Fifteen months ago, Savvy Wealth carried a private valuation of roughly $90 million. On Tuesday it announced a $100 million Series C at a $600 million valuation — a 6.6x repricing — and the number that actually explains it is not the valuation at all. It is $9 billion: the client assets Savvy now oversees, more than four times what it managed a year ago.
The round was led by Halo Fund, the growth vehicle co-founded in 2025 by Qualtrics founder and Utah Jazz owner Ryan Smith and longtime Accel general partner Ryan Sweeney. Existing backers came along: 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 Mark Casady, who sits on Savvy’s board. The company described the round as oversubscribed. It brings total funding since Savvy’s July 2021 founding past $200 million, following a $72 million Series B in July 2025, a $26.5 million Series A in August 2024, and an $11 million Series A-1 in mid-2022.
Founder and CEO Ritik Malhotra — a repeat technical founder who sold one company to Box in 2014 and another to Brex in 2019 — was blunt about why the company raised now rather than later.
“The reason we did this now versus waiting and thinking about it later was the quality of investors who wanted to put money in and the amount of conviction they had,” Malhotra told Wealth Management. “We are only limited by how much we are willing to invest into the growth of the platform and all the products and services we want to develop for the advisors.”
The operating numbers
Savvy is not a software vendor selling into RIAs. It is an RIA — Savvy Advisors — that happens to build its own stack, which makes its metrics unusually legible for a wealthtech company. The firm says it is on pace to exceed $100 million in annual recurring revenue this year. Its advisor force has doubled over the past twelve months to more than 150 nationwide. It has recruited over $4 billion in assets during 2026 alone. Savvy claims advisors on its platform grow organically at roughly three times the industry average, and it ranked No. 11 overall and No. 1 in financial services on the 2026 Inc. 5000, with reported three-year revenue growth of 13,086%.
At the center of the offering is Savvy Intelligence, an AI operating layer built on a unified data spine that spans CRM, investments, tax, and financial planning — the four systems that in most advisory practices do not talk to each other. Savvy deploys AI agents against tasks including account onboarding, ongoing financial planning, tax analysis, investment performance review, and personalized client communications, using large language models from OpenAI and Anthropic. Fidelity and Schwab are the primary custodians, and the company says the Series C will fund deeper integrations into both.
Notably, the agents are pointed at workflow, not at advice. Savvy says advisors remain responsible for every recommendation delivered to a client — a boundary that matters as much for compliance as for marketing. Chief Investment Officer Anshul Sharma has separately said he is building out what he calls institutional-quality alternative investment offerings, likely including private market access, on the platform. Malhotra said a smaller slice of the capital goes to sales and marketing to keep recruiting advisors.
What AI is actually doing to the advisor’s desk
The interesting claim in this round is not that AI will replace financial advisors. It is that AI changes the economics of the RIA rollup.
For a decade, the consolidation story in wealth management has been private-equity-backed aggregators buying independent advisory practices, paying up on multiples, and extracting value through centralized compliance, marketing, and back office. The math works because a solo advisor spends an enormous share of the day on administrative drag that a shared services layer can absorb. The price of that relief has been ownership: advisors typically give up their brand, their equity, or both.
Savvy is arguing that AI collapses the cost of the services layer far enough that the equity no longer has to change hands. “Advisors are being told they have to give up their independence to scale,” Malhotra said. The model lets advisors retain their brand, client relationships, and equity while plugging into centralized investment management, compliance, and an agentic software layer.
Smith framed the bet in market terms. “Wealth management is a $14 trillion market, and the technology underneath it hasn’t meaningfully changed in decades,” he said, comparing Savvy’s opportunity in advice to what Robinhood did to retail brokerage — while arguing AI’s job here is to expand an advisor’s capacity, not to replace human advice.
That is a genuinely different unit economics story from the PE aggregators. If a $9 billion book can be serviced by 150 advisors plus agents, the marginal cost of the next billion in assets approaches software margins rather than headcount. It is also the least-tested part of the thesis. Nothing about the current numbers proves the agents are the reason for the growth, as opposed to aggressive recruiting into a hot market and a well-capitalized balance sheet.
What to watch
Three things. First, whether the $100 million-plus ARR figure holds its shape as Savvy adds proprietary alternatives — that revenue carries different margins and different regulatory scrutiny than platform fees. Second, whether the retain-your-equity pitch survives contact with the aggregators, who have deeper pockets and can simply pay more upfront. Third, and most consequential, whether the advisors-per-billion ratio actually improves. Savvy quadrupled assets while doubling headcount, which is directionally the right slope. Sustaining it through the next $9 billion is what a $600 million mark is pricing in.
“Wealth management is a $14 trillion market, and the technology underneath it hasn't meaningfully changed in decades.”— Ryan Smith, Co-founder, Halo Fund; Founder, Qualtrics