--- title: Altruist Reviews meta\_title: 'Altruist Reviews 2026: Details, Pricing, & Features | G2' meta\_description: Filter 16 reviews by the users' company size, role or industry to find out how Altruist works for a business like yours. aggregate\_rating: rating\_value: 5.0 review\_count: 16 scale: '5' date\_modified: '2026-08-07' parent\_category: name: Financial Services url: https://www.g2.com/categories/financial-services --- # Altruist Reviews & Product Details Claimed ###### Profile Status This profile is currently managed by Altruist but has limited features. Are you part of the Altruist team? [Upgrade your plan](https://sell.g2.com) to enhance your branding and engage with visitors to your profile! Altruist is on a mission to make great independent financial advice more efficient, affordable, and accessible. The company’s all-in-one financial advising platform provides fiduciary advisors with cutting-edge tools designed to substantially lower costs to operating their business. Advisors can open and fund accounts, invest, manage, report, and bill, all in one place. A fully digital brokerage (Altruist Financial LLC, Member FINRA/SIPC), Altruist empowers advisors to do their best work and help ensure clients have a better experience with their money. Founded in 2018 by CEO Jason Wenk, Altruist launched its platform in late 2020. * * * Seller [Altruist](https://www.g2.com/sellers/altruist) Discussions [Altruist Community](https://www.g2.com/products/altruist/discuss) Languages Supported English Overview by Altruist LLC Show More ## Top-Rated Alternatives [ ![Betterment at Work](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Betterment at Work") Betterment at Work 4.3/5(709) ](https://www.g2.com/products/betterment-at-work/reviews) [ ![Morningstar Direct](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Morningstar Direct") Morningstar Direct 4.1/5(426) ](https://www.g2.com/products/morningstar-direct/reviews) [ ![Morningstar Direct Advisory Suite (formerly Advisor Workstation)](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Morningstar Direct Advisory Suite (formerly Advisor Workstation)") Morningstar Direct Advisory Suite (formerly Advisor Workstation) 4.1/5(285) ](https://www.g2.com/products/morningstar-direct-advisory-suite-formerly-advisor-workstation/reviews) [ View All Alternatives ](https://www.g2.com/products/altruist/competitors/alternatives) ## User Insights Average based on 16 real user reviews. [Log in to unlock pricing and user insights](/login) ## Altruist Integrations (2) What do users say about integrations? Integration information sourced from real user reviews. [ ![Product Avatar Image](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Product Avatar Image") RightCapital ](https://www.g2.com/products/rightcapital/reviews)[ ![Product Avatar Image](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Product Avatar Image") Wealthbox CRM ](https://www.g2.com/products/wealthbox-crm/reviews) Show More ![Nick B.](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Nick B.") NB Nick B. Managing Member, Bormann Wealth Management LLC Small-Business (50 or fewer emp.) 8/1/2025 "Altruist is a fantastic platform for small, growing RIAs." 5/5 What do you like best about Altruist? I got started with Altruist around the end of 2021, when I took my advisory practice independent and left the hybrid BD/RIA platform that I had been serving clients through previously. Altruist has gained a lot of new capabilities in the time since then but I've always been steadily impressed with their quality of support for advisors and the pace they've rolled out new features. As a vertically-integrated tech stack, Altruist substitutes for multiple other software tools which would have been impractical for me to use as I was starting up my own practice. They also have convenient back-end integrations with other advisor technologies, so it can be very open-ended. I came to Altruist having very little prior software tech stack, but I can also see how a larger practice could still integrate the tools they liked and keep using them. Altruist's software saves me a ton of time and makes it easy to automate various aspects of practice management. There's a lot less drudgery involved with account opening, transfering, rebalancing, and so on - the sort of activities that drain time away from my main focus which is keeping up with the needs of my clients. Review collected by and hosted on G2.com. What do you dislike about Altruist? Altruist is a relatively younger company and so its brand is not as well known as the bigger players in the advisor-custodian space. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? It's an integrated technology platform that includes billing, rebalancing, and custody services for clients. The total cost of use is much lower than other competing platforms with very little compromise on the features that I care about. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic SO Skee O. Founder, Lead Advisor Small-Business (50 or fewer emp.) 9/4/2025 "Opting out of Legacy Advice with help from Altruist" 5/5 What do you like best about Altruist? All-in-one custodian and portfolio management, easy account opening and transfer processes, very high-quality support, clean look and feel, advisor-focused and constantly seeking improvement, don't have to question their intentions or wonder if they're going to stab me in the back Review collected by and hosted on G2.com. What do you dislike about Altruist? There have been a very few circumstances of technical trouble which has always been resolved quickly by support Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Over my career, onboarding new clients has always been a major pain which should easily be solved by modern technology. Altruist does that. Instead of having a large team of operations staff, I can do most of those tasks by myself using new technology. It also solves the problem of having multiple providers for various tasks since I can access most information and complete tasks all on the Altruist platform. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic AM Andrew M. Founder and Senior Advisor Small-Business (50 or fewer emp.) 11/7/2024 "Altruist has helped save so much time & stress in back-office, while giving clients a UX they love" 5/5 What do you like best about Altruist? Altruist's processes and integrations are seamless and easy. There is not any noise on their platform - it's intuitive and saves us many hours a week by reducing the time spent on account openings, maintenance, trading/rebalancing, as well as billing. Customer support is also fantastic! Review collected by and hosted on G2.com. What do you dislike about Altruist? There's nothing I dislike. The great thing is, any time I see room for improvement, Altruist listens to my ideas and will create a solution to satisy. Their roadmap for new features continues to impress, and help separate it from Schwab and Fidelity. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Altruist has helped make our account opening process speed up to about 5-10 minutes of prep, with instant account opening and bank linking when client approves. No unnecessary processes or steps. No hangups either. We don't have to wait days for a new account to go live. Account maintenance is so intuitive and easy to access. Greatly shortens the process to update changes for clients. Portfolio management is a breeze. I had been a long-time user of iRebal. Altruist's model and trading platform is easier and integrated into the account performance page for every client. Account perforamnce allows you to compare to custom benchmarks over several periods of time, with extra data points if clients are interested. Super easy for clients to navigate. Billing is instantaneous and doesn't require an integration. I can't believe how simple it is. Integrations are coming to allow for billing of held-away assets too! Simply put, Altruist is allowing us to stop paying for performance reporting, billing, and portfolio management softwares, without having to jump through integration hoops anymore. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic CF Cole F. Small-Business (50 or fewer emp.) 3/24/2023 "Altruist is a Game Changer for Advisors Craving Efficiency" 5/5 What do you like best about Altruist? I love the efficiency, simplicity, and intuitiveness of the platform. If you are an advisor that has ever dealt with clunky software or archaic processes and thought, "Why can't I just \_\_\_\_?", Altruist has likely already implemented that feature. Plus, their support team is quick, knowledgeable, and kind. Review collected by and hosted on G2.com. What do you dislike about Altruist? Because Altruist is so new, they don't have some things that more established custodians have -- such as margin and certain account types. I'm confident those features are just around the corner as Altruist is continuously evolving and improving. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Tying together many different platforms into one beautiful and powerful package. I use Altruist as my custodian, trading platform (including trading within models), billing, and performance reporting. They are knocking down several barriers to entry for independent advisors. Review collected by and hosted on G2.com. Show More Validated ReviewerSource: Organic ![Logan J.](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Logan J.") LJ Logan J. President Small-Business (50 or fewer emp.) 7/3/2022 "A Modern Custodial Platform for RIA's that don't want to be left behind" 5/5 What do you like best about Altruist? Altruist is an all-in-one platform for RIA's (Registered Investment Advisors) and their IAR's (Investment Advisor Representatives) They have developed what should be the industry standard of 2022 for an "almost" all-encompassing package. The only things they don't cover are your CRM, financial planning, and compliance. They are currently considering covering the costs associated with two of these depending on your relationship with them. -You can open accounts in less than 5 minutes. -Portfolio software and performance software are included (create your own portfolios or use their model marketplace, including a newly minted direct indexing strategy). They use FRACTIONAL SHARES through Apex Clearing Corporation meaning you can diversify a client of any size into any portfolio you create or use. -Support is very responsive -Unlike Betterment, you can trade stocks for your clients and are not pidgeonholed into mutual funds / etf's -- meaning you can craft portfolios or use their own for much better targeting in client's accounts. -Billing is included -The UI is absolutely beautiful and clean for both the advisor and the client -They clear through Apex Clearing Corporation and are a technology platform. Apex has over $100B under custody. It's an easy value proposition when your speaking to existing or new clients. -They don't have a retail facing side and are not in competition with your firm. -No fees or agreements you have to pay Altruist (other platforms charge wrap fees and $/mo per advisor fees to use their "modern" platforms which pale in comparison to Altruist). -Their managed solutions you can tap into "aka model marketplace" only charge around 10-12bps/mo unlike SMA's on other platforms charging upwards of 50-75bps. -They integrate with almost all third part tech stack solutions (including Right Capital, Wealthbox, ect.) and can pull your firms data from Schwab and other custodians into their system. This, in my opinion, is the LPL Financial and Raymond James of 2022, and is a huge disruptor in the industry. When RIA's find out about Altruist it will be hard not to switch. Review collected by and hosted on G2.com. What do you dislike about Altruist? There is nothing to dislike. New features are released every two weeks to a month and are based on the collective heartbeat of all the RIA's and their advisors on the platform, which can create new ideas and vote on them. They are extraordinarily responsive. Review collected by and hosted on G2.com. Recommendations to others considering Altruist: If you are an RIA looking for a modern sleek package that can streamline your practice then look no further. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Altruist is bringing together all of the systems needed to operate an effective RIA practice in a sleek model signed for the 2022 firm. They have already solved a huge amount of issues in this industry, in my opinion. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic ![Steve F.](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Steve F.") SF Steve F. Founder Financial Services Small-Business (50 or fewer emp.) 1/30/2023 "Altruist is a strong new player in the custodial space. Great strategy and strong culture." 5/5 What do you like best about Altruist? I like the ease of being able to open accounts and initiate ACAT transfers. I also like the culture of the firm. Review collected by and hosted on G2.com. What do you dislike about Altruist? With any new service provider operating in a complex environment, there are going to be bugs, gaps and miscues. Altruist has their share. But they are quick to own their mistakes and correct them. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? It really can replace multiple other applications I have been using. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic ![Ward W.](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Ward W.") WW Ward W. Financial Advisor Small-Business (50 or fewer emp.) 5/9/2022 "Fantastic, simple, inexpensive platform for Registered Investment Advisors to manage client money" 5/5 What do you like best about Altruist? I love the all-online, low-paperwork approach that Altruist has taken, as well as the inexpensive ($24/year per account as of writing, and only AFTER 100 free accounts) set up. It's super easy to onboard clients, there's no paper forms/wet signatures required, and everything happens fast. Asset transfers are a snap, so long as you get the DTC numbers correct and the contra firm supports ACAT painlessly. This was exactly what I was looking for in an investment management platform, very happy here so far. Review collected by and hosted on G2.com. What do you dislike about Altruist? There's still plenty of product features in development, so there are certainly things that would be 'nice' to do (but not essential) that might not be supported. (Ex: can't set up entity-level accounts yet, although by the time you read this that might be possible.) That said, so far I have high confidence that the dev team will build what is needed, and even in the few months since I've been using Altruist they've pushed several helpful features like allowing UGMA/UTMA accounts. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Managing client assets easily and simply. Their model portfolios with auto-rebalancing are excellent, and all the trades I've wanted to place have been free. The benefits to easily onboarding clients are huge. It requires so little work of both me and my clients, which I love. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic ![Verified User in Financial Services](/assets/icons/anonymous-avatar-purple-4ae1032bdb50ee5682003170c8184aee790d25958bd397abbd384ba52c596a7b.svg "Verified User in Financial Services") UF Verified User in Financial Services Small-Business (50 or fewer emp.) 7/26/2022 "Extremely impressed with Altruist so far!" 5/5 What do you like best about Altruist? Seamless technology that is simple, and intuitive, yet does everything that I need it to do. The trading/rebalancing functionality is top-notch and it is each to open and fund accounts. Add to it a slick mobile app and we've got everything we need to run a top-notch advisory business. Review collected by and hosted on G2.com. What do you dislike about Altruist? Altruist is still in its formative years, so there are a number of account types that aren't yet available. However, based on the rapid development of the platform and that they seek out ideas from their users, I am confident in due time they will broaden access to new account types. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Making access to investment advice more affordable and accessible. I don't have to pay an arm & a leg for powerful technology, and that allows me to pass those savings along to my clients. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic ![TJ v.](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "TJ v.") TV TJ v. Financial Planner Small-Business (50 or fewer emp.) 7/14/2022 "Altruist -- The Future Of RIA Wealth Management" 5/5 What do you like best about Altruist? Altruist is an excellent solution for RIAs looking to streamline their wealth management. With automated solutions for customized portfolio building, performance reporting, and fee billing, it's an essential tool for the modern advisor. Review collected by and hosted on G2.com. What do you dislike about Altruist? Nothing! Altruist has lived up to its promises and is continuing to iterate and add new features. So far, nothing to dislike. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Altruist has helped streamline portfolio management by automating key features that RIAs must utilize. Having an all-in-one solution for performance reporting, fee billing, and management is a game changer. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic ![Jared T.](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Jared T.") JT Jared T. President Small-Business (50 or fewer emp.) 5/13/2022 "Best new fintech company we've seen in years!" 5/5 What do you like best about Altruist? Finally a custodian that values their clients and are building what advisors want/need. Altruist has replaced many of the previous tools I used in the past and has helped to streamline my business. Review collected by and hosted on G2.com. What do you dislike about Altruist? Being one of the first users, we've had to wait for new features to be released, but they've been rolling out over time and keep making the platform better and better. Review collected by and hosted on G2.com. What problems is Altruist solving and how is that benefiting you? Altruist has not only made it easier for my clients to open and interact with their accounts, but has lessened the headaches I've had in dealing with custodians and 3rd party tools that link up with custodians. Review collected by and hosted on G2.com. Show More Current UserValidated ReviewerSource: Organic ## Questions about Altruist? Ask real users or explore answers from the community Get practical answers, real workflows, and honest pros and cons from the G2 community or share your insights. [ Ask about Altruist ](https://www.g2.com/products/altruist/discussions/new) GU Guest User What is Altruist used for? 0 Upvotes 0 [ Join the conversation ](https://www.g2.com/discussions/what-is-altruist-used-for) [ View all Discussions ](https://www.g2.com/products/altruist/discuss) ##### Pricing Pricing details for this product isn’t currently available. Visit the vendor’s website to learn more. 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