Altruist, a Los Angeles, CA-based custodian for impartial registered funding advisors (RIAs), acquired Shareholders Service Group (SSG), a San Diego, CA-based brokerage and custodial platform throughout the US.
The quantity of the deal – topic to regulatory approval – was not disclosed.
The acquisition will assist Altruist double the footprint of its RIA-exclusive providers and product choices which already embody digital account opening, buying and selling, reporting, and billing.
Led by Peter Mangan, Founder and CEO, Shareholders Service Group is a brokerage and custodial platform serving over 1,600 advisors throughout the US.
Led by Jason Wenk, Founder and CEO, Altruist is a custodian for impartial RIAs. The corporate combines a self-clearing brokerage agency with software program for account opening, buying and selling, reporting, and billing – multi function streamlined resolution. With it, customers can create customized fashions, commerce fractional shares, automate rebalancing, and share efficiency with shoppers utilizing a contemporary cell app.
FinSMEs
16/03/2023
