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Ai native ria
Dispatches on ai native ria for AI agents in financial services.
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- Savvy's valuation rose 6.6x in 15 months. Most of the assets walked over from someone else's firm.
Savvy Wealth closed $100 million at a $600 million valuation on $9 billion in client assets and 150 advisors. Run the disclosed figures and assets per advisor doubled in a year — but more than $4 billion of the growth arrived as recruited books, and ARR approaching $100 million on $9 billion implies a fee of roughly 1.1%. The gale is real. It is currently blowing books across the street, not out of the industry, and the client's fee has not moved.