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Altruist offers three types of services:
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ALTRUIST
Portfolio
Management Service provides you with professional management of your
investment portfolio.
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ALTRUIST
Comprehensive Financial Plan Service provides you with analysis and advice on
virtually all aspects of your financial life. For some clients, the
savings from our advice allows the service to pay for itself in less than a
year. This service is designed to prepare investors to transition to the ALTRUIST
Portfolio Management Service. Prospective clients who do not intend to
transition to the ALTRUIST
Portfolio Management Service should not buy this service.
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ALTRUIST
Investing Plan Service
provides you with a completely custom asset allocation, with specific
recommendations on tax-sensitive asset location and specific investments.
This service is a subset of the Financial Planning Services and is designed
strictly to prepare investors to transition to the ALTRUIST
Portfolio Management Service. Prospective clients who do not intend to
transition to the ALTRUIST
Portfolio Management Service should not buy this service.
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Of course, all ALTRUIST services come with
our unique Complete Satisfaction
Money Back Guarantee.
The ALTRUIST Portfolio Management Service provides clients with
ongoing management of their investment portfolios. We provide this service with a unique
twist: any time we feel a change needs to be made in a client's
portfolio (which typically is only every two or three months), we put our
recommendation in writing, along with detailed rationale. Clients are
then able to either approve, reject, or modify our recommendation before it is
implemented. This precludes the possibility of unfortunate
"surprises" after the fact. Clients are rarely surprised because they
are well apprised of the likely (and less likely) effects of everything we
do before we do it.
In addition to investments available to all retail investors (e.g., those of
Vanguard), Altruist clients are able to invest in the sophisticated
institutional mutual funds of Dimensional Fund Advisors (DFA).
These funds are designed primarily for institutional investors and may be the best funds available in many asset classes.
For the ALTRUIST Portfolio Management Service, Altruist receives an annual fee
based on percentage of assets under management as per the fee schedule
below, paid quarterly in arrears, computed based on the value of the
portfolio at the end of the quarter.
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Fee Schedule for ALTRUIST
Portfolio Management Service |
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First $10,000,000 |
0.235% per year (i.e., 0.05875% per quarter) |
| Next $10,000,000 |
0.11% per year (i.e., 0.0275%
per quarter) |
| Next $30,000,000 |
0.055% per year (i.e., 0.01375% per quarter) |
| Next $50,000,000 |
0.03% per year (i.e., 0.0075% per quarter) |
| Subsequent amounts |
0.02% per year (i.e., 0.005% per quarter) |
There is a minimum annual fee of $30,000 per year (i.e., $7,500 per quarter)
for the ALTRUIST Portfolio Management Service.
Generally, Altruist will not accept accounts of less than $3,000,000,
but exceptions may be made on a case-by-case basis.
In addition to the above fees which Altruist receives, clients will
be responsible for mutual fund expenses and
custodial fees.
For more information on the ALTRUIST
Portfolio Management Service, click
here.
For more information on why hiring an investment advisor might be
beneficial, click here.
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This is our premier service offering. It includes a
comprehensive analysis of nearly all aspects of your financial life. The end
result is typically a 60-70 page document summarizing our analyses,
recommendations, and rationale. It includes a 12-month consultation
enrollment whereby you will be able to consult with Altruist financial
planners at no additional fee, for 12 months.
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For many clients, the savings from our advice allows the service to
pay for itself in less than a year. This service is designed to prepare
investors to transition to the ALTRUIST
Portfolio Management Service. Prospective clients who do not intend to
transition to the ALTRUIST
Portfolio Management Service should not buy this service. For more information on the ALTRUIST
Comprehensive Financial Plan, click here.
Fee: $2,950.
Note that when you subsequently go on to purchase our
ALTRUIST
Portfolio Management
Service, we will credit your account for $1,000 in order to avoid a
duplication of fees for overlapping services.
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Investors who have no need for the comprehensive, holistic analyses of the
ALTRUIST Comprehensive Financial Plan
can enroll in the ALTRUIST Investing
Plan. The ALTRUIST Investing
Plan focuses exclusively on Investments, preparing the client to
transition to the ALTRUIST Portfolio
Management Service. Those who do not intend to transition
to the ALTRUIST
Portfolio Management Service should not purchase this service. Unlike the
ALTRUIST Comprehensive
Financial Plan, the ALTRUIST
Investing Plan does NOT include a
12-month consultation enrollment. For more information on the ALTRUIST
Investing Plan product, click here.
Fee: $1,350.
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