"For advisors who've built their businesses around tools like Orion and Advyzon, but lacked a modern custodian to match, we're solving that. You can now custody assets with Altruist and submit orders directly from the platforms your team already loves with no duplicate processes, no switching screens, no trade files."
– Jason Wenk, CEO and Founder
We’re excited to announce that FIX trading integration is now live on Altruist.
Financial Information eXchange (FIX) trading integration is the real-time, industry-standard protocol that allows advisors like you to send trades directly from portfolio management systems to your custodian. Without a FIX trading integration, RIAs using third-party tools often have to download trade files from one system, email or upload them to another, and then wait for manual confirmation—a workflow that can be tedious and time-consuming.
Not anymore.
Altruist now offers this capability for RIAs trading on Orion Eclipse and Advyzon* in a way that’s easy to set up, accurate, and fully digital. This is a watershed moment for advisors looking for the benefits of a modern custodian, without requiring disruption to their existing trading workflows.
Where existing providers fall short
Legacy custodians
It’s true: legacy custodians like Schwab and Fidelity offer FIX support, but implementation can be cumbersome and may take weeks to set up. And while you may be able to enjoy the benefits of a modern portfolio management system, you’re still stuck relying on outdated systems for critical workflows like account opening and billing.
Turnkey Asset Management Platforms
While a turnkey asset management platform (TAMP) may support trade routing, it’s often delayed and can take place through indirect channels, slowing the process down and increasing the likelihood of errors.
Homegrown solutions
Of course, RIAs can always develop their own internal solutions, but those are expensive and challenging to maintain over time. For most firms, these workarounds introduce unnecessary complexity and risk.
With a modern custodian, the FIX trading integration can live up to its promise.
FIX at Altruist is designed for modern advisors
The all-digital setup process allows you to seamlessly link to your Orion Eclipse and Advyzon accounts, dramatically reducing implementation time and complexity. Further, our enhanced Firm Accounts view gives you full-firm oversight, streamlining fee billing management, average price handling, and efficient trade error resolution, all from a single interface.
The ultimate benefit? With less time spent managing platforms, files, and reports, you can focus on delivering more value where it matters most.
Ready to switch to a modern custodian?
Does your firm operate on Orion or Advyzon? Have you been waiting for a custodian who can keep pace with your operational needs? We’d love to show you what's possible. Altruist is built for growth-minded, client-centric, tech-forward RIAs like yours. To get a better idea of how we support firms like yours, check out our 5-minute platform overview video here. And if you’d like to learn more, grab some time with our team today and let’s see if we’re a fit.
