Altruist has been named a winner of the 2025 Datos Impact Awards in Wealth Management for Best Innovation in Clearing and Custody, recognizing the company’s transformative approach to the advisor experience. The award, selected from a global pool of nominees, highlights Altruist’s vertically integrated custodial platform, which leverages real-time automation, embedded artificial intelligence, and a mobile-first design to streamline operations for registered investment advisors (RIAs). Since its founding just seven years ago, Altruist has rapidly evolved from a market disruptor into a full-scale custodian, now directly competing with industry giants while remaining exclusively focused on the needs of independent RIAs. The company’s platform features mobile-first onboarding with instant account validation, fractional share trading, high-yield cash management, and Hazel—its AI-powered platform built specifically for wealth professionals. The recognition comes amid record growth. According to the 2025 T3 Software Study, Altruist achieved 119% year-over-year custody growth, making it the fastest-growing RIA custodian in the industry. The company has also posted triple-digit asset under management (AUM) growth for three consecutive years and experienced a 45% increase in the average firm size it serves. “Our approach to custody is about eliminating friction,” said Mazi Bahadori, Chief Operating Officer at Altruist. “From account opening to compliance, everything happens in seconds, not weeks. We built this platform from the ground up so advisors can work faster, smarter, and serve more clients without compromising on quality or compliance. This award confirms what we’ve always known: vertical integration isn’t just a technical choice—it’s the future of wealth management.” Wally Okby, Strategic Advisor at Datos Insights, praised Altruist’s impact: “Altruist enables advisors to onboard entire households in under 60 seconds using mobile-first technology, while saving up to 10 hours per week on administrative tasks. With nearly 120% year-over-year market share growth, sustained triple-digit AUM expansion, and a growing footprint across firms of all sizes, Altruist is proving that modern, integrated infrastructure can drive both efficiency and scale.” The Datos Insights Impact Awards honor institutions that use technology to elevate standards across financial services. In the Clearing and Custody category, winners are recognized for reimagining the advisor back office through advanced systems and smarter infrastructure. Altruist continues to redefine the custodial experience by combining a self-clearing brokerage with intuitive software for account opening, trading, reporting, and billing. Advisors can create custom portfolios, automate rebalancing, and deliver a seamless web and mobile experience to clients—all through a single integrated platform. For more information on Altruist’s innovations, visit www.altruist.com.