Savvy Advisors Expands Workforce with New Wealth Managers
Savvy Advisors Inc., often referred to simply as Savvy, has made a significant addition to its growing team by welcoming two esteemed wealth managers, Craig Austad and Eric S. Passin. This strategic hiring reinforces Savvy's commitment to providing exceptional financial services to its clients.
Experienced Financial Professionals Join Savvy Advisors
Craig Austad brings nearly three decades of experience in the financial services industry to Savvy. Throughout his career, he has cultivated extensive expertise in financial planning, primarily at Northwestern Mutual Wealth Management, where he dedicated twelve years to serving his clients' needs. His new role involves leveraging Savvy's innovative technology solutions to enhance the services offered through his business, Flourish Financial Partners. This unique background positions him to thoroughly assist clients in establishing comprehensive financial plans, with an emphasis on retirement income strategies, tax efficiency, and late-stage college planning.
Growth Driven by Technology and Expertise
In a statement reflecting his enthusiasm about joining Savvy, Austad remarked, "Joining a tech-forward firm like Savvy is a refreshing reminder that the future of our industry is bright. Savvy Wealth’s proprietary technology and solutions will be instrumental in helping me grow my practice." This philosophy underpins his dedication to guiding families through the complexities of financial decision-making.
On the other hand, Eric S. Passin brings nearly 35 years of wealth management experience to Savvy Advisors. Before joining the firm, he served as a wealth advisor at Farther and held pivotal positions at notable financial institutions, including TIAA and Charles Schwab. With a focus on clients aged 60 to 75, Passin specializes in retirement planning, income strategies, and wealth preservation, keenly understanding their distinct financial needs.
Commitment to Client Service
Passin expressed his commitment, saying, "High-quality client service will always be my top priority. Building deep relationships and providing personalized guidance that uniquely addresses my clients' needs is paramount to me." He believes that Savvy Wealth’s infrastructure will enable him to meet these goals by utilizing advanced tools that enhance client interactions.
By incorporating these two accomplished wealth managers, Savvy Advisors now boasts a team of over 30 advisors. This expanded team is dedicated to offering a comprehensive range of financial planning services, especially in retirement, estate planning, tax strategy, and alternative investments to meet varying client needs.
Innovative Technology and Financial Solutions
This strategic move comes on the heels of Savvy Advisors raising $26.5 million in Series A funding, aimed at further investing in technology and enhancing client services. The firm is committed to employing artificial intelligence to refine its platforms and tools, accelerating the growth trajectory of its advisory team.
As Ritik Malhotra, the founder and CEO of Savvy Wealth, remarked, "We are experiencing rapid growth and embracing innovative ideas that will shape the future of our firm." His vision aligns closely with the newly integrated advisors' objectives, which are to enhance the client experience substantially.
Since its launch in 2021, Savvy has rapidly grown, boasting over $900 million in client assets under management. This success stems from its effective onboarding strategy for seasoned advisors who resonate with the company's mission to revolutionize wealth management.
About Savvy Wealth
Savvy Wealth is a tech-driven, multi-custodial platform designed specifically for financial advisors. Its innovative solutions empower wealth managers to expand their practices by streamlining operations, thereby allowing them to focus on building meaningful client relationships. The firm’s dedication to modernization is reflected in its commitment to delivering human-centric financial advice while integrating the latest technological advancements.
Frequently Asked Questions
What is Savvy Advisors?
Savvy Advisors is a registered investment advisor firm that utilizes advanced technology to enhance financial planning services for its clients.
Who are Craig Austad and Eric Passin?
Craig Austad and Eric S. Passin are experienced wealth managers recently hired by Savvy Advisors to enhance its advisory team.
How does Savvy utilize technology in its services?
Savvy employs technology solutions, including artificial intelligence, to improve client interactions and streamline advisory processes.
What types of services does Savvy Advisors offer?
Savvy Advisors offers a wide range of financial planning services, including retirement planning, estate planning, tax strategy, and investment advice.
How has Savvy Advisors grown since its inception?
Savvy Advisors has rapidly expanded since its launch in 2021, managing over $900 million in client assets and continuously onboarding experienced advisors.
