Altruist

We’re excited to introduce Altruist's new fixed income trading center—built to simplify fixed income portfolio management for RIAs. With real-time bond pricing, advanced filtering across US Treasuries, Corporates, and more, plus a seamless click-to-trade feature, you can trade bonds directly within our platform. Save time and minimize costs with smart-order routing, all designed to keep your focus on what matters—your clients. Discover how our solution helps RIAs trade smarter and faster: https://lnkd.in/guTpy5SK?

?? There’s still time to register for our upcoming webinar on Altruist’s fixed income trading center. See how real-time pricing, advanced filtering, and easy execution can improve your fixed income strategy. ?? Register now before it’s too late: https://lnkd.in/ghpAjVAc?

It took Brandon Lockwood, CWS? three years to decide to break away and form his own RIA. We chatted with him about the decision, making things simple, and what’s next for Lockwood Wealth Strategies. ???????????????? [??]: A few months ago, you broke away and formed Lockwood Wealth Strategies (LWS). It’s been a big year! ?????????????? ???????????????? [????]: For sure. A lot of change and emotions. My family and I are really grateful. [??]: Walk us through your timeline. [????]: I started off as an auditor, right out of college. That did two things. First, I got to see inside financial firms—whatever questions I asked, they had to answer them. It was a crash course in how to run a good shop. And second, because I had to learn on the job, I figured out how to take complex things and make them easy to understand. From there, I joined one of my clients, a Texas-based IRA. [??]: That’s where your ability to make things simple really shone. [????]: Exactly. Wealth management and financial well-being can be hard to grasp. I developed a step-by-step process to make sure clients understood the journey we were on. That built trust and brought me much closer to my clients. [??]: It also probably helped with referrals. [????]: No question. If you’re opening a restaurant, you don’t need fancy tablecloths or chandeliers. Make fantastic food. People will eat it, and they’ll tell their friends about it. [??]: How did you know it was time to break away? [????]: I was at the Texas-based firm for fifteen years. Near the end, I realized I’d never have the ownership or agency I wanted. Still, I agonized over breaking away for three years. I wanted to make sure I was doing it for the right reason—to help more clients build wealth. I also needed the move to make financial sense, because my wife and I were supporting three kids. We knew I had over $60M in potential AUM. If I moved $20M, my wife would have to go back to teaching. If I moved $30M, things would be about the same. $40M, and that would be a huge win. Anything above that, and it would be life-altering. Finally, we pulled the trigger. [??]: And you moved $63M. [????]: Clients were so supportive. Those relationships I’d built really came through. It was very emotional. [??]: So, Altruist helps you keep things simple. [????]: First, it made breaking away not only possible, but easy. For each client, I had accounts open, transfers up, banking connected, and online access established in less than ninety minutes. The same thing would have taken five days at Schwab. Then, Altruist helps me manage the 63 households in my book. The platform is so easy to use that, even as one person, I could handle 100. I’m looking forward to growing into that. — Thinking about forming an RIA? On the fence about breaking away? Read Brandon Lockwood’s full case study below (link in first comment).

Honored to be named a LinkedIn Top Startup in Dallas! This is a testament to the hard work and dedication of our brilliant, kind team. We’re committed to our mission: to make financial advice better, more affordable, and accessible to everyone. Together, we're redefining the future of wealth management. Read more below.

We sat down with financial advisor Michael Lickiss to talk about choosing Altruist as his custodian, enduring financial relationships, and building a legacy with Pacific Wealth Advisory.? ???????????????? [??]: First of all, congrats. 18 years as a financial advisor!? ?????????????? ?????????????? [????]: Thanks! I’m still finding ways to improve my firm, to get better outcomes for my clients. [??]: Let’s talk about that. You were with a broker dealer until … [????]: 2017. Then I went out on my own, and switched to the RIA model. [??]: You were at Fidelity then? [????]: That’s right. I didn’t like all the short term redemption fees, though. When I shopped around for other custodians, I saw Altruist didn’t have any. Then I dug deeper. I loved how clean the Altruist interface was, and that I could build custom model portfolios for my clients. When I switched over, it was lightning fast. I was really impressed—it felt like finding a hidden gem. [??]: We were, too. You moved 95% of your $106M AUM book in three weeks. That’s actually a record at Altruist. [????]: Well, you made it easy! [??]: How is running your shop different now that you’re with Altruist? [????]: It’s the functionality and speed. The custom model building function helps me take a hands-on, data-driven approach to asset management, and Altruist’s speed saves me time that’s better spent re-investing in my clients.? [??]: For example? [????]: Here’s one. I had a client who sold her house. In twelve minutes, we had the money from the sale deployed in the market. You won’t find that with any other custodian. And that time I get back is invaluable—I’m all about high touch with my clients. The more time I spend with them, the deeper my relationships. The deeper my relationships, the more referrals I get—and that’s how my business grows. It’s all by referral.? [??]: We love to hear that. What’s next for you at Pacific Wealth Advisory? [????]: Hopefully we continue to grow and serve our clients.? One of my sons is a senior in high school—he’s already thinking about how to grow the business. With him involved, we could develop new relationships with younger, more tech-savvy clients, and maintain the existing financial relationships we have built over time.? — Run an RIA? Want to cut down on onboarding, and spend time building relationships with your clients? Read the full case study below (link in first comment).

In this week’s special host-only episode of #TheAdvisorJourney, Jason Wenk, and Dasarte Yarnway break down the #1 obstacle holding advisors back from evolving their business. Plus, they share tips on hiring, retention, and feedback loops to boost practice management. Full episode linked in comments.

Day 2 of Altruist Academy LA was all about actionable insights. We dove into everything from disrupting industry giants to scaling firms and boosting client retention, with plenty of peer-to-peer learning along the way. As we wrap up our final academy of the year, stay tuned for what’s coming in 2025!

Day 1 of Altruist Academy LA was packed with insights. Altruist CEO Jason Wenk kicked things off with a look at the future of financial advice, followed by sessions on our product roadmap, advisor transitions, and integrations. We wrapped up the day with great conversations at our evening reception. More to come for Day 2!

We’re getting ready to kick off Altruist Academy LA at the 1Hotel, and the setting couldn’t be better. From the venue to the views, everything’s in place for an unforgettable learning and networking experience. Who's ready to join us this week?

We're excited to welcome LaSalle Vaughn as Altruist's new Chief Compliance, Ethics, & Risk Officer. With over 20 years of experience and a proven track record in financial services and fintech, LaSalle will play a key role in scaling our compliance and risk operations as we continue to innovate and grow. His leadership and expertise will help us better serve advisors and reinforce our commitment to making financial advice more accessible and affordable for all. Join us in welcoming LaSalle to the Altruist team! Read more here:?https://lnkd.in/gVcAtsSN