Savvy launches fully integrated AI platform for advisors

The platform automates processes such as new account onboarding, portfolio recommendations, and personalized financial planning.

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.”

PORTFOLIO BUILDING

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.