Altruist

Who is Altruist?

As a modern financial custodian, we are responsible for safekeeping client assets, settling trades, and – just like Pershing, Charles Schwab, and Fidelity – adhering to a strict set of policy and regulatory requirements.

With Altruist, your advisor can fund your investment accounts in minutes. Track your investment progress, view your portfolio’s holdings, manage your cash account, and download statements, tax documents, and other essential information in as little as a few clicks. It’s easy, simple, and intuitive.

“What I appreciate about the user interface is how clean it is... No distractions, no anxiety, so that I can stay focused on my goal right till the very end. That's what I love about the Altruist platform.”

—Beck Bode LLC client & Altruist user

These testimonials were given by current clients or investors. Neither Altruist nor its affiliates paid for these testimonials, but we do earn revenue from financial advisors who use our software, from assets invested through our broker-dealer (Altruist Financial LLC) and assets invested in models made available by our registered investment adviser (Altruist LLC). For more details on program compensation and benefits and related conflicts of interest, please visit altruist.com/RIA-testimonial. For additional information about the promoting advisors’ conflicts of interest when expressing their views about Altruist or Altruist’s affiliates, please see the promoting advisors’ advisory program brochures, available at https://adviserinfo.sec.gov/. These testimonials may not represent the experience of others and are not a guarantee of results. Some account types may not yet be available, processing times may vary.

Simple user interface

The Altruist Client app provides an easy-to-follow experience that helps you stay connected with your advisor and puts account information right at your fingertips.

Fast, paperless onboarding

With the ability to open and fund accounts digitally, you can complete everything online, allowing your advisor to focus more on helping you reach your financial goals.

Extensive data protection

We secure Personal Identifiable Information and API data with end-to-end encryption, hash passwords, enterprise decryption key management, and web application firewalls. Learn more here.

Comprehensive coverage

Altruist has arranged for an excess SIPC insurance policy through our partner banks, which covers investments up to a firm aggregate of $150m (note: this does not cover market losses). We also offer extended FDIC coverage of up to $1 million ($250,000 per depositor, per insured bank) for accounts participating in our bank sweep program.¹

Monitor your performance

Easily monitor the performance of your accounts directly in the app, with user-friendly charts and breakdowns. Stay on top of key activities like transfers, deposits, withdrawals, and other important transactions all in one app.

Grow your idle cash

Earn 4.30% APY² (10x the national average³ ) on your idle cash with Altruist Cash. You can access and manage your cash account, without the need to go through your advisor first.

Additional information regarding Altruist's excess SIPC insurance policy can be located in the Security and Insurance Disclosures on altruist.com/legal. Excess FDIC coverage information for Altruist Cash accounts participating in the bank sweep program can be located in the Altruist Bank Sweep Program Disclosure Statement on altruist.com/legal.
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.
The national average interest rate for savings accounts as posted on FDIC.gov, as of September 18, 2024.