Savvy Wealth, the New York registered investment adviser for independent advisers, launched a proprietary private markets program on 29 October 2026, built with Allocate, starting with venture and growth managers and reached through a single commitment, according to the Savvy Wealth announcement. The release limits the program to qualified purchasers without saying what that means; Fintechbits checked the Investment Company Act, which defines an individual qualified purchaser as someone owning at least $5 million in investments. Later vintages are expected to add private equity, income and infrastructure.

Fintechbits analysis

Why Savvy wants it

Savvy raised a $100 million Series C at a $600 million valuation in September, as Fintechbits reported, on a pitch to advisers who want independence without selling to a roll-up. Chief investment officer Anshul Sharma said clients are “asking their advisors” about private companies. Schwab’s survey on the same day found 37% of RIAs offer private markets, so access is becoming a recruiting tool. Schwab also invested in AI wealth platform Nevis this month, as Fintechbits reported.