Altruist
Rising StarAll-in-one RIA platform with AI tools for modern financial advisors
Performance Scores
About This Tool
Altruist is rebuilding the financial advisor technology stack from scratch — replacing the outdated combination of Schwab/Fidelity custody, Orion portfolio reporting, and Salesforce CRM with a unified, AI-native platform at a fraction of the cost. RIAs using Altruist get commission-free trading, automated rebalancing, portfolio analytics, client reporting, and billing — tools that cost $15,000-$30,000/year per advisor at legacy providers — for significantly less. The AI portfolio construction tools allow advisors to build customized models, run tax-loss harvesting, and generate client-ready performance reports automatically. Altruist is to wealth management technology what Attio is to CRM: better, simpler, and dramatically cheaper.
Use Cases
- ✓Replace Schwab custody + Orion reporting with a unified platform
- ✓Run automatic tax-loss harvesting across all client accounts
- ✓Generate client performance reports automatically each quarter
- ✓Build custom model portfolios and apply them across accounts in minutes
Our Review
Altruist is a commission-free custodian and portfolio management platform built for RIAs, offering AI-powered portfolio construction, reporting, and client management.
Pricing
Pros
- All-in-one platform
- Dramatically cheaper than legacy stack
- Excellent support for RIAs
Cons
- RIA-only (not for individual investors)
- Newer platform
Key Features
Replaces These Legacy Tools
Best For
Independent RIAs wanting a modern all-in-one technology platform
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