Altruist is becoming a
self-clearing custodian.

As we approach our conversion, we will ensure that advisors and clients are up-to-date on all relevant information.

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What can you expect?

Like much of Altruist’s functionality, the process will be digital, easy, and non-disruptive to clients and advisors. First and foremost: there’s no repapering!

Starting in December, clients will be able to acknowledge a new account agreement via the Altruist app or desktop portal. The conversion will occur in February, over a weekend. We’ll send periodic reminders to ensure that new agreements are completed within 60 days post conversion.

Why become a custodian?

Launch new services and features to
RIAs on accelerated timelines

altruist mobile

Take full ownership of the customer support model

chat-graphic-clearing

Deliver enhancements that would otherwise be unavailable through legacy alternatives

chat-graphic-clearing

February

2/27: DTCC approval obtained

March

3/10: Advisor Notification Sent
3/20: Clients receive Negative Consent Letter
3/24: Advisor Acknowledgement is Live
3/31: Client Acknowledgement is Live

April

4/21: Conversion

What can advisors do right now?

  1. Download the Advisor Transition Kit. Get everything you need to know about the transition — timelines, resources, milestones, client communication templates — in a snackable pdf.
  2. Register for the upcoming webinar with Jason Wenk, CEO and Founder of Altruist on March 29th at 10am pst. Join us for a discussion on our decision to go self-clearing, areas where we’re innovating for RIAs, and a preview of what the next few months will look like.
  3. Review the FAQs below — see FAQs for both clients and advisors.
advisors office with a client

New to Altruist?

Altruist helps RIAs grow faster, streamline operations, and improve client experiences with a suite of tools that are digital, flexible and automated — all at an unparalleled price point.
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Frequently asked questions

About the Conversion

Account Access and Action Items

Products and Services

Investments and Fees

Money and Transfers

Statements and Taxes