Alts2Wealth activity continues to be robust. Here is a quick summary of recent Alts2Wealth activity: * Altruist launches fully integrated alternatives capabilities in partnership with Blackstone, KKR, JPAM * Franklin adds alternative assets models with Corastone * RFG partners with iCapital for alternatives * Morningstar partners with Apollo, Franklin Templeton and J.P. Morgan Asset Management to launch public/private model portfolios * Stepstone and PitchBook launch private asset benchmarking product * Robinhood's Venture Fund I (RVI) is up 78% from issuance last March, if anyone is watching. Although it is off over 40% from it's high. Knote: Just about everyone has Alts2Wealth on their 2026 roadmap and WealthTech Strategy Partners LLC is starting to see people executing. Let's hope the money follows.

Altruist, a wealth platform for independent advisors, is expanding its services to include alternative assets, margin, options and faster money movement capabilities. The additions aim to help advisors offer strategies previously accessible only to large investors. The alternatives marketplace launches with strategies across private equity, real estate and infrastructure from Blackstone, J.P. Morgan Asset Management, KKR and Pantheon. Advisors can manage all documentation, reporting and billing within the platform, eliminating the need for multiple systems. Altruist charges no custody fees for partner funds at launch. Alternative strategy data integrates directly into client portfolios alongside traditional assets. Later this year, the platform will add margin loans, options trading and expanded money movement features including direct deposit and digital cheques. The Los Angeles-based company combines self-clearing brokerage with software for account management and trading.

Altruist is launching a beta of a new affiliation model that provides advisors with compliance, custody and operational infrastructure to build independent practices without establishing their own firms. The company plans a broader launch in autumn. The firm has filed with the Securities and Exchange Commission to create Altruist Advisors, a registered investment advisor, and is awaiting regulatory approval. Advisors will affiliate as investment advisor representatives under a 1099 structure whilst maintaining client relationships and operating under their own brands. Altruist will handle SEC registration, ADV filings, marketing review, trade oversight and insurance coverage. Advisors receive access to Altruist's custodial platform and AI product, Hazel. The model targets advisors with $25 million to hundreds of millions in assets, particularly breakaway brokers seeking independence without operational burdens.