To kick off 2025 we launched manual rebalancing capabilities, added more key details to the Clients Report, added DRIP settings to the Accounts Report, added multiple accounts for Altruist Cash clients, and launched a new Report.
Decide When Your Client Accounts Rebalance
Managing client portfolios often requires precision and flexibility. With the new Manual Rebalance feature, you can now take full control over when rebalances occur. This capability empowers advisors to rebalance portfolios only when it makes sense for their clients, rather than relying solely on automated triggers.
Here’s how Manual Rebalance can enhance your workflow:
- Flexibility in Portfolio Management: Whether you’re assigning portfolios, updating models, or making changes to cash settings, you now have the option to initiate rebalances manually. This ensures that portfolio adjustments align with your clients’ needs and market conditions.
- Control Over Rebalancing Events: Unlike drift-based or event-driven rebalancing methods, the manual approach eliminates automated triggers. This gives you the autonomy to decide when adjustments are necessary, avoiding unnecessary trades and ensuring a more tailored approach to portfolio management.
By putting the timing in your hands, the Manual Rebalance feature offers a personalized and deliberate way to manage your clients’ investments. Explore how this can integrate into your practice and elevate your advisory services.
The Clients Report: 6 New Columns to Streamline Your Workflow
Advisors rely on the Clients Report to gain key insights into their client base. To make this tool even more powerful, we’ve added six new columns, giving you greater visibility into essential client details. The new columns include:
- Company
- Employment Status
- Employer
- Net Worth
- Marital Status
- Gender
These additions make it easier than ever to sort, filter, and analyze your clients’ information. For example, you can:
- Identify trends within specific client demographics.
- Tailor financial plans based on marital or employment status.
- Prioritize client outreach by segmenting data based on net worth or employment details.
These enhancements provide a clearer picture of your clients, allowing you to deliver more personalized and informed financial advice. Dive into the updated Clients Report today to see how it can transform your data analysis.
More Visibility with DRIP Settings in the Accounts Report
Account reporting just got an upgrade. We’ve added DRIP (Dividend Reinvestment Plan) settings to the Accounts Report, giving advisors more transparency into how dividends are managed across different account types. The new columns include:
- Equity DRIP
- Mutual Fund DRIP
- Capital Gains DRIP
With these columns, you can:
- Quickly identify accounts with active DRIP settings.
- Monitor dividend reinvestment strategies for individual clients.
- Gain better insights into account performance and cash flow management.
This update not only streamlines your reporting process but also provides a clearer view of how DRIP settings influence client portfolios. Explore the updated Accounts Report to see these improvements in action and how they can support your advisory goals.
Multiple Accounts for Altruist Cash clients
Advisors can now open multiple cash accounts for each client during the account opening process.
To access the cash account opening process, navigate to the Advisor Portal and click Open Account in the top navigation pane. Follow the process and you'll now see the ability to add as many cash accounts per client as you prefer. 
FPL and Money Sweep Report Now Available
Advisors can now access the FPL and Money Sweep Report, which provides a detailed view of clients' current selections for the FPL and Money Sweep programs. This report enhances visibility and ensures advisors can monitor client participation in these programs efficiently.
To access the report, navigate to:
Advisor Portal > Reports > Altruist Program Participation Report
This addition allows advisors to stay informed and manage their clients' financial preferences with greater ease. Explore this report today to see how it can support your advisory practice.
Please note: Altruist’s rebalancer is not currently configured to avoid triggering the IRS’ Wash Sale Rule. RIAs are encouraged to consult IRS Publication 550 (https://www.irs.gov/pub/irs-pdf/p550.pdf) or a qualified tax professional for more guidance on this topic. Altruist and its affiliates do not provide tax advice.
The Annual Percentage Yield (“APY”) for the Altruist Cash accounts (“Altruist Cash”) is variable and may change at any time. The amount of interest you will receive on your deposits will vary based on a number of factors. Accrued interest is paid on the last business day of the month directly into the Altruist Cash account. View our disclosures to learn more.
Altruist Cash is offered through a separate account at Altruist Financial LLC (“Altruist Financial”) that is opened solely for participation in Altruist Cash. Neither Altruist Financial nor any of its affiliates are banks. Altruist Financial deposits cash in the Altruist Cash account with one or more banks ("Program Banks" see the Altruist Financial LLC Participating Bank List) that accept and maintain such deposits. Through Altruist Cash, clients' cash is deposited into Program Banks where the cash earns a variable interest rate and is eligible for FDIC insurance. Cash is not eligible for FDIC insurance until the cash is deposited at the Program Banks. Cash in the Altruist Cash account that is awaiting to be deposited in, and cash in transit to or from, Program Banks, may not be eligible for coverage under SIPC. SIPC coverage does not apply to cash deposited with Program Banks. FDIC insurance is limited to $250,000 per depositor, per FDIC-insured bank, per ownership category and is subject to conditions. More information can be found in the Altruist Cash Disclosure Statement and the Altruist Financial LLC Participating Bank List, both available on altruist.com/legal. FDIC coverage can be impacted by several things, including but not limited to deposit capacity at a Program Bank and/or if a client holds cash at a Program Bank, including through this or additional sweep programs. Clients are responsible for monitoring their total assets at each of the Program Banks, whether through Altruist Financial accounts or accounts with other financial intermediaries, to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. For more information on FDIC insurance coverage, please visit FDIC.gov.
Deposits to Altruist Cash will be deposited with Program Banks on the following business day. Cash deposited via ACH or Check may take three (3) or more business days for the funds to become available for deposit. Customers can initiate withdrawals at any time from the Altruist Cash account. View our disclosures to learn more.
Clients should carefully review the information provided on altruist.com/legal to determine whether Altruist Cash is an appropriate product for their specific financial needs. Retail clients must work with a Registered Investment Advisor to open an Altruist Cash account. Securities trading is not possible in the Altruist Cash account.
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.
