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Altruist

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Luminaries 2025

Clearing & Custodial Firms: Custodial Platforms

Luminaries 2025 Impact Statement

Altruist has fundamentally disrupted the RIA custody space with the introduction of the industry’s only vertically integrated, self-clearing custodial platform. Unlike legacy providers operating with fragmented systems and outdated infrastructure, Altruist delivers a unified solution that combines custody, clearing, and advisor technology in one seamless ecosystem. This approach has eliminated the inefficiencies, high costs, and manual processes long associated with traditional custodianship. Altruist has also introduced radically new pricing, waiving portfolio accounting fees for custody clients and offering a model marketplace that is three times more affordable than the average TAMP. Recent innovations, including real-time trading integrations, automated tax optimization tools and AI-driven efficiencies.