Savvy Wealth opens its custodial platform to outdoors RIAs
Savvy Wealth CEO Ritik Malhotra.
The AI-native RIA is pitching 90-second shopper onboarding to impartial companies weeks after touchdown $100 million Series C.
Savvy Wealth is taking the account-opening know-how it constructed for its personal advisors and providing it to impartial RIAs who aren’t planning to hitch the agency.
The New York-based, AI-native RIA on Wednesday launched Savvy Custodial Platform, which it says lets impartial RIAs onboard purchasers in as little as 90 seconds and transfer property in just a few clicks.
The rollout comes two weeks after Savvy closed a $100 million Series C spherical. It places the startup in a crowded race to repair one of the vital high-pressure sides of working an impartial observe: getting a brand new shopper’s account opened and funded.
Before, the instruments have been out there solely to advisors registered below Savvy’s personal RIA. The new providing is aimed toward agency house owners who need to hold their very own Form ADV, the registration doc advisors file with the Securities and Exchange Commission, and run their very own operations.
Savvy is pitching its newly opened providing as the subsequent step in advisor independence. The firm argues that RIA house owners who management their companies and financial backing selections typically nonetheless rely on custodial programs designed many years in the past, with paper types, account openings that take a number of days and repair queues.
“For an RIA proprietor, independence should not cease at proudly owning their very own agency. It ought to lengthen to each account, each relationship, and each selection they make for these they serve. That’s what Savvy’s Custodial Platform is constructed to guard,” mentioned Ritik Malhotra, Savvy’s founder and chief govt.
Malhotra mentioned the design drew on what the corporate discovered supporting advisors by itself platform. “We did not work from a guidelines of legacy conventions. The progress of our RIA channel over the previous few years has given us a entrance row seat to what advisors really have to run a best-in-class observe,” he mentioned.
Savvy Wealth’s custodial platform launch locations it in a rising subject of suppliers peddling options to the onboarding drawback, together with incumbent gamers like Orion, in addition to newer payment innovation gamers like Feathery and Dispatch.
The launch additionally follows Savvy’s $100 million Series C round led by Halo Fund earlier this month. That spherical, which valued Savvy at $600 million, introduced its whole funding to greater than $200 million.
From its inception in 2021, Savvy has grown to incorporate $9 billion in shopper property in its platform, greater than 4 instances what it had in 2025. It helps greater than 150 advisors, double the quantity a yr in the past. The firm now expects to exceed $100 million in annual recurring proceeds this yr and says it has introduced in additional than $4 billion in recruited property up to now in 2026.
Savvy mentioned it should use the brand new capital for 3 issues: increasing Savvy Intelligence, its AI working system, throughout extra of the advisor’s workday; including providers for advisors; and hiring technical employees.
“The quantity of product and providers that we wished to proceed constructing and integrating into our AI platform, that checklist continues to develop,” Malhotra informed Asset placementNews on the time of the increase.
