Industry research firm honors Altruist for redefining the advisor experience through vertical integration, AI, and real-time automation.

Altruist has been named a winner of the 2025 Datos Impact Awards in Wealth Management for Best Innovation in Clearing and Custody. Chosen from a competitive field of global submissions, the award honors Altruist’s vertically integrated custodial platform, which combines real-time automation, embedded AI, and a mobile-first design to transform how registered investment advisors (RIAs) serve their clients and scale their businesses.

This recognition comes amid a period of accelerated growth for Altruist. In just seven years, the company has evolved from a category disruptor to a full-scale custodian, competing with the industry's largest incumbents — while remaining purpose-built for RIAs. Altruist’s platform includes capabilities like mobile-first onboarding with instant account validation, fractional share trading, high-yield cash management, and Hazel, an AI platform built exclusively for wealth professionals.

Altruist also continues to outpace industry growth benchmarks. According to the 2025 T3 Software Study, the company achieved 119% year-over-year custody growth, making it the fastest-growing RIA custodian in the industry.

“Our approach to custody is about eliminating friction. Everything from account opening to compliance happens in seconds, not weeks,” said Mazi Bahadori, Chief Operating Officer at Altruist. “We built our platform from the ground up so advisors could work faster, smarter, and serve more people without sacrificing quality or compliance. This recognition reinforces what we’ve believed all along. Vertical integration isn’t just a technical decision. It’s the future of wealth management.”

The Datos Insights Impact Awards celebrate institutions that leverage technology to raise the bar across financial services. In the Clearing and Custody category, honorees are recognized for reimagining the advisor back office through smarter technology and infrastructure.

“Altruist's platform enables advisors to onboard entire households in under 60 seconds through mobile-first technology while saving up to 10 hours per week on administrative tasks,” said Wally Okby, Strategic Advisor at Datos Insights. “With nearly 120% year‑over‑year market share growth, triple‑digit AUM growth for three consecutive years, and a 45% increase in average firm size served, Altruist is proving that modern, integrated infrastructure can simultaneously accelerate growth and reduce operational burden for RIAs of all sizes.”

To learn more about Altruist’s recent innovations, visit www.altruist.com.

About Altruist

Altruist is the modern custodian for independent RIAs, offering a fully integrated digital platform that makes managing investments and serving clients simpler and more affordable. Altruist combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing. With Altruist, financial advisors can create custom portfolios, trade fractional shares, automate rebalancing, and provide clients with a sleek web and mobile app experience. Learn more at altruist.com.

About Datos Insights

Datos Insights is the leading research and advisory partner to the banking, insurance, and security and investments industries — both the financial services firms and the technology providers who serve them. In an era of rapid change, we empower firms across the financial services ecosystem to make high-stakes decisions with confidence and speed. Our distinctive combination of proprietary data, analytics, and deep practitioner expertise provides actionable insights that enable clients to accelerate critical initiatives, inspire decisive action, and de-risk strategic investments to achieve faster, bolder transformation.

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