Artificial intelligence is doubtless both a great opportunity and a great challenge for wealth management in the years ahead, but can humans and AI work in harmony?
Savvy Wealth certainly believes that the burgeoning technology is the future for modern advisors and has launched its new, fully integrated AI-powered advisor platform to enhance the daily workflow of advisors serving high-net-worth clients.
From a user-friendly dashboard, advisors can manage the automation of some key elements of running their business including new account onboarding, client portfolio recommendations, ongoing financial planning, and personalized communications across multiple marketing channels.
Savvy Wealth is the parent company of national RIA firm Savvy Advisors, and its founder and CEO Ritik Malhotra said the company’s platform challenges the industry data that shows all-in-one platforms have failed to gain significant market share.
“Realizing the largely untapped potential of AI-driven efficiency, we saw an opportunity for our talented team to change that narrative and build our own solution from the ground up,” Malhotra said in a statement. “Listening to our advisors, we designed our platform to eliminate the challenges caused by fragmented technology, double data entry, and manual workflows that have historically plagued advisors and hindered their growth.”
Savvy Wealth recently launched Savvy Direct Indexing to assist advisors in building tax-optimized, risk-adjusted portfolios which considers clients ESG preferences.
The firm’s use of generative AI also simplifies many compliance-related processes such as data entry, note-taking, and logging of client communications.
Broker-dealer enforcement actions surged 66% as the SEC and state regulators cracked down on Ponzi schemes and digital asset fraud.
The deal adds $221 billion in AUM and bolsters Marsh's alternatives and model portfolio capabilities for advisors.
New Jackson research finds multi-generational financial obligations are leaving pre-retirees dangerously off track.
Sanctuary Wealth’s Vince Fertitta examines what wirehouse advisors may leave behind when a career ends in deferred compensation rather than a sale
Osaic's Empowered Independence reached roughly $20 billion in a year and a half as succession pressure pushes advisors toward becoming W-2 employees
Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
