Savvy Wealth Raises $72M Series B to Expand Tech-Enabled RIA Platform

A large funding round from Savvy Wealth, the all-in-one RIA platform, was announced earlier this week. Savvy Wealth not only raised a whopping $72million Series B round, but they did so with new strategic and venture money. Existing investors appear to have all participated as well. 

Savvy Wealth combines proprietary advisor technology with in-house investment management, compliance, and operational support. They recruit advisors onto their platform, enabling them to serve clients efficiently through an integrated digital experience while handling the back-office complexities for them. 

This recent raise brings their total equity funding to $106 million. They’ll utilize the new funds to enhance their AI-driven advisor platform, expand the team, and accelerate advisor recruitment as they continue building out their tech-enabled wealth management offering. Notably, this raise comes less than a year after their last round in August 2024, highlighting strong momentum and investor confidence in their growth strategy. 

Interestingly, we see Vestigo Ventures and Euclidean Capital backing a new company, while many investors are sticking to existing investments to back their winners. Vestigo comes on as a strategic investor, bringing former LPL CEO, Mark Casady, onto the board. Additionally, Savvy bolstered its leadership team with the additions of Eric Hurkman as Chief Technology Officer (formerly founding CTO of Carta, valued at $7.4 billion), David Weiner as Chief Growth Officer (formerly Head of Growth at Compass, valued at $4 billion), and Lisandra Wilmott as Head of Legal & Compliance (formerly General Counsel of $200 billion AUM multi-family office Pathstone). 

This raise highlights how investors continue to bet on platforms that combine technology with full-service support to attract advisors. With fresh capital and new leadership, Savvy Wealth is positioning itself to compete aggressively in an increasingly crowded RIA platform market. It’ll be worth watching how quickly they can translate this funding into advisor growth and market share gains.