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Altruist Ends Portfolio Software program Payment for Advisors


Due to this fact, switching to Altruist may imply “tens of hundreds” of {dollars} in financial savings for advisors who change to the agency, it mentioned.

In the meantime, for advisors utilizing non-Altruist accounts, “nothing is altering,” Altruist mentioned. “They may proceed to get their first 100 linked accounts totally free, and stay topic to a $1 per account monthly payment thereafter.”

In a weblog publish, Jason Wenk, Altruist CEO, mentioned: “We try to assist RIAs develop quicker, cut back prices, streamline operations, and elevate the shopper expertise. The broader implication of those outcomes are clear: when high quality monetary recommendation turns into accessible to a wider viewers, extra folks could make higher selections with their cash. This fosters higher outcomes and better monetary confidence for people, households, companies, and the financial system.”

Altruist’s resolution to get rid of the accounting software program charges on Altruist brokerage accounts comes because the agency launches new portfolio reporting options and enhancements, together with holdings degree analytics, extra rebalance insights, enhanced dividend reporting and a money readability tooltip, he added.

Pictured: Altruist CEO Jason Wenk

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