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Custody newbie Altruist claims No. 3 spot with SSG acquisition

Altruist SSG

In less than two weeks, Altruist's custody business grows from zero to more than 3,000 RIA clients, with only Schwab and Fidelity having more RIA relationships.

Less than two weeks after debuting its RIA custody business on top of its fintech platform, Altruist has announced the acquisition of Shareholder Services Group, a brokerage and custodial platform, in a deal that significantly boosts Altruist’s status in the competitive custodial business.

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