Savvy Advisors (Savvy) added six wealth managers from Charles Schwab, Mariner Wealth Advisors and other firms, who have boosted the Savvy Wealth-affiliated RIA’s AUM to over $700 million, it said Thursday.
Joining Savvy Advisors are Brad Morgan, Alex Austin, Brian Boswell, Colin Farr, J. Nick McLaughlin and Michaela Sullivan.
Morgan joins Savvy from Mariner Wealth Advisors, where his team managed over $300 million in client assets. He specializes in serving current and former Procter & Gamble (P&G) employees and helping them navigate the complexities of the company’s unique compensation and retirement options, Savvy said.
Before becoming an advisor for Mariner, Morgan was a senior engineer at P&G, and comes from a multi-generational P&G family.
At Savvy, Morgan reunites with ex-Mariner colleague Nate Kunkel. The two of them have several years of experience in solving various tax, charitable, stock option, estate, income and investment planning needs of P&G employees, and will continue to focus on serving P&G executives and staff at Savvy.
Savvy will help enable “me to excel in guiding my clients through myriad complex financial decisions,” according to Morgan.
Savvy uses “artificial intelligence (AI) to automate tedious middle and back-office tasks, augment marketing and prospecting, and streamline traditionally manual, time-consuming processes,” it said.
As for the other new advisors at Savvy, Farr and Sullivan are based in Denver and join Savvy as a team after departing from Charles Schwab where both held the title of Vice President, Financial Consultant. Farr spent his past 14 years at Schwab, and Sullivan spent her entire nine-year career there.
Meanwhile, Austin has almost 20 years of experience in financial services. He recently relocated to Michigan and has moved his practice to Savvy after spending over three years as Financial Planner and Lead Advisor at Insight Wealth Strategies.
Austin, Texas-based Boswell, who previously worked at LPL Financial, Schwab and, most recently, Oakwell Private Wealth Management, has been an advisor for almost two decades. He serves a niche clientele of female physicians and business owners, and chose Savvy for its ability to help him better market his services to targeted prospects. He also plans to build out his retirement plan advisory business as he believes it is an underserved market for business owners who need help managing corporate 401(k) plans, according to the press release.
McLaughlin joined Savvy in search of opportunities to provide his clients with a more “tech-forward experience,” according to Savvy. With nearly 25 years of time spent in private wealth management, McLaughlin serves a client base that is largely made up of millennials and Gen Xers who are still building wealth.
Savvy added 12 advisors this year, ahead of the six new additions on Thursday that boosted the count to 18. The firm is actively recruiting advisors, it said.
“By continuing to grow our team of advisors, Savvy is increasing our opportunity to deliver an outstanding experience to clients nationwide,” according to Ritik Malhotra, CEO and Founder of Savvy Wealth.
“We take that challenge very seriously,” he said. “The growth of our RIA in just two years has been staggering. I’m energized by our ability to deploy AI technology and support services that independent advisors need to dramatically expand their businesses.”
Jeff Berman, Contributing Editor & Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.
