Grow your clients' cash with

No minimums. No transfer volume limits. Just more cash for your clients. 

Altruist Financial LLC is not a bank.
APY is variable and subject to change.

1. The national average interest rate for savings accounts as posted on FDIC.gov, as of December 16, 2024.

Get going fast
Easily start using Altruist Cash with a streamlined account setup. 

Grow client cash
Show your clients a value they can't ignore, with 4.00% APY - that's 9x the national average¹.

Click to access
Clients can access their funds with just a few clicks, ensuring same-day liquidity whenever they need it.

Unlock big benefits
Unlimited transfers, zero minimums, easy ACH linking, no annual fees.

Other fees may apply. See our fee schedule on altruist.com/legal.

Seamless cash management for every RIA. 

Altruist Cash is designed to maximize your clients' cash without having to change your investment strategy. Start putting your clients' cash to work, today. 

Access to FDIC insurance via our partner banks.

Easy digital onboarding and back-office automation.

No minimum balances or annual fees. 

Other fees may apply. Please see the Altruist Financial LLC Fee Schedule on altruist.com/legal to learn more.

Let us tell
you all about it.

Watch a video replay with Adam Grealish, Head of Investments, for a deep dive into Altruist Cash. 

Looking for information to pass along to your clients?

Download our email template and cash product comparison chart to kickstart a conversation.

Want to learn more about Altruist?

Let us show you how a modern custodian can help your RIA streamline operations, slash overhead, and exceed client expectations.

Frequently Asked Questions

Do my clients need an existing relationship with Altruist to open an Altruist Cash account?

Absolutely not. You can open an Altruist Cash account for your client as their first–and only–account type on Altruist and earn the same 4.00% APY as everyone else.

No, you never need to move your accounts to Altruist to access Altruist Cash and its 4.00% APY for your clients.

Will I eventually need to move all of my accounts to Altruist?  

Are there any limits on transfers or withdrawals?

There are no limits to how many transfers clients can schedule on Altruist Cash.

Can my clients withdraw cash directly from their Altruist Cash accounts?

Yes, clients gain full control over their funds upon opening an Altruist Cash account. They can easily link a bank account for ACH deposits and withdrawals through the Client Portal on a desktop or via the Altruist mobile application, ensuring access to their funds wherever they are.

1. The national average interest rate for savings accounts as posted on FDIC.gov, as of December 16, 2024. 

The Annual Percentage Yield (“APY”) for the Altruist Cash accounts (“Altruist Cash”) is variable and may change at any time. The amount of interest you will receive on your deposits will vary based on a number of factors. Accrued interest is paid on the last business day of the month directly into the Altruist Cash account. View our disclosures to learn more.

Altruist Cash is offered through a separate account at Altruist Financial LLC (“Altruist Financial”) that is opened solely for participation in Altruist Cash. Neither Altruist Financial nor any of its affiliates are banks. Altruist Financial deposits cash in the Altruist Cash account  with one or more banks ("Program Banks" see the Altruist Financial LLC Participating Bank List on altruist.com/legal for list) that accept and maintain such deposits. Through Altruist Cash, clients' cash is deposited into Program Banks where the cash earns a variable interest rate and is eligible for FDIC insurance. Cash is not eligible for FDIC insurance until the cash is deposited at the Program Banks. Cash in the Altruist Cash account that is awaiting to be deposited in, and cash in transit to or from, Program Banks, may not be eligible for coverage under SIPC. SIPC coverage does not apply to cash deposited with Program Banks. FDIC insurance is limited to $250,000 per depositor, per FDIC-insured bank, per ownership category and is subject to conditions. More information can be found in the Altruist Cash Disclosure Statement and the Altruist Financial LLC Participating Bank List, both available on altruist.com/legal. FDIC coverage can be impacted by several things, including but not limited to deposit capacity at a Program Bank and/or if a client holds cash at a Program Bank, including through this or additional sweep programs. Clients are responsible for monitoring their total assets at each of the Program Banks, whether through Altruist Financial accounts or accounts with other financial intermediaries, to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. For more information on FDIC insurance coverage, please visit FDIC.gov. 

Deposits to Altruist Cash will be deposited with Program Banks on the following business day. Cash deposited via ACH or Check may take three (3) or more business days for the funds to become available for deposit. Customers can initiate withdrawals at any time from the Altruist Cash account. View our disclosures to learn more.

Clients should carefully review the information provided on altruist.com/legal to determine whether Altruist Cash is an appropriate product for their specific financial needs. Retail clients must work with a Registered Investment Advisor to open an Altruist Cash account. Securities trading is not possible in the Altruist Cash account.

Altruist Corp (“Altruist”) offers technology and tools designed to help financial advisors achieve better outcomes. Advisory and certain other services are provided by Altruist LLC, an SEC-registered investment adviser, and brokerage related products and services are provided by Altruist Financial LLC, a member of FINRA/SIPC. Commission-free trading means $0 commission trades placed in brokerage accounts via web or mobile devices. Other fees may still apply. Please see the Altruist Financial Fee Schedule to learn more.

By using this website, you understand the information being presented is provided for informational purposes only and agree to our Terms of Use and Privacy Policy. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Additionally, Altruist or its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance. Clearing and custody of securities provided by Altruist Financial LLC.

 
Check the background of Altruist Financial LLC on FINRA’s BrokerCheck.

Get going fast
Easily start using Altruist Cash with a streamlined account setup. 

Grow client cash
Show your clients a value they can't ignore, with 4.00% APY - that's 9x the national average.¹

Click to access
Clients can access their funds with just a few clicks, ensuring same-day liquidity whenever they need it.

Unlock big benefits
Unlimited transfers, zero minimums, easy ACH linking, no annual fees.

Access to FDIC Insurance via our partner banks

Easy digital onboarding and back-office automation.

Other fees may apply. Please see the Altruist Financial LLC Fee Schedule on altruist.com/legal to learn more.

Other fees may apply. See our Fee Schedule on altruist.com/legal

No minimum balances or annual fees.