Savvy Wealth has successfully raised a $15.5 million Series A-2 funding round, completing their $26.5 million Series A. This round was led by Canvas Ventures with contributions from Thrive Capital, Brewer Lane, Index Ventures, and others, bringing Savvy Wealth’s total funding to over $33 million since its inception three years ago.

This achievement coincides with the company's third anniversary. From humble beginnings in a small NYC apartment, Savvy Wealth has grown into a significant player in the wealth management sector, boasting an affiliated investment advisory firm with over 30 financial advisors managing assets exceeding $700 million across the country. With $1 billion AUM as their next target, Savvy Wealth is committed to delivering exceptional value to both advisors and clients. CEO Hugo Gomez remarked, “This achievement is a testament to the hard work and dedication of the Savvy team, and I’m more confident than ever that this is only the beginning.”

Savvy Wealth aims to provide technology-enabled solutions to streamline the wealth management industry by eliminating time-consuming middle and back-office tasks, thus allowing advisors to focus more on their clients. Presently, advisors spend around 40% of their time on these tasks, and an additional 10+ hours per week on self-marketing and compliance.

Savvy Wealth addresses three main industry pain points:

1. Lack of technology & automation: Advisors need tools to save time on workflows.
2. Limited access to financial products: Outdated rules and processes restrict the range of products advisors can offer.
3. Insufficient marketing support: Advisors lack the time and expertise to effectively use marketing tools.

Savvy Wealth’s internal teams are structured to tackle these challenges, with Engineering, Product, and Design focusing on technology, Operations ensuring a wide range of financial products, and Marketing providing comprehensive support for practice growth and compliance.

The company has achieved product-market fit, boasts high NPS and CSAT scores among advisors, and maintains a 0% churn rate on their platform. Acknowledging the inherently human nature of wealth management, Savvy Wealth aims to enhance the advisor-client relationship through smart technology.

Gratitude is extended to the team, investors, and clients. CEO Hugo Gomez expressed excitement for the future, emphasizing their commitment to leading innovation in the evolving $18 trillion wealth management market.