Altruist, the technology-driven custodian built for independent financial advisors, has secured another vote of confidence by securing an exclusive partnership with a newly independent billion-dolla firm in Boston.
The upstart RIA custody platform has announced Wednesday that Civic Financial, a Boston-based advisory firm overseeing roughly $1 billion in client assets, will move its entire custodial and technology operation to the Altruist platform.
The deal is the latest in a string of enterprise-level wins for the Los Angeles-based firm as it continues to garner attention from larger, faster-growing independent advisory practices.
Civic Financial is fully owned by its partners and claims organic growth of more than 40% annually, according to a statement announcing the new partnership. The firm, which serves high-net-worth families through a planning-led approach, said it evaluated every major player before ultimately selecting Altruist.
