Altruist is a digital investment platform that provides Registered Investment Advisors (RIAs) with automated account opening, funding, reporting, and billing, all within a single interface. By eliminating manual administrative tasks and reducing reliance on costly third-party asset management platforms, Altruist enables advisors to enhance client service and improve operational efficiency.
Funding
$457.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Registered Investment Advisors (RIAs) often face challenges with fragmented technology stacks, manual administrative tasks, and high costs associated with third-party asset management platforms. These inefficiencies can limit their ability to scale, serve clients effectively, and maintain profitability.
Solution
Altruist provides a vertically-integrated, digital investment platform designed to streamline operations for RIAs and improve client outcomes. The platform consolidates essential functions such as digital account opening and funding, native billing and reporting, and commission-free fractional share trading into a single interface. By automating administrative tasks and reducing reliance on external platforms, Altruist enables advisors to enhance client service, improve operational efficiency, and focus on strategic growth initiatives. The platform also offers access to live chat support, ensuring advisors receive timely assistance from experts.
Target Audience
Altruist primarily targets Registered Investment Advisors (RIAs) of all sizes seeking to streamline their operations, reduce costs, and improve client service through an integrated technology platform.
Features
- Digital account opening and funding processes
- Native billing and reporting functionalities
- Commission-free fractional share trading
- Access to a model marketplace and automated rebalancer
- Live chat support from customer service agents
- Streamlined interface for managing client accounts
- Digital ACATs for fast and efficient account transfers