Altruist
The modern custodian for RIAs.
Overview
Altruist is building a modern alternative to the legacy custodians for Registered Investment Advisors (RIAs). The platform combines a fully-featured custodian with a suite of integrated software for advisors, including portfolio management, trading, rebalancing, billing, and a client portal. By building everything in one place, Altruist aims to reduce costs, improve efficiency, and create a better experience for both advisors and their clients.
✨ Key Features
- Digital-first custodian
- Integrated portfolio management and reporting
- Commission-free trading
- Automated rebalancing
- Fractional shares
- Digital account opening
🎯 Key Differentiators
- All-in-one, vertically integrated platform (custody + software)
- Modern, user-friendly technology
- Low-cost, transparent pricing model
Unique Value: Dramatically simplifies an advisor's tech stack and reduces costs by combining custody and essential software into one seamless, modern platform.
🎯 Use Cases (3)
✅ Best For
- Providing a modern, low-cost, and integrated platform for independent RIAs to run their business.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Large broker-dealers with complex legacy systems
- Advisors who are not fiduciaries
🏆 Alternatives
Offers a more integrated and cost-effective solution than the traditional model of using a separate custodian and multiple third-party software vendors.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (All tier)
🔒 Compliance & Security
💰 Pricing
Free tier: Free for advisors who custody with Altruist.
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