Savvy Wealth is a fintech-driven wealth management firm headquartered in New York City. Founded in 2021 by Ritik Malhotra and Muller Zhang, the company specializes in developing advanced software solutions to enhance the efficiency of traditional wealth management services. Since its inception, Savvy Wealth has raised over $33 million in venture funding, which includes a significant $26.5 million Series A funding round. The firm's innovative technology approach enables wealth managers to provide personalized financial advice without the need for additional personnel.
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | New York City, NY, USA |
| Founders | Ritik Malhotra, Muller Zhang |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Index Ventures, Thrive Capital, Canvas Ventures |
| Industry | Financial Technology (FinTech) |
| Number of Employees | Not publicly disclosed |
Savvy Wealth was founded in 2021 by Ritik Malhotra and Muller Zhang, who capitalized on their experience in technology startups to redefine wealth management. The firm quickly garnered attention in the fintech community by offering a technology platform that integrates digital workflows with personalized financial advisory services. Initially bootstrapped, Savvy secured $7 million in seed funding from notable investors such as Index Ventures and Thrive Capital in February 2022. This early capital enabled Savvy to develop its core software and onboard experienced wealth managers, laying the groundwork for a scalable wealth management system that leverages efficiencies to benefit both advisors and clients.
Savvy Wealth maintains a novel business model that combines financial expertise with cutting-edge technology to serve wealth managers and their clients. Their key achievements include:
Savvy Wealth operates primarily through its advanced digital advisory platform, focusing on optimizing the wealth management experience. Its proprietary technology allows wealth managers to customize financial plans for each client, integrating asset management, tax planning, and estate planning into a seamless service offering. As of 2024, Savvy continues to expand its base of financial advisors and client AUM, signaling strong market traction. Its competitive advantages include a robust technology platform that reduces administrative overhead, which in turn fosters more effective client-advisor relationships (Business Wire).
Savvy Wealth stands out in the wealth management industry by its innovative application of technology to traditional financial advisory services. The firm’s achievements over a few short years showcase its potential to further impact the wealth management landscape. As it continues to draw in seasoned financial advisors and expands its comprehensive tech platform, Savvy Wealth is poised to maintain a leadership position in applying artificial intelligence and automation in wealth management. With ongoing support from influential investors and a clear path toward technological integration, Savvy Wealth is set to drive future trends in the financial advisory sector.