Savvy Wealth rolls out custody platform for independent RIAs
Savvy Wealth has introduced a custody platform for independent registered investment advisors and their firms. The offering is designed to speed up client onboarding, which the company says can take as little as 90 seconds, and to simplify asset transfers. It is part of Savvy Wealth's wealth management tools for advisors.
Savvy Wealth has rolled out a custody service for registered investment advisors who work independently and for their practices. The company says the offering is built to shorten client intake, which it claims can finish in as little as 90 seconds, and to make moving assets less cumbersome. It belongs to Savvy Wealth’s advisor-facing wealth management products, placing the launch in the software and cloud segment that supports advisory operations.
For independent advisors and their clients, a faster custody and onboarding process could reduce administrative delays and make account transitions less frustrating. If such tools spread, smaller advisory firms may gain operational efficiencies that were once more common at larger institutions. Clients might see quicker access to services, though outcomes would depend on implementation, adoption, and oversight. The broader effect may be incremental rather than transformative.