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Ritik Malhotra

5 articles

Articles tagged "Ritik Malhotra"

Ritik Malhotra: We're up 4-x this past year to $9 billion in assets under management, with another $5 billion in recruited assets on the way.

Sep 18, 2026

Ritik Malhotra sells not-for-sale Savvy stake for $100 million after Utah Jazz owner showed up big for his LPL-disruption-by-AI play -- and Mark Casady re-upped at the new price as well

Ryan Smith, Ryan Sweeney and Halo invested at a valuation 560% more than Savvy's B round 15 months ago, enticed by some wins, an artificial intelligence tailwind and the former LPL CEO on speed-dial.

Ritik Malhotra: We've heard from a lot of advisors that this news was sprung on them.

Jul 21, 2026

LPL gets blasted by upstart co-founder for its Commonwealth staff slash as its CEO Wayne Bloom expresses 'melancholy' over the cuts but stands by sale to LPL -- 'sustainability' is paramount, he says

Savvy's Ritik Malhotra makes overture to legacy CW advisors by citing pink-slipped staff 'who made it feel like Commonwealth' and pitching his company's intimate service atmosphere.

Ritik Malhotra: Importantly, we are not buying RIAs; we grow by recruiting owner-operator advisors.

Jul 3, 2025

Savvy pushes rewritten model with $72-million raise, but taps Mark Casady's playbook for scaling -- something an RIA-centric 'platform' has never achieved at nearly an LPL Financial level

The New York City startup is promising the moon with AI, but Cerulli questions its scalability, and the former LPL CEO knows the scale game.

John Khoury: While I was at Schwab... much of the investment management was built to scale or handled by third parties.

Dec 4, 2023

Charles Schwab & Co. broker with $1 billion book breaks away 'amicably'

John Khoury spent 14 years in Schwab Chestnut Hill and Framingham branches; he will only keep his assets at Schwab

Michael Most: I feel the possibilities are endless.

Oct 28, 2023

Shorts: Why Savvy Wealth is calling an $80-million LPL poach a 'monumental' milestone • Vanguard cleans up legal matters, settles two suits, loses third • Groupthink comes to RIA biz as firms, one after another, cut staff

Savvy hopes one will trigger a recruiting rally • Vanguard might just be in a settling mood, ends two long-running suits • At least five major RIA industry players are applying a 5% rule ... to cut staff

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Ritik Malhotra

Articles tagged "Ritik Malhotra"

Ritik Malhotra sells not-for-sale Savvy stake for $100 million after Utah Jazz owner showed up big for his LPL-disruption-by-AI play -- and Mark Casady re-upped at the new price as well

LPL gets blasted by upstart co-founder for its Commonwealth staff slash as its CEO Wayne Bloom expresses 'melancholy' over the cuts but stands by sale to LPL -- 'sustainability' is paramount, he says

Savvy pushes rewritten model with $72-million raise, but taps Mark Casady's playbook for scaling -- something an RIA-centric 'platform' has never achieved at nearly an LPL Financial level

Charles Schwab & Co. broker with $1 billion book breaks away 'amicably'

Shorts: Why Savvy Wealth is calling an $80-million LPL poach a 'monumental' milestone • Vanguard cleans up legal matters, settles two suits, loses third • Groupthink comes to RIA biz as firms, one after another, cut staff

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