We packed a lot of newness into the shortest month of the year. In February we enhanced Altruist Cash with Trust accounts, enabled advisors to open multiple cash accounts per client, and launched a new Altruist Direct Index model.
Build their Trust with 4.00% APY
Growing your clients’ cash just got easier. With Trust accounts now available alongside individual and joint accounts in Altruist Cash, you can build your client’s capital “T” Trust with 4.00% APY.
Why This Matters
- Built for Flexibility: Unlimited transfers, zero minimums, easy ACH linking, and no annual fees1.
- Click to Access: Clients can access their funds in just a few clicks, with same-day liquidity when they need it.
- Fully Secured: FDIC insurance2 up to $1 million for individual accounts, $1 million for trust accounts, and $2 million for joint accounts, through our partner banks.
Take advantage of this new feature today and start maximizing cash yields for your trust clients.
Open a cash account. Or five!
Flexibility in cash management just got an upgrade. Advisors can now open multiple cash accounts per client, and add nicknames to each account, offering greater control over how client funds are allocated.
Whether managing different cash reserves, earmarking funds for specific purposes, or simply organizing cash flow more effectively, this feature makes it easy to structure accounts in a way that best suits client needs.
Benefits of Multiple Cash Accounts
- Enhanced Organization: Keep cash for different goals separate within a client’s portfolio. Use nicknames to label each account based on your client’s goals.
- More Strategic Allocations: Align cash accounts with different investment strategies or future liquidity needs.
- Simplified Account Management: Open and manage multiple accounts at once, seamlessly through the Altruist platform.
To start leveraging this feature, simply open as many cash accounts as needed during the account setup process.
Meet our newest model: Altruist Direct Index International ADR
Altruist is expanding its model lineup with the Direct Index International ADR, a portfolio designed to track the overall performance of exchange-listed American Depositary Receipts (ADRs). This new model adjusts for market size and availability, ensuring a diversified approach to international investing.
Key Features
- Broad International Exposure: Gain access to a diversified set of international companies through ADRs.
- Optimized for Market Availability: Designed to reflect real-world market conditions while maintaining exposure to key sectors.
- Seamless Integration: Easily add this model to client portfolios through the Altruist Model Marketplace.
Expand your investment toolkit with this new model and offer clients more global diversification opportunities.
APY is variable and subject to change.
1Other fees may apply. See the Altruist Financial LLC Fee Schedule on altruist.com/legal for additional information.
2Clients can access up to $1 million in total FDIC coverage across all individual accounts, up to $2 million in total across all joint accounts, and up to $1 million in total across all trust accounts through our partner banks.
Altruist Corp (“Altruist”) offers technology and tools designed to help financial advisors achieve better outcomes. Advisory and certain other services are provided by Altruist LLC, an SEC-registered investment adviser, and brokerage related products and services are provided by Altruist Financial LLC, a member of FINRA/SIPC. Commission-free trading means $0 commission trades placed in brokerage accounts via web or mobile devices. Other fees may still apply. Please see the Altruist Financial LLC Fee Schedule on altruist.com/legal to learn more.
