The latest technology news in the wealth management sector from around the world.

Savvy Wealth
Savvy Wealth, a tech-driven wealth management platform for independent financial advisors, said it has launched a new custodial offering for RIAs.

Savvy Custodial Platform allows users to onboard clients in as little as 90 seconds and move assets in a few clicks, Savvy said. 

"From day one at Savvy, we set out to remove everything standing between an advisor serving their client,” Ritik Malhotra, founder and CEO of Savvy Wealth, said. “For an RIA owner, independence shouldn't stop at owning their own firm. It should extend to every account, every relationship, and every choice they make for those they serve.”

Savvy said that the custodial relationship is where independence hits a ceiling for RIAs. An RIA owner can control the firm, the book, and every investment decision, and still run the practice on custodial systems designed decades ago, with paper forms, multi-day account openings, and service queues. 

Savvy Wealth is a tech company and the parent company of Savvy Advisors, which is an RIA.