Business
Savvy Wealth Raises $72 Million to Drive the Shift Toward AI-Augmented, Human-Centered Financial Advice
NEW YORK, N.Y., July 02, 2025--Savvy Wealth completes $72 million Series B funding round; Former LPL Financial CEO and Chairman Mark Casady invests, joins board of directors.
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[{"type":"text","content":"Former LPL Financial CEO and Chairman Mark Casady participates in company’s Series B funding round, joins its Board of Directors to help build the future of wealth management","length":174,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, N.Y., July 02, 2025--(BUSINESS WIRE)--Savvy Wealth ("Savvy"), a digital-first platform for financial advisors centered around modernizing human financial advice, today announced the successful close of a $72 million Series B funding round, led by Industry Ventures, a venture capital firm focused on private technology investments with over $8 billion in committed capital. The round attracted new investors Vestigo Ventures—a venture capital firm founded by former LPL Financial CEO and Chairman Mark Casady, who joins Savvy’s Board of Directors—and Euclidean Capital. Existing investors Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures and former Focus Financial executive Vamsi Yadlapati also participated. This latest infusion of capital brings Savvy to over $100 million in total funding.","length":834,"tagName":"p"},{"type":"text","content":""Throughout my decades in the industry, I’ve come to realize the power of building a firm around the needs of advisors—and how transformational that model can be at scale," said Casady. "I’m looking forward to working alongside the leadership team at Savvy, applying my learnings to further advance the firm’s tech-forward, human-led approach. Savvy is driven by a deep commitment to helping advisors deliver better, personalized, more impactful advice, which is why I believe the firm is already a defining leader in the future of wealth management."","length":571,"tagName":"p"},{"type":"text","content":"Having completed its Series A in August 2024, Savvy is in the top decile for speed between Series A and B funding rounds, according to industry data from Carta. Savvy will leverage the fresh funding to accelerate its core technology offering, hire top technical talent and expand recruitment of independent advisors and advisory teams to its affiliate registered investment advisor (RIA), Savvy Advisors. The firm will also accelerate the development of artificial intelligence (AI) solutions to build personalized knowledge bases on each client, providing predictive, real-time intelligence tailored to indivi...