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