Our Custodian
Your money stays in an account in your name.
We provide the advice. Altruist holds your investment accounts, processes transactions, and provides statements and tax documents.
What custody means
Financial Thinking Partner never takes possession of your money.
Your investments are held at Altruist, an independent custodian. Each account is opened in your name, not ours.
We can manage investments and place trades under your advisory agreement. We cannot use your assets to run our business.
What Altruist handles
The account work happens in one place.
Safekeeping
Holds the cash and investments in your accounts.
Transactions
Processes account openings, transfers, deposits, withdrawals, and trades.
Records
Provides statements, confirmations, management-fee invoices, and tax documents.
Client access
Gives you a secure website and mobile app to view your portfolio, activity, and documents.
Why we chose Altruist
Built for independent financial advisors.
Altruist combines custody, account opening, trading, billing, and reporting in one platform. That makes the client experience simpler and reduces paperwork.
Clear client experience
View accounts, activity, statements, and tax documents without sorting through several systems.
Digital account service
Open accounts, sign forms, and complete many account updates online.
Designed for independent RIAs
The platform is built to support independent advisory firms and the clients they serve.
The safeguards
Protection, in plain English.
Accounts remain separate
Your accounts are held in your name at Altruist and remain separate from Financial Thinking Partner's business accounts.
SIPC membership
Altruist Financial LLC is a member of SIPC. SIPC can help restore missing cash and securities if a member brokerage firm fails, subject to coverage limits. SIPC does not protect against market losses.
Account security
Altruist supports two-factor authentication and secure online access. Clients should use a unique password and keep their contact information current.
Read the Altruist client brochure
Review Altruist's official explanation of its platform, safeguards, and disclosures.
Altruist Corp offers technology and tools designed to help financial advisors achieve better outcomes. Advisory services are provided by Altruist LLC, an SEC-registered investment adviser; brokerage products and services are provided by Altruist Financial LLC, member FINRA/SIPC. Clearing and custody of securities provided by Altruist Financial LLC. Financial Thinking Partner® Wealth Advisors is not affiliated with Altruist.
Want to understand how your accounts would be held?
Schedule a complimentary 30-minute conversation. We will explain the setup before you make any decision.
Or reach out to Doug directly by sending him an email at doug@financialthinkingpartner.com.