Savvly

Savvly is a Boulder, Colorado financial technology company that operates what it calls the Longevity Benefit: a pooled investment structure in which participant contributions are invested in low-cost S&P 500 index ETFs managed by Vanguard and Fidelity, with assets held in custody at U.S. Bank. Participants receive structured cash payouts at milestone ages of 80, 85, 90 and 95. The distinguishing mechanism is reallocation: when investors exit the fund early or do not live to a payout date, their uncollected growth is reallocated to investors who remain, which can increase payouts for those still in the pool. The company states the product is an SEC-registered investment fund and a capital markets structure rather than insurance or an annuity, with no health screening or eligibility restrictions.

The structure has evolved over time. In earlier coverage, Savvly offered pooled equity index fund investing through a limited partnership available only to accredited investors, with client assets placed in Vanguard's S&P 500 ETF (VOO) and a client-specified payout age; if a client died before the payout date, the estate received the initial investment while remaining profits were reallocated to the pool. The company described plans to expand to retail investors and to work with RIAs and 401(k) plans. On 2025-01-23 Savvly filed a Form N-2 registration statement with the SEC for Savvly Fund #3, a recently organized, diversified, closed-end investment company managed by Savvly Advisor, LLC, a wholly owned subsidiary of Savvly, Inc. Under that filing, shares are not exchange-listed, are non-transferable, are subject to redemption restrictions with a significant early withdrawal penalty, the fund does not accept new investors over age 75, and there is a stated maximum investment of $300,000 per investor (waivable by the fund).

Savvly distributes the product through employers, benefit brokers and financial advisors. For employers, it integrates with payroll providers including ADP, Rippling and Gusto, states an implementation time of under a week, and supports employer contributions from as little as $10 per employee per month. The benefit is portable when an employee leaves, and early withdrawal value is calculated as 75% of the contribution plus 1% for each year held, capped at 100%, applied to the lesser of the original investment (excluding sales load) or current market value of the common shares, per remaining scheduled payout.

Founding story

Savvly was founded in 2022 in Boulder, Colorado, on the premise that Social Security, 401(k)s, IRAs and annuities were designed for shorter life expectancies and do not cover the final decades of long lives. Co-founder and CEO Dario Fusato, who previously worked at McKinsey, Aon and Arthur J. Gallagher, spent years designing the structure that became Savvly after observing the longevity gap in retirement infrastructure.

Business model

Savvly pools individual contributions into an SEC-registered fund invested in low-cost S&P 500 index ETFs, with assets custodied at U.S. Bank and the fund managed by Savvly Advisor, LLC, a wholly owned subsidiary of Savvly, Inc. Value for long-lived participants comes from market growth plus the reallocation of uncollected gains from investors who exit early or do not reach a payout date, distributed as scheduled cash payouts at ages 80, 85, 90 and 95. Access is sold through employers as a payroll-integrated workplace benefit, through benefit brokers, and through RIAs and financial advisors who may use it as roughly a 10% portfolio allocation.

Traction

The June 2025 launch announcement cited strong early interest from employers across industries. A company-profile listing dated March 2026 reports 30 employees and describes partnerships with Gallagher, the AARP AgeTech Collaborative and Techstars. Specific customer counts, assets under management or revenue figures are not disclosed in available material.

Latest developments

Savvly filed a Form N-2 registration statement for Savvly Fund #3 with the SEC on 2025-01-23 and announced its employer longevity benefit platform on 2025-06-17. A March 2026 funding roundup listing reports a $20,000 raise directed at the technology platform and employer outreach. The company's website references a 2026 SEC order and publishes machine-readable documentation for AI agents.