Savvy Wealth lands $100M Series C to scale AI platform for independent advisors
What's the deal? Savvy Wealth, an AI-native registered investment adviser, has raised $100 million in an oversubscribed Series C led by Halo Fund. The round brings the New York firm's total funding to more than $200 million.
Who's backing it? Halo Fund, the growth-stage firm co-founded by Qualtrics founder Ryan Smith and longtime Accel partner Ryan Sweeney, led the round. Existing investors Thrive Capital, Industry Ventures from Goldman SachsDealroom has a profile for this one. Try Dealroom →, Canvas Prime, Index Ventures, The House FundDealroom has a profile for this one. Try Dealroom →, Euclidean CapitalDealroom has a profile for this one. Try Dealroom →, Alumni Ventures, and Vestigo VenturesDealroom has a profile for this one. Try Dealroom → also participated.
By the numbers: Savvy is on pace to exceed $100 million in annual recurring revenue this year, up from $10 million in January 2025. It now oversees $9 billion in client assets under management, more than four times its level a year ago, and supports over 150 advisors nationwide.
What's the endgame? Savvy pitches independent advisors an alternative to selling out to private equity-backed aggregators. Its model lets them keep their brands, client relationships, and equity while tapping a shared technology and services platform.
At the center sits Savvy IntelligenceDealroom has a profile for this one. Try Dealroom →, an AI operating environment running agents for each advisor on a unified data layer spanning CRM, investments, tax, and planning. It is supported by centralised investment management, plus in-house compliance and marketing. Savvy says advisors on its platform grow organically at roughly three times the industry average.
Where the money goes: The capital will fund three priorities — extending Savvy Intelligence deeper into advisors' daily workflows, expanding the ecosystem of services on offer, and recruiting more technical talent.
Why the interest? "Wealth management is a $14 trillion market, and the technology underneath it hasn't meaningfully changed in decades," Smith said, comparing Savvy's opportunity to the modernisation Robinhood brought retail brokerage. Founder and chief executive officer Ritik Malhotra framed the raise as a rebuttal to industry consolidation: "Advisors are being told they have to give up their independence to scale."
Savvy was ranked No. 1 in financial services and No. 11 overall on the 2026 Inc. 5000 list, based on three-year revenue growth of 13,086%.
The signal: At $100 million, this Series C sits in the top 10% of comparable US rounds in its industry, all-time. The scale reflects investor appetite for AI applied to the operating layer behind financial advice — augmenting advisors rather than replacing them.
Read more: citybiz.co, savvywealth.com, businesswire.com
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