๐ฆ๐ฎ๐๐๐ ๐ช๐ฒ๐ฎ๐น๐๐ต ๐ฅ๐ฎ๐ถ๐๐ฒ๐ $๐ญ๐ฌ๐ฌ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐ ๐
Savvy Wealth announced on September 9 a $100 million Series C round at a $600 million valuation. The round was led by Halo Fund, the investment firm of Qualtrics founder Ryan Smith and Accel general partner Ryan Sweeney, with existing investors including Thrive Capital, Industry Ventures, Canvas Prime, Index Ventures, Vestigo Ventures, Allianz Life Ventures, and Euclidean Capital participating. The company says it is on track to reach $100 million in annual recurring revenue by year-end 2026, up from $10 million in January 2025.
Founded by chief executive Ritik Malhotra, whose prior startups were acquired by Box and Brex, Savvy operates a tech-enabled national RIA that consolidates compliance, operations, investments, billing, marketing, and technology into a single platform, replacing the 23 or more vendors a typical firm strings together. Its AI layer, Savvy Intelligence, is built to cut administrative work, and the company says advisors on the platform save roughly 19 hours per week while retaining ownership of their books and client relationships. As of July 2026 Savvy supported more than 150 advisors and $8 billion in assets under management.
Proceeds will fund further development of Savvy Intelligence, new products and services for advisors, and expansion of the advisor network. For the industry, the raise underscores how much capital is chasing the independent advisor channel, where tech-forward national platforms are competing to recruit breakaway advisors with integrated software and better economics.
MMnote: The telltale of whether this investment is worth it will be whether AUM scales at a much higher rate than advisor count
