Altruist
Founded Year
2018Stage
Series E | AliveTotal Raised
$449.5MValuation
$0000Last Raised
$169M | 5 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+4 points in the past 30 days
About Altruist
Altruist operates as a custodian that provides technology solutions for independent financial advisors within the financial services industry. The company offers a suite of products that facilitate digital account management, portfolio management, trading, reporting, and billing to streamline the operations of Registered investment advisors (RIAs). Its platform is designed to support RIAs in improving their client experience, improving operational efficiency, and growing their businesses. It was founded in 2018 and is based in Culver City, California.
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ESPs containing Altruist
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The automatic portfolio rebalancing software market provides investment management solutions that automatically adjust portfolio holdings to maintain target asset allocations to financial advisors at wealth management firms. This market is driven by factors such as the increasing adoption of automated investment platforms by financial advisors and wealth management home offices, the growing demand…
Altruist named as Highflier among 11 other companies, including SEI Investments, SS&C Technologies, and Envestnet.
Altruist's Products & Differentiators
Altruist
Altruist fully integrates brokerage services and essential portfolio management software (including its Model Marketplace - https://bit.ly/36H0ZxO) into a single platform, empowering financial advisors to run their business 100% digitally while radically lowering costs, growing faster, eliminating paperwork and supporting their clients seamlessly.
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Research containing Altruist
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Altruist in 3 CB Insights research briefs, most recently on Aug 23, 2024.
Expert Collections containing Altruist
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Altruist is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Wealth Tech
2,528 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
9,294 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
100 items
Altruist Patents
Altruist has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/23/2023 | Application |
Application Date | 3/23/2023 |
|---|---|
Grant Date | |
Title | |
Related Topics | |
Status | Application |
Latest Altruist News
Aug 9, 2024
The Culver City, Calif. custodian called a town hall after negotiations with Pershing fell flat and gamely admits this was not the 'original intent' Author Lisa Shidler August 7, 2024 at 4:45 AM 0 Comments
Altruist Frequently Asked Questions (FAQ)
When was Altruist founded?
Altruist was founded in 2018.
Where is Altruist's headquarters?
Altruist's headquarters is located at 3030 South La Cienega, Culver City.
What is Altruist's latest funding round?
Altruist's latest funding round is Series E.
How much did Altruist raise?
Altruist raised a total of $449.5M.
Who are the investors of Altruist?
Investors of Altruist include Adams Street Partners, Sound Ventures, Granite Capital Management, ICONIQ Growth, Insight Partners and 10 more.
Who are Altruist's competitors?
Competitors of Altruist include Betterment and 3 more.
What products does Altruist offer?
Altruist's products include Altruist.
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Compare Altruist to Competitors
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Tradier operates as a financial technology company. The company offers a customizable trading platform with enhanced trading features and capabilities, providing tools for investing and trading in stocks, options, and cryptocurrencies. It primarily serves platform providers, developers, digital advisors, registered investment advisors, and registered broker-dealers. It was founded in 2012 and is based in Charlotte, North Carolina.
Domain Money specializes in comprehensive financial planning and investment advisory services within the financial sector. The company offers a range of services including financial wellness, investment analysis, retirement and estate planning, as well as guidance on family planning, real estate, education funding, insurance, tax strategies, and equity compensation. Domain Money caters to individuals seeking personalized financial advice and strategies tailored to their unique life goals. It was founded in 2021 and is based in New York, New York.
Wedbush Securities operates as a financial services company and specializes in wealth management, brokerage, and investment banking. The company offers various wealth management products and financial services such as financial planning, retirement planning, investment solutions, and a mobile app for client engagement. It also provides global clearing and execution services across all asset classes for various financial entities. The company was founded in 1955 and is based in Los Angeles, California.
WealthKernel focuses on digital investing in the fintech industry. It offers services such as portfolio management, trading, custody of assets, user onboarding, and payments, all powered by its API. Its customers are fintech startups, established businesses, and wealth managers. It was founded in 2015 and is based in London, United Kingdom.
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