The only modern custodian built exclusively for RIAs. Altruist Financial LLC, Member FINRA/SIPCAltruist combines a self-clearing brokerage with software for account opening, trading, reporting, and billing.
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2025-02-14 20:45:10
Day 5 of “5 Days of RIA Economics”: Firm Equity Owning (partially or completely) an RIA can be a path to significant wealth creation. While a wirehouse may offer a sunset plan at 1.5x production (taxed as income), RIAs can sell for 7-9x EBITDA. Higher payouts tend to go to
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