Disrupting the RIA Space: How Ritik Malhotra is Redefining Financial Advice
In this episode of the ModelFA podcast, host David DeCelle sits down with Ritik Malhotra, the founder and CEO of Savvy Wealth. Ritik shares his impressive entrepreneurial journey, from building internet businesses as a teenager to founding successful startups in cloud storage and fintech.
The conversation digs into Ritik's inspiration behind starting Savvy Wealth - his experience working with financial advisors and identifying the industry's need for modernization and technology-driven solutions. Ritik explains how Savvy Wealth's purpose-built AI-powered platform is empowering advisors to increase efficiency, scale their businesses, and spend more time focused on client relationships.
Key insights from the discussion include:
How AI is currently impacting the financial advisory industry, from automating compliance and marketing tasks to freeing up advisor time
Examples of advisors seeing 50% time savings on quarterly reviews and 80% reductions in content creation time
Ritik's emphasis on using AI to augment advisors, not replace them, and the importance of the human advisor-client relationship
Savvy Wealth's approach to constantly gathering feedback from advisors to improve their platform and address pain points
Ritik also shares the influential book "Founders at Work" by Jessica Livingston, which inspired him in his entrepreneurial journey.
This episode provides valuable insights for financial advisors looking to leverage technology and AI to enhance their practices and better serve their clients. Be sure to visit Savvy Wealth's website and follow them on LinkedIn to learn more about their innovative solutions.
Connect with Ritik:
- Website: https://www.savvywealth.com
- Email: ritik@savvywealth.com
- LinkedIn: https://www.linkedin.com/in/ritikmalhotra/
About the Model FA Podcast
The Model FA podcast is a show for fiduciary financial advisors. In each episode, our host David DeCelle sits down with industry experts, strategic thinkers, and advisors to explore what it takes to build a successful practice — and have an abundant life in the process. We believe in continuous learning, tactical advice, and strategies that work — no “gotchas” or BS. Join us to hear stories from successful financial advisors, get actionable ideas from experts, and re-discover your drive to build the practice of your dreams.Â
Did you like this conversation? Then leave us a rating and a review in whatever podcast player you use. We would love your feedback, and your ratings help us reach more advisors with ideas for growing their practices, attracting great clients, and achieving a better quality of life. While you are there, feel free to share your ideas about future podcast guests or topics you’d love to see covered.Â
Our Team:
President of Model FA, David DeCelle
If you like this podcast, you will love our community! Join the Model FA Community on Facebook to connect with like-minded advisors and share the day-to-day challenges and wins of running a growing financial services firm.
‍
Meet
Ritik Malhotra
Ritik is Founder & CEO at Savvy Wealth. When trying to find a financial advisor that offered a tech-forward, modern experience after selling two startups in his 20s, Ritik was compelled to found Savvy when he was unable to find what he was looking for. Since then, Ritik has built an AI-driven technology platform and $700M+ AUM firm that not only simplifies advisors' day to day, but also reduces friction in client engagement.
Disrupting the RIA Space: How Ritik Malhotra is Redefining Financial Advice
In this episode of the ModelFA podcast, host David DeCelle sits down with Ritik Malhotra, the founder and CEO of Savvy Wealth. Ritik shares his impressive entrepreneurial journey, from building internet businesses as a teenager to founding successful startups in cloud storage and fintech.
The conversation digs into Ritik's inspiration behind starting Savvy Wealth - his experience working with financial advisors and identifying the industry's need for modernization and technology-driven solutions. Ritik explains how Savvy Wealth's purpose-built AI-powered platform is empowering advisors to increase efficiency, scale their businesses, and spend more time focused on client relationships.
Key insights from the discussion include:
How AI is currently impacting the financial advisory industry, from automating compliance and marketing tasks to freeing up advisor time
Examples of advisors seeing 50% time savings on quarterly reviews and 80% reductions in content creation time
Ritik's emphasis on using AI to augment advisors, not replace them, and the importance of the human advisor-client relationship
Savvy Wealth's approach to constantly gathering feedback from advisors to improve their platform and address pain points
Ritik also shares the influential book "Founders at Work" by Jessica Livingston, which inspired him in his entrepreneurial journey.
This episode provides valuable insights for financial advisors looking to leverage technology and AI to enhance their practices and better serve their clients. Be sure to visit Savvy Wealth's website and follow them on LinkedIn to learn more about their innovative solutions.
Connect with Ritik:
- Website: https://www.savvywealth.com
- Email: ritik@savvywealth.com
- LinkedIn: https://www.linkedin.com/in/ritikmalhotra/
About the Model FA Podcast
The Model FA podcast is a show for fiduciary financial advisors. In each episode, our host David DeCelle sits down with industry experts, strategic thinkers, and advisors to explore what it takes to build a successful practice — and have an abundant life in the process. We believe in continuous learning, tactical advice, and strategies that work — no “gotchas” or BS. Join us to hear stories from successful financial advisors, get actionable ideas from experts, and re-discover your drive to build the practice of your dreams.Â
Did you like this conversation? Then leave us a rating and a review in whatever podcast player you use. We would love your feedback, and your ratings help us reach more advisors with ideas for growing their practices, attracting great clients, and achieving a better quality of life. While you are there, feel free to share your ideas about future podcast guests or topics you’d love to see covered.Â
Our Team:
President of Model FA, David DeCelle
If you like this podcast, you will love our community! Join the Model FA Community on Facebook to connect with like-minded advisors and share the day-to-day challenges and wins of running a growing financial services firm.
‍
Meet
Ritik Malhotra
Ritik is Founder & CEO at Savvy Wealth. When trying to find a financial advisor that offered a tech-forward, modern experience after selling two startups in his 20s, Ritik was compelled to found Savvy when he was unable to find what he was looking for. Since then, Ritik has built an AI-driven technology platform and $700M+ AUM firm that not only simplifies advisors' day to day, but also reduces friction in client engagement.
