at the center of the platform. It connects CRM, investment, tax, financial-planning, meeting-note, and estate data so agents can prepare reports, assemble household context, analyze planning scenarios, and surface work for advisor review.

The product design matters because fragmented data is the real tax on advisor capacity. A general-purpose assistant that sees one document cannot reconstruct a household spread across custodians, plans, tax records, beneficiary designations, prior meetings, and live portfolio positions. Savvy's bet is that the unified data layer becomes more valuable as each new agent uses the same client picture.

The company says its Financial Planning Agent can compress hours of preparation into minutes and that advisors save an average of 19 hours per week across workflows. Those are company-reported outcomes, not independently audited benchmarks. They are still useful as a statement of the product's commercial promise: return expensive advisor time to advice, relationships, and practice growth.

Growth Has Raised the Operating Standard

Savvy reports more than 150 advisors overseeing $9B in client assets, with its advisor base doubling over the past year and AUM increasing more than fourfold. The firm says it recruited more than $4B in assets during 2026 and is on pace to exceed $100M in annual recurring revenue this year.

The company was also ranked No. 11 overall and No. 1 in Financial Services on the 2026 Inc. 5000, which reported 13,086% revenue growth from 2022 through 2025. Savvy's release discloses that it paid Inc.'s standard application fee. The ranking and the operating figures demonstrate momentum, while retention, margins, cohort economics, and audited revenue remain private.

Scale also changes the service obligation. A platform supporting 150 advisors cannot treat compliance, planning, investments, tax, estate work, marketing, and client service as optional accessories. Each function has to behave like shared infrastructure while remaining responsive enough that an advisor still feels independent.

What the $100M Series C Will Fund

Savvy says the Series C will extend Savvy Intelligence across more of the advisor's day, build out the surrounding service ecosystem, and recruit technical talent. Malhotra told InvestmentNews that the company expects to grow from more than 100 employees to hundreds, while continuing to expand tax and estate services into what he described as a fractional virtual family office.

The round therefore finances software and people at the same time. AI agents may reduce preparation and coordination work, but tax, estate, compliance, and investment services remain regulated or judgment-heavy functions. Savvy's economics will depend on whether automation expands advisor capacity faster than centralized service requirements expand headcount.

Halo Fund is underwriting that handoff. Savvy has to make a larger institution feel like better leverage for independent advisors rather than another owner of the relationship. As the network grows beyond $9B, the evidence will show up in advisor retention, organic growth, service quality, and whether the people who own the books still feel that ownership in the middle of a busy day.