Trends with Benefits #109: Modernizing Financial Advice with Ritik Malhotra
09 November 2023
Listen Time 30:55 MIN
I am joined by Ritik Malhotra, co-founder and CEO of Savvy Wealth. Ritik talks about being an entrepreneur and how the successful exit of his first two companies led him to start his third. After receiving a financial windfall from these acquisitions, Ritik struggled to find a financial advisor that was well-matched for him, so he co-founded Savvy Wealth to better meet clients’ needs through technology. We discuss what helps financial advisors stand out in their practices, the importance of qualitative and quantitative traits in advising, and how to incorporate artificial intelligence. Additionally, we chat about direct indexing and its relationship to ETFs.
02:33 Ritik’s background
04:05 Starting Savvy Wealth
10:23 How financial advisors can stand out in their practices
14:19 Savvy Wealth’s solutions
16:40 Incorporating AI in wealth management
21:20 What attracts advisors to Savvy Wealth
23:35 Direct indexing
27:48 Long-term trend
29:12 Trend or Fad
Trend or Fad
Listen for Ritik’s take on cryptocurrencies, electric vehicles, and psychedelic therapy.
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