Key Takeaways
- • Savvy Wealth, an AI-native registered investment advisor (RIA) serving independent financial advisors, closed a $100 million Series C funding round led by Halo Fund, co-founded by Qualtrics founder Ryan Smith and Accel partner Ryan Sweeney.
- • The oversubscribed round brings Savvy Wealth's total funding to over $200 million, with participation from existing investors including Thrive Capital, Industry Ventures (Goldman Sachs), Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures.
- • Vestigo Ventures, founded by former LPL Financial CEO and Chairman Mark Casady, participated in the round, signaling institutional fintech momentum in the RIA advisory space.
- • The capital injection positions Savvy Wealth to expand its AI-driven technology platform serving the independent financial advisor market, a segment experiencing significant consolidation and digital transformation.
Summary
Savvy Wealth has successfully closed a $100 million Series C funding round, marking a significant milestone for the AI-native registered investment advisor platform that serves independent financial advisors. The round was led by Halo Fund, a growth-stage venture firm co-founded by Ryan Smith, founder of enterprise software company Qualtrics and owner of the Utah Jazz, alongside longtime Accel general partner Ryan Sweeney.
The funding round was oversubscribed, reflecting strong investor confidence in Savvy Wealth's business model and market opportunity. Existing investors returned to participate, including Thrive Capital, Industry Ventures (the venture arm of Goldman Sachs), Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures. The participation of Vestigo Ventures, founded by Mark Casady, the former CEO and Chairman of LPL Financial—one of the largest independent broker-dealer networks—adds particular strategic credibility, suggesting institutional recognition of Savvy Wealth's value proposition within the RIA ecosystem.
With this Series C close, Savvy Wealth has now raised over $200 million in total funding. The capital will support the company's expansion as it continues to build AI-driven tools and services for independent financial advisors, a market segment characterized by ongoing digital adoption and competition from established financial institutions seeking to capture advisory talent and assets under management.
The funding round was oversubscribed, reflecting strong investor confidence in Savvy Wealth's business model and market opportunity. Existing investors returned to participate, including Thrive Capital, Industry Ventures (the venture arm of Goldman Sachs), Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures. The participation of Vestigo Ventures, founded by Mark Casady, the former CEO and Chairman of LPL Financial—one of the largest independent broker-dealer networks—adds particular strategic credibility, suggesting institutional recognition of Savvy Wealth's value proposition within the RIA ecosystem.
With this Series C close, Savvy Wealth has now raised over $200 million in total funding. The capital will support the company's expansion as it continues to build AI-driven tools and services for independent financial advisors, a market segment characterized by ongoing digital adoption and competition from established financial institutions seeking to capture advisory talent and assets under management.
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