Key Takeaways
- • Savvy Wealth, an AI-native registered investment advisor serving independent financial advisors, launched a proprietary private markets program for advisors on its platform, with an initial focus on venture capital and growth equity managers.
- • Advisors can bring qualified-purchaser clients into pre-IPO investments through a single commitment, with consolidated subscription, reporting, and tax documents integrated into the client's portfolio on the Savvy platform.
- • Savvy partnered with Allocate, a private markets technology platform with $5.8 billion in assets and more than 400 advisor firms, to jointly handle manager selection and portfolio construction.
- • The program is multi-vintage, with future vintages expected to cover private equity, income-oriented strategies, and infrastructure.
- • Access is restricted to clients meeting the qualified purchaser definition, and the announcement carries standard private markets risk disclosures including loss of principal and illiquidity.
Summary
Savvy Wealth, an AI-native registered investment adviser (RIA) built for independent financial advisors, announced the launch of a proprietary private markets program for advisors on its platform, according to a Business Wire release. The multi-vintage program will open access to a range of asset classes, beginning with a select group of venture and growth managers that are typically beyond the reach of everyday investors. Advisors on the platform can bring qualified-purchaser clients into these pre-IPO investments through a single commitment.
The company framed the launch around the lengthening private phase of corporate growth. The release cites Apollo Chief Economist Torsten Slok's analysis, based on S&P Capital IQ data, that private companies now far outnumber public ones among U.S. businesses with more than $100 million in revenue. The release also notes that private funds often have high minimums and more investor demand than capacity, making access difficult.
Savvy Chief Investment Officer Anshul Sharma said that the best private markets opportunities have historically been reserved for institutions and the ultra-wealthy, and that clients are increasingly asking advisors about private companies valued in the tens of billions. Savvy says manager selection will run through a research and due diligence process overseen by its investment team. The program is designed to provide exposure to multiple managers across asset classes and vintages, with consolidated operational documentation.
To build the program, Savvy selected Allocate, a private markets technology platform with $5.8 billion in assets that works with more than 400 advisor firms. The two firms will jointly handle manager selection and portfolio construction. Future vintages are expected to add private equity, income-oriented strategies, and infrastructure.
The program is available only to qualified purchasers. The announcement is for informational purposes only and is not an offer to sell or a solicitation to buy any security; any offering is made only pursuant to governing documents. The release states that alternative investments are speculative, may involve a high degree of risk and volatility, and are not suitable for all investors, and that private markets investments involve significant risk, including loss of principal and illiquidity.
The company framed the launch around the lengthening private phase of corporate growth. The release cites Apollo Chief Economist Torsten Slok's analysis, based on S&P Capital IQ data, that private companies now far outnumber public ones among U.S. businesses with more than $100 million in revenue. The release also notes that private funds often have high minimums and more investor demand than capacity, making access difficult.
Savvy Chief Investment Officer Anshul Sharma said that the best private markets opportunities have historically been reserved for institutions and the ultra-wealthy, and that clients are increasingly asking advisors about private companies valued in the tens of billions. Savvy says manager selection will run through a research and due diligence process overseen by its investment team. The program is designed to provide exposure to multiple managers across asset classes and vintages, with consolidated operational documentation.
To build the program, Savvy selected Allocate, a private markets technology platform with $5.8 billion in assets that works with more than 400 advisor firms. The two firms will jointly handle manager selection and portfolio construction. Future vintages are expected to add private equity, income-oriented strategies, and infrastructure.
The program is available only to qualified purchasers. The announcement is for informational purposes only and is not an offer to sell or a solicitation to buy any security; any offering is made only pursuant to governing documents. The release states that alternative investments are speculative, may involve a high degree of risk and volatility, and are not suitable for all investors, and that private markets investments involve significant risk, including loss of principal and illiquidity.
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