Each month, we bring new tools and enhancements to help you work smarter and serve clients better.
In May, we introduced some key impactful updates — including smarter TLH capabilities, a defensive model series, same-day performance metrics, and client MMA history reports.
These updates are built to reduce friction, increase transparency, and give you more time to focus on clients.
Wash Sale Sensitivity: Smarter TLH Across Households
We’ve enhanced our Tax Loss Harvesting tool with cross-account Wash Sale Sensitivity. This new feature helps you automatically detect and prevent wash sales across accounts in the same household.
What you can do:
• Prevent wash sales by grouping related accounts
• Get alerts when new accounts need to be added
• Manage groups at either the household or account level
It’s a scalable solution that lets you focus on maximizing tax efficiency — no more manual workarounds required.
Altruist Defensive Series: Built for Market Uncertainty
Now available on the Model Marketplace, the Altruist Defensive Series offers professionally-managed portfolios designed to withstand stressed market conditions — at just 18 bps/year.
Explore the lineup:
• Defensive Equity Focus: 75% defensive equity / 25% fixed income
• Defensive Balanced: 50% defensive equity / 50% fixed income
• Defensive Income: 15% defensive equity / 85% fixed income
These models give you a way to tailor risk exposure while maintaining alignment with your clients’ goals.
Today’s Balance Change: Same-Day Performance at a Glance
Say goodbye to end-of-day guesswork. With Today’s Balance Change, you and your clients can now view same-day performance metrics directly in the chart summary.
Key benefits:
• Track balance changes since the last market close
• See same-day returns in both dollar and percentage terms
• Includes Altruist and external account data
It's performance tracking made simple, fast, and accessible.
MMA Audit Report: Transparent Client Decision History
A new MMA Audit Report is now available in the Advisor Portal, giving advisors clear visibility into client activity related to Move Money Authorization (MMA) selections.
What you can do:
• View a full history of MMA selection changes made by your clients
• Gain transparency into opt-in/opt-out activity
• Monitor client behavior over time — all in one centralized report
This new report helps streamline compliance reviews, supports better client conversations, and makes it easier to stay on top of household-level account dynamics
Reset Client 2FAs: No Customer Service Needed
Advisors can now temporarily reset their clients’ 2FA settings without contacting customer service—streamlining the login experience and making access faster and more seamless for clients.
Want a deeper dive into any of these new features? Let us know. We're here to support you every step of the way.
Click here to set up time with an Altruist Sales representative to discover the Altruist platform!
Altruist LLC and its affiliates (together, “Altruist”) and the Model Marketplace model providers do not render investment advice to retail clients, rather Altruist makes available certain model portfolios for independent RIAs’ use in managing their retail investment clients’ assets. RIAs are responsible for suitability of all transactions in and decisions regarding client accounts, and must maintain trading authority over client accounts which are subscribed to Model Marketplace model portfolios.
Certain instructions from model providers who are providing models to the Altruist Model Marketplace may not be executed based on system limitations, including securities that are not available to trade on the Altruist platform and rebalancing instructions that are not supported by the Rebalancer and trades that are below supported minimum trade sizes. Performance of individual accounts assigned to a model portfolio may deviate from the target model performance as a result of a number of factors, including Rebalancer settings, and timing and amount of cash flows and system limitations that impact execution of model provider instructions. Model Marketplace portfolios utilize Altruist's Rebalancer and may use Altruist's TaxIQ tax management tools. See the TaxIQ Tools & Rebalancer disclosure available at altruist.com/legal.
For more information on Altruist’s Model Marketplace please see the Form ADV Part 2A, Model Marketplace Agreement and Altruist LLC Fee Schedule on altruist.com/legal.
Tax laws and regulations are complex and subject to change, which can materially impact investment results. Altruist believes the information provided herein is accurate but does not guarantee that the information herein is accurate, complete, or timely. Altruist makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Tax Management tools (including, but not limited to tax loss harvesting) may lead to unfavorable tax impact depending on a number of factors including customer account holdings and asset location. Tax Management tools (including, but not limited to tax loss harvesting) may be impacted by a number of factors including a portfolio’s rebalancer and/or fund substitute settings. See the Altruist Tax Management Tools and Rebalancer Disclosures document on altruist.com/legal for more information. Registered Investment Advisers (RIAs) are solely responsible for monitoring client accounts to ensure Tax Management tools and settings are operating as intended. Neither Altruist nor its affiliates provide tax or legal advice or discretionary management of customer accounts. Customers are encouraged to consult their attorney, tax professional and/or investment advisor regarding their individual circumstance.
