**About Savvy**
Wealth management is a massive industry in the US ($545 billion annual
revenue) but remains an archaic and inefficient industry with low technology
penetration. 75% of wealth managers do not offer any digital communication
beyond emails and 62% of them conduct financial planning manually (for
example, in Excel). This results in a poor client experience and a low ceiling
on the number of clients a wealth manager can support.
Savvy is a technology driven wealth management firm with an emphasis on
building software to drive automation and efficiency for wealth managers so
they can focus on what truly matters — quality time with clients. We are
able to grow rapidly by acquiring traditional wealth management firms and
supercharging them with our software to make them dramatically more efficient
and support more clients without adding additional headcount.
We are a team of former founders and operators who have started and sold two
companies and bring over two decades of experience from Brex, Facebook,
Airbnb, and Box.
We are backed by top-tier VC firms based in Silicon Valley and New York City
and a panel of A-list executives from the wealth management industry.
**The Role**
The Principal Wealth Manager role at Savvy is a critical role that will be
foundational in shaping how the future of the wealth management industry looks
from a fintech lens. In this high-impact role, you will operate in a very
dynamic environment as an active wealth manager with clients where you will be
responsible for developing and managing high net worth client relationships
and portfolios as well as cultivating sources of qualified high net worth
prospective clients. You will also work closely with the Product Development
and M&A teams to shape the future roadmap of Savvy’s advisor technology
platform, vet and convince other top wealth managers to join Savvy, and train
new staff.
**What You 'll Do**
• Develop new client relationships and support Business Development efforts.
• Gather client data, both quantitative and qualitative, and work with clients
in understanding and defining their financial planning and investment needs
and objectives.
• Review and analyze a client’s current financial situation and be able to
advise on investment strategy, tax planning, retirement planning, estate
planning, stock options, charitable giving strategies, insurance and risk
management, and more.
• Identify potential issues the client may have, explain financial planning
concepts, clarify client goals, and prepare financial plans.
• Design long-term investment strategy and appropriate asset allocation with
clients, as well as implement and monitor investment portfolios and asset
allocations.
• Work with third-party service providers across tax, trust & estate, and
insurance specialties and guide clients on leveraging each third-party
effectively and at the right time.
• Advise the Product Development team on your or your clients’ pain points in
effectively getting things done in order to build the best technology platform
tailored to your needs.
• Support the M&A team in Business Development efforts when sourcing,
pitching, and closing other prospective advisors on joining the Savvy
platform.
**What We 're Seeking**
**Must Have**
• 10+ years of investment advisory experience
• An existing client book of business that you actively advise today
• Certified to work as an Investment Adviser Representative (Series 65, Series
7 + 66, or equivalent)
• Excited by more ownership and the opportunity to have a meaningful impact
• Excited to work in the Fintech industry
• Thrive in a demanding, fast-paced environment while handling several
deadlines simultaneously
**Nice to have**
• Past professional experience at a technology company
• BS or MS in an analytical or technical degree
• Experience working with clients whose assets are in excess of $1 million
• Depth of knowledge in at least one key area of financial planning
• Experience working with financial planning software
• Excellent organizational, analytical, critical thinking, communication and
social skills, a proactive approach to problem solving, and take immediate
ownership of your work allowing you to think big, adapt quickly, and act fast
**Benefits We Provide**
• Competitive salary and equity package
• 100% employer covered, best in class medical, dental, and vision plans
• Company HSA contribution ($900/year)
• Unlimited PTO + paid company holidays
• Company 401(k), Commuter, and FSA plans
• NYC office with breathtaking views in the heart of Manhattan
• Relocation support (if you want to join us in NYC)
• Life and disability insurance
• Lunch, dinner, and snacks provided in the office ($10,400/year)
• Gym reimbursement ($400/year)
• Free virtual medical and mental health care ($550/year)
• Free access to OneMedical ($199/year)
Savvy Wealth focuses on Financial Services, Finance Technology, Wealth
Management, and Fin Tech. Their company has offices in New York City. They
have a mid-size team that's between 51-200 employees. To date, Savvy Wealth
has raised $11M of funding; their latest round was closed on November 2022.
You can view their website at <https://www.savvywealth.com/> or find them on
[Twitter](https://twitter.com/savvywealthinc) and
[LinkedIn](https://www.linkedin.com/company/savvywealth/).