Los Angeles-based fintech Altruist is planning to release a model portfolio suite that includes direct indexing. The company, which provides portfolio solutions to advisers, said the new suite will enable advisers to access direct indexing with as little as $2,000.
The new offering, Altruist Strategist Suite (Strategist), is planned for release sometime before the end of June. It will be the second Altruist-generated model portfolio suite in its model marketplace and the first to include direct indexing, the company said in a release.
Altruist’s model marketplace features portfolios from third-party asset managers, a set of free models known as the Altruist Simplicity series, and the new Strategist series.
Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B
“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.
The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO
For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.
Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions
Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
