Altruist Adds Alternative Assets, Margin, Options, and Faster Money Movement to Platform

Advisors can now offer private market access and sophisticated investment strategies to more clients – all within a single, fully digital experience.

LOS ANGELES--(BUSINESS WIRE)--Altruist, the tech-forward wealth platform built for independent advisors, is expanding its platform to offer alternative assets, along with margin, options, and faster money movement. The new capabilities allow advisors to provide more clients access to strategies once reserved for the largest investors.

Altruist’s alternatives marketplace at launch includes strategies across private equity, real estate, and infrastructure from Blackstone, J.P. Morgan Asset Management, KKR, and Pantheon. Unlike with legacy alternative asset platforms, which often require manual paperwork and coordinating different portals, advisors on Altruist can prepare and send clients documents for review and signature, and manage reporting and billing—all without leaving the platform. This will enable advisors to win clients and grow their practice.

“Advisors are competing for clients who want access to private markets, more personalized strategies, and flexible ways to manage liquidity,” said Jason Wenk, founder and CEO of Altruist. “Until now, delivering that access often meant working across multiple systems and inefficient workflows. We’ve built these capabilities directly into the Altruist platform so advisors can run their best practice in one streamlined experience.”

Advisors have already noted the operational shift with the new Altruist features. “Alts are now simple because of Altruist. What used to take hours takes minutes. And it finally makes sense to bring alts to more of our clients,” said Aaron Cirksena, founder and CEO of MDRN Capital.*

Alternative strategy data on Altruist flows directly into client portfolios, and clients can see them right alongside their traditional assets and investments. Furthermore, Altruist charges no custody fees for partner funds at launch.

Later this year, the platform will also introduce margin loans for liquidity, options for income generation, and expanded money movement capabilities, including direct deposit, physical checkbooks, and third party digital check distributions.

About Altruist

Altruist is the tech-forward wealth platform for advisors, offering a fully integrated digital experience that makes managing investments and serving clients simpler and more affordable. Altruist combines a self-clearing brokerage firm with intuitive software for account opening, trading, portfolio management, billing, and reporting. With Altruist, financial advisors can create custom portfolios, trade fractional shares, automate rebalancing, and provide clients with a sleek web and mobile app experience. Learn more at altruist.com.

*This testimonial was given by a current client. Neither Altruist nor its affiliates paid for this testimonial, but we do earn revenue from financial advisors who use our software. This testimonial may not represent the experience of others and is not a guarantee of results. For more details, visit altruist.com/RIA-testimonial.