Client Transition Specialist
About the job
- Own advisor account transitions or onboarding for 3 to 5+ years at a wealth management firm, registered investment advisor, custodian, or broker-dealer; general client servicing experience alone does not meet this requirement.
- Be familiar with ACAT transfers, LPOA or repaper processes, NIGO resolution, and tools such as DocuSign, Orion, or Salesforce.
- Have proactive experience with post-start NIGO remediation and account transfer follow-through.
- Be highly organized and detail-oriented across multiple parallel, deadline-driven workstreams.
- Be comfortable with spreadsheets and validation logic, and catch data errors before they compound.
- Communicate effectively and build relationships with advisors, keeping them calm and informed under pressure.
- Be tech-savvy and able to learn and adopt new technologies, including AI tools.
- Be comfortable working in a high-growth, constantly changing environment.
- Demonstrate resourcefulness, a quick learning curve, a collaborative and self-starting attitude, and strong ownership.
- Own the end-to-end transition of assigned advisors’ books across custodians, from paperwork generation through completed account transfers.
- Prepare, validate, and submit account paperwork while maintaining a low NIGO rate and identifying data issues before they cause delays.
- Prepare and validate data for accuracy.
- Serve as the day-to-day point of contact for transitioning advisors, communicating proactively and keeping transitions on schedule.
- Coordinate with custodians, vendors, and internal Operations, Product, and Client Servicing teams to unblock transitions.
- Manage multiple concurrent transitions while maintaining clear stakeholder communication and adapting to changing conditions.
- Monitor and report on transition progress and flag risks early.
- Improve team capabilities by enhancing existing processes and helping build scalable, automated workflows.
- Have direct experience with Schwab and/or Fidelity custodial platforms.
- Use Excel or Google Sheets at a power-user level, including lookups, data validation, and cleaning messy files.
- Have experience using AI tools to accelerate data or document work, including validation, drafting, or summarization.
About the company
Savvy Wealth provides an AI-native, integrated platform for independent financial advisors that combines proprietary technology with back-office services. Its dual-structure includes Savvy Wealth, Inc. as the tech platform and Savvy Advisors, Inc. as the affiliated SEC-registered adviser, offering automated onboarding, financial planning modeling, tax analysis, and client communications, along with centralized investment management and access to alternative investments. The AI tools assist advisors to work more efficiently and scale their practices, without interacting with clients directly or providing investment advice. The goal is to help advisory teams run larger, more efficient practices by unifying technology, operations, and investment capabilities, backed by over $200M raised and more than $8B in assets under management as of mid-2026.
Company Size
201-500
Company Stage
Series C
Total Funding
$212.8M
Headquarters
New York City, New York
Founded
2021
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Simplify's Take
What believers are saying
- September 2026 Series C added $100 million, valuing Savvy at $600 million.
- Savvy reached $9 billion AUM, over 150 advisors, and more than $4 billion added in 2026.
- Inc. ranked Savvy America's fastest-growing financial services firm, with 13,000% revenue growth.
What critics are saying
- Savvy still relies on National Financial Services for custody, execution, and asset safeguarding.
- Vanguard's Altruist deal and State Street-Apex raise pressure on Savvy's infrastructure wedge.
- A compliance failure across Savvy Advisors and Savvy Wealth could trigger advisor defections quickly.
What makes Savvy unique
- Savvy unifies RIA, CRM, planning, tax, billing, and marketing into one AI-native stack.
- Ritik Malhotra founded Savvy in 2021 after building and exiting two tech companies.
- September 2026 Custodial Platform extends Savvy's software into onboarding, transfers, and execution workflows.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Health Savings Account/Flexible Spending Account
Meal Benefits
Parental Leave
Mental Health Support
Company Equity
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 5%2 year growth
↓ -1%Savvy Wealth raises $100 million to prove advisors don't have to sell out to scale. September 29, 2026 Savvy Wealth has raised an oversubscribed $100 million Series C at a $600 million valuation, giving founder and CEO Ritik Malhotra considerably more capital to pursue a proposition aimed directly at one of wealth management's defining tradeoffs: advisors shouldn't have to surrender ownership of their businesses to gain the technology and infrastructure of a large institution. The numbers behind the financing suggest investors see more than a philosophical argument. Savvy now oversees more than $9 billion in client assets, more than four times its total a year ago, after recruiting over $4 billion in assets during 2026 alone. Its advisor population has doubled to more than 150, while annual recurring revenue is expected to exceed $100 million this year, up from $10 million at the beginning of 2025. Halo Fund, founded by Qualtrics founder Ryan Smith and longtime Accel general partner Ryan Sweeney, led the round. Thrive Capital, Industry Ventures from Goldman Sachs, Index Ventures, Canvas Prime, House Fund, Euclidean Capital, Alumni Ventures and Mark Casady's Vestigo Ventures were among the existing investors participating, bringing Savvy's total outside funding above $200 million. Malhotra is explicitly positioning that money against the consolidation model that has transformed the RIA business. Private equity-backed aggregators have spent years offering advisors capital, technology, succession solutions and operating scale in exchange for some degree of economics or ownership. Savvy's contention is that technology can deliver much of that leverage without requiring the advisor to sell the practice. "Advisors are being told they have to give up their independence to scale," Malhotra said. "We think that's a false tradeoff, and we've spent the last five years proving it." AI is central to the attempt. Savvy Intelligence operates across a unified data layer connecting CRM, investments, tax and financial planning, with specialized agents intended to remove administrative work from individual advisors. Savvy says advisors on its platform save an average of 19 hours a week and are growing organically at roughly three times the industry average. Those claims matter because technology in wealth management has often promised efficiency without fundamentally changing the economics of an advisory practice. Saving enough time to let an advisor handle more relationships, pursue more prospects or provide more individualized service is different. At sufficient scale, software stops being merely an operating expense and starts functioning like additional capacity. Savvy's rapid growth gives Malhotra an opportunity to test that idea across a much larger organization. The new capital will expand Savvy Intelligence deeper into daily workflows, fund additional services and add technical talent. The company has already demonstrated another direction the model can travel by opening technology originally built for its own advisors to independent RIAs outside the firm. That creates an interesting tension inside the $600 million valuation. Savvy is simultaneously an RIA, a recruiting platform and an increasingly ambitious technology company. Each can reinforce the others: more advisors generate more assets and operating experience, that experience informs better software, and better software strengthens the recruiting proposition. It also puts a demanding burden on execution. Wealth management is full of firms promising independence with institutional scale, and the incumbents Savvy is challenging have capital, established custody relationships and decades of infrastructure behind them. Growing from $9 billion is different from growing to $9 billion. But the Series C shows how quickly the competitive question has changed. RIA consolidation was built partly on the premise that sophisticated infrastructure becomes increasingly difficult for independent practices to assemble on their own. Malhotra has now raised $100 million to argue that AI can change the price of independence.
Savvy Wealth, an AI-native registered investment adviser managing $9 billion in assets, has launched the Savvy Custodial Platform for investment advisers. The platform enables client onboarding in as little as 90 seconds and facilitates asset transfers with minimal clicks. The platform is not a separate custodian but rather an integrated technology suite. Savvy Wealth Management LLC acts as the introducing broker-dealer, whilst Fidelity's National Financial Services LLC handles clearing, execution and custody. Features include fully digital onboarding, white-labelled branding and integration with CRM, billing, trading and reporting systems. Earlier this month, Savvy raised $100 million in Series C funding at a $600 million valuation. The launch follows recent custody platform announcements from State Street Wealth Services and Vanguard's acquisition of Altruist.
Savvy Wealth Announces the Launch of Savvy Custodial Platform TMCnet News [September 23, 2026] | / | Savvy Wealth Announces the Launch of Savvy Custodial Platform Savvy Wealth, the AI-native wealth management platform for independent financial advisors, today announced the launch of Savvy Custodial Platform[1], its new custodial offering built for registered investment advisor (RIA) owners and firms. With Savvy Custodial Platform, independent RIAs can onboard clients in as little as 90 seconds and move assets in a few clicks, replacing the paperwork and delay of legacy custodial relationships with a modern, digital, and personalized experience for both advisor and client. What Savvy Custodial Platform offers: * Instant, digital onboarding: no more paperwork or multi-day delays to get a client's account open and funded * Fast, intuitive experience: modern software purpose-built for how advisors actually work * White-labelled control: advisors can deliver a client experience that looks and feels like their firm, not someone else's * Integrated with your practice: CRM, billing, trading, and reporting live in one connected system The custodial relationship is where independence hits a ceiling for RIAs. An RIA owner can control the firm, the book, and every investment decision, and still run the practice on custodial systems designed decades ago: paper forms, multi-day account openings, and service queues. Savvy Custodial Platform extends the independence that defines Savvy's offerings for RIAs down into the custodial infrastructure layer itself to deliver more time saved and greater ease in serving clients. "From day one at Savvy, we set out to remove everything standing between an advisor serving their client," said Ritik alhotra, Founder and CEO of Savvy Wealth. "For an RIA owner, independence shouldn't stop at owning their own firm. It should extend to every account, every relationship, and every choice they make for those they serve. That's what Savvy's Custodial Platform is built to protect." The infrastructure behind the platform was shaped in close partnership with advisors themselves, informed by their real pain points, in order to build a better solution for RIAs. "We didn't work from a checklist of legacy conventions. The growth of our RIA channel over the past few years has given us a front row seat to what advisors actually need to run a best-in-class practice," said Malhotra. Advisors who register under Savvy's RIA already have access to this deep custodial integration, with this launch extending this aspect of the RIA platform to the broader RIA market. This launch allows Savvy to serve the independent advisors who want to maintain their own ADV and operations. To learn more and join the waitlist for Savvy Custodial Platform, visit savvywealth.com/custodial-platform. About Savvy Savvy Advisors, Inc. ("Savvy") 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 that have not been reviewed by an advisor. Advisors remain solely responsible for all advice and recommendations provided to their clients. [1] "Savvy Custodial Platform" describes the integrated technology and services designed for investment advisers, including Savvy Advisors, Inc. ("Savvy Advisors"), an SEC-registered investment adviser, and unaffiliated independent RIAs. The Savvy Custodial Platform is not a separate legal entity or custodian. Savvy Wealth Inc., the parent of Savvy Advisors and Savvy Wealth Management LLC ("SWM"), provides the platform technology. SWM is a registered broker-dealer and FINRA/SIPC member that provides introducing brokerage services. National Financial Services LLC ("NFS"), an unaffiliated clearing broker-dealer, provides clearing, execution, and custody for accounts introduced by SWM. No Savvy entity directly holds or safeguards client assets. View source version on businesswire.com: https://www.businesswire.com/news/home/20260923656434/en/ [ Back To TMCnet.com's Homepage] |
WealthTech safari - week of september 11, 2026. 5 hours ago Envestnet to acquire Vestmark, adding institutional-grade trading and tax capabilities. * Envestnet agreed to acquire Wakefield, Massachusetts-based Vestmark, which supports more than $2 trillion in assets across over five million accounts, in a deal expected to close in the fourth quarter of 2026 on undisclosed terms. * The combination pairs Vestmark's wirehouse and institutional trading base with Envestnet's independent broker-dealer, scaled RIA and hybrid footprint, and both roadmaps - VestmarkONE, VAST, Envestnet Enterprise, Tamarac and MoneyGuide - continue with no mandatory migration. Savvy Wealth raises $100 million Series C to scale its AI-powered advisor platform. * Savvy Wealth raised a $100 million Series C at a $600 million valuation led by Halo Fund, the investment firm of Qualtrics founder Ryan Smith and Accel general partner Ryan Sweeney, with Thrive Capital, Industry Ventures, Canvas Prime, Index Ventures, Vestigo Ventures, Allianz Life Ventures and Euclidean Capital returning. * The tech-enabled national RIA says it is on track for $100 million in annual recurring revenue by year-end, up from $10 million in January 2025, against more than 150 advisors and $8 billion in AUM as of July - so the number that matters is whether assets scale at a much higher rate than advisor count. MMnote: The telltale of whether this investment is worth it will be whether AUM scales at a much higher rate than advisor count. Rogo raised roughly $30 million from global banks and sets its sights on wealth management. * Rogo raised approximately $30 million from Barclays, BNP Paribas through Opera Tech Ventures, Citi Ventures, MUFG Innovation Partners, Societe Generale and Sixth Street co-founder Josh Easterly, joining existing backers J.P. Morgan Growth Equity Partners and Truist Ventures on a cap table of nine global banks holding close to $20 trillion in assets. * More than 50,000 professionals across over 350 firms already run Rogo's agents - including its Felix workflow agent - inside their own security perimeters, and with bank wealth desks reportedly testing the platform, the competition is arriving in wealth management from capital markets rather than from the advisor-desktop vendors. MMnote: Rogo has been making headlines for a while and I've been waiting on them to bring their talents to wealth management. If the WSJ rumors are true, welcome! Luminary raises $22 million Series A to build the data layer for wealth transfer. * Luminary raised a $22 million Series A led by Ten Coves Capital, with BNY, Fin Capital, Focus Financial Partners, Rockefeller Capital Management's FinTech Innovation Fund, 8VC and several family offices participating, taking total funding to nearly $32 million. * The AI-native platform turns estate documents into structured data across more than $500 billion in client assets for advisors, trust companies, law firms and accountants, and the strategic investor list echoes Wealth.com (Schwab), Vanilla (Vanguard, Edward Jones) and Trust & Will (Northwestern Mutual, UBS) - estate data has become infrastructure that distributors want to own a piece of. MMnote: Strategic money is not foreign in estate planning. Wealth.com has Schwab, Vanilla has Vanguard and Edward Jones, and Trust & Will has Northwestern Mutual and UBS. Congrats to all parties! Aqua launches turnkey alternatives platform backed by $18.8 million. * New York-based Aqua launched what it calls the industry's first turnkey alternative investments platform, funded by $18.8 million across a $3.8 million seed from Google's AI Fund and Y Combinator and a $15 million Series A led by Arthur Ventures with Alumni Ventures participating. * Co-founder and CEO Rohan Marwaha argues most firms still meet client demand for alternatives with spreadsheets and fragmented manual process; consolidating fund creation, lifecycle management, document intelligence and investor servicing moves the alternatives question from access to operations, and turns it into a build-or-buy decision. MWnote: If you already have a marketplace relationship, the question this raises is not whether to switch but whether the operations layer sitting on top of it is something you should be building yourself. FMG Suite introduces FMG Connect to unify advisor tools, data and workflows. * FMG Suite introduced FMG Connect, an integration and orchestration layer spanning advisor productivity, prospecting, relationship intelligence and client communication for a base of more than 80,000 financial professionals reaching over 45 million U.S. investors, with APIs available now and Model Context Protocol support planned. * Seven launch partners are already in early access - Zocks, Jump, Aidentified, WealthFeed, Tax Status, Asset-Map and GReminders - and the Asset-Map and Tax Status connections are the ones to watch, since held-away asset visibility and tax alerts turn a marketing platform into a prospecting engine with a reason to call. Knote: Asset-Map and Tax Status are two interesting integrations in particular. That brings in the full asset picture (including held-away) and the tax picture (including alert opportunities). Ebix launches Ebix Meridian, a new operating platform for U.S. financial advisory firms. * Ebix made Ebix Meridian generally available in the United States at $149 per month, built on Ebix MoneyWare, which serves more than 300 financial institutions across 17 countries. It folds client management, planning, private markets and insurance advisory onto a single client record with a shared document vault and audit trail, white-labeled client and investor portals at no extra cost, and a Meridian AI layer covering conversational intake, portfolio analysis, document intelligence and predictive scoring under SOC 2 Type II. * There is no mention of custodial links or trading and rebalancing, which constrains the operating-system claim - but at that price point, emerging firms assembling a stack from scratch will take the meeting. Knote: No mention of the custodial links or trading/rebalancing, but for an emerging advisor the prospects of a pre-packaged advisorOS that turns on and just plain works can be compelling. Advisor headcount set to grow as AI expands capacity. * Cerulli Associates, in partnership with Vista Equity Partners, found wealth firms plan to add staff over the next two years - junior advisors at 73%, client service associates at 67% and senior advisors at 56% - while 64% report AI has already reduced manual and administrative work and 46% cite better client communication. AI-specific spending is projected to rise from 8% to 15% of technology budgets in 2026. * Half of firms still sit in the Exploring tier and only 12% reach Leading, and Cerulli's five differentiators - operating framework, defined governance, named ownership, formal training and measurement of results - matter more than firm size or technology spend. State of AI in UK wealth and asset management. * KPMG surveyed senior leaders at UK asset managers, wealth managers and specialist alternatives firms running £30 billion to more than £6 trillion, and found 83% deploying AI mainly for research summarization and legal contract review, 94% naming operational efficiency as the primary investment driver and 62% expecting budget increases over the next 12 to 24 months, with wealth firms most aggressive at 75% expecting AI budgets up 10-25% or more. * The gap is governance rather than ambition: 56% have a firmwide AI strategy but only 11% have embedded AI operating models, 72% name model hallucination as the top risk limiting adoption, 83% cite data readiness as the critical lesson, 75% point to skills shortages, and just 11% believe they are aligned with emerging AI regulation. Knote: I am becoming a lot less interested in what AI can do and much more interested in how it is deployed and governed, especially after reading that only 11% of firms think they are in compliance with new AI regulation. Feel free to reach out if you want to discuss any of the above or if you just want to chat about WealthTech. WealthTech Strategy Partners LLC love talking WealthTech!
Savvy Wealth closes $100m Series C led by Halo Fund. September 9, 2026 Savvy Wealth, an AI-native registered investment advisor for independent financial advisors, has closed a $100m Series C funding round. The round was led by Halo Fund, the growth-stage venture firm co-founded by Qualtrics founder and Utah Jazz owner Ryan Smith alongside longtime Accel general partner Ryan Sweeney. It was oversubscribed and saw continued backing from Thrive Capital, Industry Ventures from Goldman Sachs, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures and Vestigo Ventures, the latter founded by former LPL Financial chief executive and chairman Mark Casady. The Series C takes Savvy's total funding raised to more than $200m. The company frames the raise as a counterpoint to the wave of private equity-led consolidation sweeping the advisory industry, where firms have typically had to trade away ownership of their client book in exchange for institutional-grade technology and support. Savvy positions itself as proof that advisors need not choose between the two. Savvy is tracking towards $100m in annual recurring revenue this year and was recently ranked the fastest-growing financial services firm in the US by Inc. Magazine, having posted three-year revenue growth exceeding 13,000%. Assets under management now stand at $9bn, more than four times higher than a year earlier, with over $4bn in recruited assets added in 2026 alone. The advisor base has also doubled year-on-year to more than 150 professionals nationwide. At the centre of the platform sits Savvy Intelligence, an AI-powered operating environment that runs dedicated AI agents for each advisor across a shared data layer covering CRM, investments, tax and planning. This is supported by dedicated client servicing, centralised investment management through Savvy Wealth Investment Management, and in-house compliance and marketing functions, all designed to free up advisors' time to focus on clients. Savvy said its advisors are growing organically at roughly three times the industry average. Ritik Malhotra, founder and CEO of Savvy Wealth, said, "Advisors are being told they have to give up their independence to scale. We think that's a false tradeoff, and we've spent the last five years proving it." Halo Fund co-founder Ryan Smith said, "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. "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." Enjoying the stories? Investors. The following investor(s) were tagged in this article.