Savvy Wealth, an AI-native registered investment advisor (RIA) for independent financial advisors, announced the launch of a proprietary private markets program for advisors on its platform. The multi-vintage program will open access to a variety of asset classes with an initial focus on a select group of venture and growth managers typically beyond the reach of everyday investors. Advisors on Savvy’s platform will be able to bring qualified-purchaser clients into these pre-IPO investments through a single commitment.
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Companies are staying private longer than ever. Private companies now far outnumber public ones among U.S. businesses with more than $100 million in revenue1, so much of their growth now happens before an IPO, if one happens at all. A portfolio built only on public markets misses that opportunity. And the funds that invest in private companies are often hard to access, with high minimums and more investor demand than they can take on.
“The best opportunities in private markets have historically been reserved for institutions and the ultra-wealthy,” said Anshul Sharma, Chief Investment Officer of Savvy Wealth. “Clients read about private companies valued in the tens of billions that they’ve never had a chance to own, and they’re asking their advisors about it. This program lets our advisors deliver that access, with rigorous manager selection and due diligence built in.”
8 billion private markets technology platform that works with more than 400 advisor firms, to build the private markets program.
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