Savvy Wealth lands $100M to scale AI agents for advisors

RIA startup Savvy Wealth has raised a $100 million Series C round led by the Halo Fund as the firm passes $9 billion in client assets under management.  

The latest investment gives Savvy a $600 million valuation and over $200 million in total funding raised since being founded in 2021 by tech entrepreneur Ritik Malhotra. Savvy has doubled its advisor base this year to now being more than 150 advisors, helping the company be on pace to exceed $100 million in annual recurring revenue this year. 

“The amount of product and services that we wanted to continue building and integrating into our AI platform, that list continues to grow,” Malhotra told InvestmentNews. “We've really doubled down and started to build specific custom AI agents that can help do things that advisors may have either spent time doing or have hired [for].” 

AI agents to scale

Advisors using Savvy’s platform can use AI agents to handle tasks like customized investment reporting and financial plan analysis for clients. The latest funding led by Halo Fund will help New York-based Savvy grow from “over 100 employees to hundreds” to scale its business, according to Malhotra.  

“We can speed [financial planning] up by leveraging AI to actually do a lot of the suggestions and analysis, so the advisor can just simply react and generate plans much faster,” Malhotra said of Savvy’s AI agents. “Advisors can articulate, here's what I want to be able to show my client in a 10 minute meeting, I only have 10 minutes. Let's make the report very customized for that.” 

Savvy Wealth operates as the fintech parent company of Savvy Advisors, an investment advisor registered with the SEC. Malhotra says the new funding will also be used to further tax and estate planning services offered through Savvy, which has an existing partnership with AI-powered tax filing startup April.  

The "virtual family office"

"If we can continue expanding [tax and estate services], that becomes a differentiated, virtual family office that the advisor doesn't have to build themselves,” said Malhotra. “They can just rely on Savvy's infrastructure to provide that on a fractional basis for certain clients.” 

Halo Fund is the venture capital firm founded by billionaire Ryan Smith and longtime Accel general partner Ryan Sweeney. Smith is the founder of Qualtrics and owns the Utah Jazz team in the NBA. Existing Savvy investors to participate in the Series C include Josh Kushner’s Thrive Capital, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures, the VC firm from former LPL Financial CEO Mark Casady. Savvy previously raised a $72 million Series B in 2025. 

Malhotra has previously founded two tech startups with exits. His cloud storage startup Streem was sold to Box in 2014, and his digital ledger fintech Elph was acquired by Brex in 2019. 

Other tech-enabled startups RIAs that compete with Savvy include Compound and Farther. In May, Farther raised $150 million in Series D funding led by General Atlantic.  

“Robinhood modernized retail brokerage for a whole generation, and Savvy is doing that for financial advice by building a wealth management firm from the ground up with AI at its core," Smith said in a statement. "What makes this work is that advice is a deeply human business, and the best use of AI here isn't to replace the advisor, it's to make them dramatically better at serving each client personally.”