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What is the size of Savvy's addressable market for $1-20M HNW clients out of $90 trillion global wealth management AUM?

Ritik Malhotra

Co-founder & CEO at Savvy

The way we look at it is how much revenue is generated on a yearly basis in wealth management fees and commissions in the United States specifically. (The U.S. is our primary focus). We estimate ~$545B in revenue was generated in 2020 in the U.S. Of that, how much is attributable to the $1M to $20M net worth range versus the lower or higher end of the market? We estimate that it's roughly about 50%. This is the 50% that we’re really going after. 

Find this answer in Ritik Malhotra, CEO of Savvy, on the rise of tech-enabled wealth management
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