Savvy Advisors, a New York City-based RIA that uses a technology platform built by fintech parent firm Savvy Wealth, has recruited four wealth managers with a total of $170 million in client assets. The additions bring Savvy to over $400 million in total assets and 20 advisors.
Chase Austin, based in the Charlotte, NC area, joins from Robbins Financial Group, a hybrid advisory firm. Before that, he was with Merrill Lynch, and he has a strong background in tax planning. He also uses his experience as a former minor league baseball player in the Miami Marlins organization to provide financial planning for athletes.
Savvy also brought on Josh Branham, based in Lexington, Ken., who has seven years of industry experience, most recently as an advisor with Paragon Private Wealth Management, a financial planning firm.
New York-based Louis Green has over 25 years of experience, most recently with UBS. He will operate his practice under the Prestiq Wealth Partners brand name within Savvy. It is focused on providing sophisticated investment strategies such as hedge funds, private equity and private credit.
Savvy also added Scott Eichler, an adviser in Orange, Calif. About five months ago, Eichler merged his practice, Standing Oak Advisors, with Farther, another technology-focused adviser, and became a Farther senior vice president. Before that, he was with Newport Wealth Advisors. He works with contingency fee-based attorneys, professionals in that space and their clients who receive net payouts in excess of $100,000.
Savvy Wealth was founded in July 2021 by a technology entrepreneur Hrithik Malhotra, with the idea of creating a digital-first platform for financial advisors centered around modernizing human financial advice. In 2022, the firm raised $11 million in venture capital financing.
The platform is built around a personal advisor and CRM dashboard called Co-Pilot and includes a direct indexing tool presented last year as well as a new part of investment managementfinancial planning through an “active, real-time” integration with eMoney and a comprehensive database of alternatives compiled by in-house researchers.