Altruist

Altruist

An all-in-one platform that helps your financial advisor give you a delightful experience with your money. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD201920202021
Revenues4.4m14.2m48.8m
% growth-223 %244 %
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DateInvestorsAmountRound

$8.5m

Series A

N/A

Early VC

$50.0m

Series B
*

$110m

Series C
*

$112m

Series D
*

$169m

Valuation: $1.5b

Series E
Total FundingAUD695m

Recent News about Altruist

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More about Altruistinfo icon
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Altruist.com is a tech-focused startup that provides a platform for Registered Investment Advisors (RIAs) to streamline their operations and enhance their client experience. The company operates in the financial services market, specifically targeting RIAs of all sizes and scales.

The core offering of Altruist is a simplified tech stack that enables RIAs to manage their business more efficiently. This includes features such as live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer. These tools allow RIAs to serve more clients at a lower cost, thereby improving their profit margins.

Altruist also offers a fast onboarding process and immediate access to relevant investment management information. This is complemented by original content from Altruist, which provides insightful and actionable information for independent financial advisors.

The company's business model is based on providing these services for free, with the aim of attracting a large user base of RIAs. The company then monetizes through a vertically-integrated custodian service, which helps RIAs streamline their operations and reduce overhead costs.

In summary, Altruist.com is a tech startup that provides a comprehensive suite of tools and services to help RIAs grow their business and improve their client experience.

Keywords: Tech Startup, Registered Investment Advisors, Financial Services, Simplified Tech Stack, Live Chat Support, Commission-Free Trading, Model Marketplace, Automated Rebalancer, Vertically-Integrated Custodian, Original Content.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Altruist

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Shareholders Service Group
ACQUISITION by Altruist Mar 2023