Savvy Advisors, the New York Metropolis-based RIA of dad or mum fintech firm Savvy Wealth, added 4 new advisors on the finish of 2024, together with people from J.P. Morgan and Merrill Lynch. The additions convey Savvy’s whole variety of advisors to 40 and property underneath administration to greater than $1 billion.
The brand new recruits embrace feminine duo Cindy Alvarez and Janelle Van Meel, primarily based in Evergreen and Littleton, Colo., respectively. The 2 be part of as wealth administration advisors from Wambolt & Associates, an RIA in Littleton.
Erin Niehaus, a 30-year veteran of the wealth administration and personal fairness industries with $150 million in AUM, additionally joins Savvy out of San Francisco. Most not too long ago, she was with J.P. Morgan Personal Financial institution and serves govt girls, healthcare professionals and tech leaders.
Savvy additionally welcomed Samuel Saleh, a Newport Seashore, Calif.-based advisor with $50 million in AUM, who was beforehand with Financial institution of America Merrill Lynch. He supplies retirement, enterprise succession and legacy planning for retirees and enterprise house owners.
“With over 40 wealth managers serving shoppers throughout the wealth spectrum, Savvy Advisors has develop into a welcome dwelling for unbiased advisors seeking to scale their follow on their phrases,” mentioned Ritik Malhotra, founder and CEO of Savvy Wealth, in an announcement. “Powered by Savvy Wealth’s next-generation, proprietary know-how, we’re persevering with to recruit main advisors throughout the nation.”
Savvy Wealth was based in July 2021 by Malhotra, a tech entrepreneur, with the thought to create a digital-first platform for monetary advisors centered round modernizing human monetary recommendation.
In 2022, the agency raised $11 million in enterprise capital funding. Final August, the agency wrapped a $26.5 million Collection A funding spherical, buoyed by a $15.5 million funding push led by the enterprise capital agency Canvas Ventures.
The platform is constructed round a customized dashboard utilizing the AI-powered CRM Co-Pilot, direct indexing and funding administration instruments.
Final 12 months, the RIA added Constancy as a custodian alongside Schwab and advisors from UBS, Farther, Schwab and Mariner, amongst others.