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Digital RIA Savvy attracts $11 million in venture capital

savvy direct indexing Savvy CEO and co-founder Ritik Malhotra

Savvy isn’t a consumer-facing robo-adviser or a wealth fintech building tech for other RIAs; instead, it's a fairly classic RIA with proprietary technology built entirely in-house.

A new digital registered investment advisory firm is attracting attention from venture capital investors.

Savvy Wealth, which was founded in 2021 but formally launched in the third quarter of 2022, has secured $11 million in Series A funding led by The House Fund, a venture capital firm backed by

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