Savant Capital takes its advice online

MAY 12, 2013
Savant Capital Management Inc. is offering technology-savvy investors an online version of the comprehensive investment advice that its financial advisers provide to clients who come into one of its offices. The Rockford, Ill., firm will charge eSavant customers with smaller asset levels less than what they would pay for traditional service. Those who bring $50,000 to $500,000 in assets will be charged 1%, compared with the 1.5% charged to traditional clients with this size account. Clients bringing at least $500,000 to eSavant will be charged the same 1% on assets — equivalent to what they pay for the traditional approach. “We are confident clients will get the same results and quality of experience,” Savant chief executive Brent Brodeski said. “It's a robust integration of investment management, and comprehensive financial planning and tax advice.” Savant is making three of its 30 advisers available to new clients of eSavant, and each new client will be assigned to a specific adviser based on whether he or she is bringing $1 million or more in assets to the firm, $500,000 million to $1 million, or less than $500,000, Mr. Brodeski said. The model will be ideal for clients who want to conduct business online only and those who live in an area without access to experienced, comprehensive advisers, he said.

ANY LOCATION

The three eSavant advisers are certified financial planners, and they will communicate with clients via e-mail, phone and video chat. “The client can be anywhere and the adviser can be anywhere,” Mr. Brodeski said. “The idea is to provide full-blown adviser relationships to remote markets.” eSavant has its own web interface and software, and the processes are different than for traditional clients, but the investment products are the same and the results comparable, Mr. Brodeski said. eSavant clients must be comfortable with technology, he said. Last year, Savant bought InvestSimply LLC, an Internet-based registered investment adviser with about 10 clients so that it could better serve its own clients remotely.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.