LOS ANGELES, July 7, 2021 /PRNewswire/ -- Altruist, an
all-in-one custodial solution for modern financial advisors, today
announced new models on its Model Marketplace from BlackRock,
Inc. (NYSE: BLK); Redwood Investment Management (Redwood); and
State Street Global Advisors (SSGA), the asset management business
of State Street Corporation (NYSE: STT). Altruist's Model
Marketplace launched earlier this year with Vanguard,
Dimensional Fund Advisors, and the Altruist Simplicity Series (a
free set of models for advisors designed to reduce risk and
maximize return potential).
Blog post: More models, more choices: expanding
impact
"Expensive outsourced portfolio management platforms have
prevented RIAs from using top-tier models to build their clients'
portfolios. We're here to change that," said Mazi Bahadori, CCO and EVP of Operations at
Altruist. "Advisors should have access to better choices for their
clients, free from costly, archaic solutions. Altruist will
continue to enable independent advisors to tap into turnkey
portfolios from the world's leading asset managers, all in one
place."
Altruist fully integrates brokerage services and essential
practice management software (including the Model Marketplace) into
a single platform. Advisors can open and fund accounts, invest,
manage, report, and bill all in one digitally native place with
Altruist, garnering substantial savings to operating their
business. Now, with the latest marketplace additions, advisors
using Altruist can access BlackRock's Target Allocation ESG and
Target Allocation ETF Series, Redwood's Engineered Risk-Budgeted
Series, and State Street Active Asset Allocation ETF
Portfolios. The availability of BlackRock's Target Allocation ESG
Series broadens access to sustainable investment opportunities at a
crucial time — 73% of advisors say that clients want ESG
investments a part of portfolio strategies.
"Models are quickly becoming the vehicle of choice as advisors
look for ways to spend more time with their clients. Altruist's
tech-enabled platform combined with its Model Marketplace enables
advisors to do just that. We are excited to offer the first ESG
model portfolios on the Altruist platform, providing advisors with
solutions they need to help their clients incorporate
sustainability risks and opportunities into their portfolios," said
Michael Lane, Head of iShares U.S.
Wealth Advisory at BlackRock.
Jason Wenk, Altruist's CEO and
founder, added, "Offering a selection of high-quality, active
boutique models empowers advisors to focus on giving their clients
a better experience with money. That's why the continued growth of
our Model Marketplace is exciting—we're offering more choice and
flexibility to advisors, including sustainability models. We're
grateful to integrate with leading firms as we continue making
financial advice better and more accessible."
About Altruist
Altruist is a Los Angeles-based fintech company that makes
independent financial advisors more efficient, affordable, and
accessible to more people. The team provides advisors with
cutting-edge tools through an investment platform that
substantially lowers costs. As an entirely digital brokerage,
Altruist helps advisors give their clients a better experience with
money. Learn more at altruist.com and follow on Twitter
@altruist.
Media Contacts:
Kevin
Brown
Clarity PR for Altruist
altruist@claritypr.com
M: +1 512-917-8744
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SOURCE Altruist