Savvy extends recruitment push with two experienced advisors

Savvy extends recruitment push with two experienced advisors
Drew Martino and Daniel Moore, Savvy Advisors.
The AI-powered RIA's newest additions in California and Illinois include an $800M advisor from TIAA and a two-decade veteran from Corebridge.
SEP 10, 2024

After receiving a significant multi-million dollar shot in the arm, Savvy Wealth has extended its 2024 advisor recruitment season with the addition of two experienced financial professionals in California and Illinois.

The firm announced Tuesday that Drew Martino and Daniel Moore have joined its RIA subsidiary, Savvy Advisors, which currently manages over $800 million in client assets nationwide, with a focus on high-net-worth individuals and families.

Martino and Moore are joining roughly a month after Savvy Wealth completed its $26.5 million Series A funding round, which the firm said it would use to bolster its AI-powered tech platform – a major draw for advisors since its founding in 2021 – strengthen its product and engineering teams, and recruit more advisors.

Martino, based in Los Angeles, brings over 20 years of experience in retirement planning, specializing in 403(b) plans for employees of schools, hospitals, and government entities. Prior to joining Savvy, he worked at Corebridge Financial and held positions at firms like Morgan Stanley and Bank of America.

Martino emphasized the importance of Savvy’s technology in improving client service. “Savvy’s tech-forward approach empowers me to increase efficiency, unlocking more time to educate my clients on the tax advantages of 403(b)s,” he said in a statement.

Moore, who joins from TIAA, is based in the Chicagoland area. With a background in managing approximately $800 million in client assets, Moore has extensive experience in retirement planning, estate planning, and investment management, particularly for higher education professionals and physicians.

"With its modern technology and a clear, structured approach, I’m confident that Savvy’s proprietary solutions will unify every aspect of my clients’ financial lives,” said Moore, who honed his retirement expertise at Fidelity, PNC, and AXA Advisors.

Savvy's recruitment aligns with its broader strategy to incorporate more tech-savvy advisors into its platform. Ritik Malhotra, CEO and founder of Savvy Wealth, noted, “We are intentional in choosing the right individuals to help advance our mission to reshape the wealth management industry.”

Savvy continues to provide advisors with tools such as its AI-powered CRM, Co-Pilot, and a proprietary investment management system designed to optimize tax loss harvesting and asset allocation, along with other resources.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.