The wealth management firm said its custodial platform is intended to reduce reliance on paper-based processes and lengthy account-opening procedures for independent registered investment advisors (RIAs).
New York-based Savvy Wealth has launched Savvy Custodial Platform, a custodial offering designed for registered investment adviser (RIA) owners and firms. Its custodial platform extends the independence offered through its broader advisory ecosystem The platform aims to provide a digital custody and account infrastructure that seeks to address operational inefficiencies associated with traditional custodial arrangements. It enables independent RIAs to onboard clients in as little as 90