Savvy Wealth Raises $100M Series C Led by Ryan Smith and Ryan Sweeney's Halo Fund

Savvy is approaching $100 million in annual recurring revenue and is Inc. Magazine's fastest-growing financial services company, supporting more than 150 independent advisors overseeing $9 billion in client assets

NEW YORK--(BUSINESS WIRE)--Savvy Wealth ("Savvy"), an AI-native registered investment advisor (RIA) for independent financial advisors, today announced the successful close of its $100 million Series C funding round led by Halo Fund, the growth-stage venture firm co-founded by Qualtrics founder and Utah Jazz owner Ryan Smith and longtime Accel general partner Ryan Sweeney. The round was oversubscribed, with participation from existing investors including Thrive Capital, Industry Ventures from Goldman Sachs, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures, and Vestigo Ventures, the venture capital firm founded by former LPL Financial CEO and Chairman Mark Casady. This latest infusion of capital brings Savvy to over $200 million in total funding.

The raise is a bet against the industry’s consolidation led by private equity aggregators buying independent practices. Advisors who want institutional-grade technology and support have mostly had to buy it by giving up ownership of their book. Savvy was built on the premise that those two things don't have to be a package deal.

"Advisors are being told they have to give up their independence to scale," said Ritik Malhotra, founder and CEO of Savvy Wealth. "We think that’s a false tradeoff, and we've spent the last five years proving it."

Savvy is on pace to exceed $100 million annual recurring revenue (ARR) this year, and was just named the No. 1 Fastest-Growing Financial Services Firm in America by Inc. Magazine with three-year revenue growth of 13,000%+. The firm now oversees $9 billion in client assets under management (AUM), a more than 4x increase year-over-year, and has brought on more than $4 billion in recruited assets in 2026 alone. Savvy also now supports more than 150 advisors nationwide, having doubled its advisor base over the past year.

Advisors who partner with Savvy get one modern, integrated platform rather than a stack of vendors. Savvy Intelligence, the AI-powered operating environment at the center of the platform, runs AI agents for each advisor on a unified data layer spanning CRM, investments, tax, and planning. Around it sits dedicated client servicing, centralized investment management through Savvy Wealth Investment Management (SWIM) and in-house compliance and marketing support. Together, they take the operational load off the advisor's desk, and those hours come back as capacity to serve clients and win new ones. Advisors on Savvy are growing organically at approximately 3x the industry average.

Halo Fund launched in 2025, though Smith and Sweeney have been building together since 2012, when Accel co-led the first institutional round in Qualtrics. Smith founded the company and grew it to a $8 billion valuation by its 2018 sale to SAP, and has since purchased the Utah Jazz and Utah Mammoth. Halo invests across technology, sports and entertainment.

"Wealth management is a $14 trillion market, and the technology underneath it hasn't meaningfully changed in decades. 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," said Smith. "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. Ritik has built and scaled companies before, and he lived this problem firsthand, so he knows exactly what he's building and why. That's why we think Savvy is the firm that wins this category."

The capital from the raise goes toward three things: extending Savvy Intelligence across more of the advisor's day, building out the ecosystem of services advisors need to better serve their clients, and hiring the best technical talent to continue building the platform for advisors.

Savvy continues to partner with experienced advisors who want to grow their practice while keeping their brand, their client relationships and equity in what they build. Interested advisors and candidates can learn more at savvywealth.com.

Media images can be found here.

About Savvy

Savvy Wealth is an AI-native, multi-custodial registered investment adviser built for independent financial advisors. The firm combines modern technology with world-class support to make independence simple and scalable. Advisors who partner with Savvy use intelligent tools alongside white-glove marketing, compliance, and operational support to deliver standout client experiences while staying in control of their practice. Follow Savvy on LinkedIn to stay up to date on the latest company news and updates.

Savvy Wealth, Inc. is a tech company and the parent company of Savvy Advisors, Inc. All advisory services are offered through Savvy Advisors, Inc., an investment advisor registered with the Securities and Exchange Commission (“SEC”). The AI used on Savvy Wealth’s advisor platform is not intended to replace human advice. The AI technology efficiently automates and streamlines processes like new account onboarding, ongoing financial planning and personalized communications across multiple marketing channels. The AI is not intended to interact with retail clients of Savvy Advisors, nor does the AI provide client-facing investment advice or investment decisions. Advisors remain solely responsible for all advice and recommendations provided to their clients.

Inc. ranked Savvy #11 overall and #1 in Financial Services on its 2026 Inc. 5000 list, based on percentage revenue growth from 2022-2025; Inc. reported Savvy’s growth as 13,086%. Savvy paid a nonrefundable fee to apply for consideration. See here for Inc. methodology and fee policy.

About Halo Fund

Halo Fund is an investment platform dedicated to fueling the growth of high-potential businesses. The fund helps companies accelerate by providing access to the arenas where attention and adoption scale fastest: the convergence of technology, sports, and entertainment. Founded by Ryan Smith and Ryan Sweeney, drawing on their experience at Qualtrics, Accel, the Utah Jazz, and the Utah Mammoth, the team brings decades of combined expertise as operators and investors in technology. This perspective positions Halo Fund to guide companies through today's rapidly shifting business landscape. At its core, Halo Fund is built on a simple conviction: the drivers of sustainable growth have changed. Capital and connections alone are no longer enough. Success now depends on harnessing cultural momentum to break through barriers, define markets, and engage directly with the audiences that matter most. By partnering with visionary founders and high-growth companies, Halo Fund helps portfolio businesses capture attention, accelerate adoption, and scale with impact in an increasingly dynamic market environment. For more information, visit halofund.com or follow on X @halo_fund.