Altruist Launches Portfolio Marketplace Featuring Vanguard and Dimensional Fund Advisors Models

Platform creates one-stop-shop for portfolio management, brokerage services and portfolio accounting software

LOS ANGELES--(BUSINESS WIRE)--Altruist, a fully-integrated digital investment platform, announced the release of a new marketplace for financial advisors to use turnkey portfolios from leading asset managers. Advisors can build custom model portfolios on Altruist or assign models from providers in this new marketplace, initially featuring Vanguard and Dimensional Fund Advisors.

“Many outsourced portfolio management platforms are hard to use and expensive. We recognize the tremendous value we can offer by seamlessly integrating portfolio management from the top brands into our existing brokerage and portfolio accounting software,” said Jason Wenk, CEO of Altruist. “Advisors save time, compress costs and ultimately do more for their clients. This is a big step in making quality financial advice more accessible to more people. We’re excited to launch with Vanguard and Dimensional and will be adding many more of your favorite providers soon.”

By using Altruist, an advisor can dramatically or completely eliminate other disparate software and brokerage vendors. With the addition of this new marketplace, an advisor can open and fund accounts, invest, manage, report and bill all in one place. Under the new marketplace, advisors are expected to save anywhere from 60-90% compared to other currently available solutions.

“Advisors we work with have touted Altruist as a platform that can help their firms offer more efficient service and investment delivery,” said Bryce Skaff, Co-Head of Dimensional Global Client Group. “Investors benefit from additional industry participants offering low-cost, tax-efficient and highly-diversified investment solutions. We are excited that advisors working with Dimensional will have another option in their toolkit.”

As part of the marketplace launch, Altruist also released its own set of low-cost, tax-efficient and highly-diversified models, deemed the Simplicity Series.

“The Simplicity Series offers our advisors an easy-to-use and free set of models that have been carefully designed to reduce risk and maximize return potential,” said Altruist’s Quantitative Researcher, Gokul Ramanathan. “The goal of the Simplicity Series is to benefit from the liquid, broad market performance of diversified asset classes over a long investment horizon to avoid excessive taxes and fees. The Simplicity Series is a balanced approach that’s suitable for a wide array of investors.”

The company aims to be an affordable solution not only to emerging advisors who may not be able to afford high-cost software or don’t meet custodial minimums, but also a robust option for larger firms with multiple advisors. This new marketplace features options for advisors of all sizes.

Vanguard and Simplicity Series portfolios are available immediately to users and Dimensional Funds are available to approved advisors who apply on the platform.

To learn more about how Altruist is revolutionizing financial advisory services with technology, visit altruist.com.

ABOUT ALTRUIST

Altruist is a fintech company on a mission to make financial advice better, more affordable, and more accessible to everyone. Their next-generation digital suite, built for independent financial advisors and their clients, combines software to manage an investment portfolio with a powerful brokerage platform to invest. This helps streamline operations and frees up time, so advisors can focus on serving their clients even better. And with fractional share trading, investors gain access to high-quality assets no matter their portfolio size.

The way money should feel. Learn more at altruist.com and follow Altruist on Twitter @altruistcorp.