Altruist Financial Advisors LLC (Holland)

Name: Altruist Financial Advisors LLC
Address: 3754 65 Th St, Holland, MI, 49423 9739
Telephone: 269-857-2743

Altruist Financial Advisors LLC is a large advisory firm based in Holland. It manages $198.29 million of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Michigan and Texas.

Altruist Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Altruist Financial Advisors: assets under management

The assets under management (AUM) of Altruist Financial Advisors LLC is $198.29 million. The firm's AUM has grown by 225% since the beginning of its operation, and $68.9 million of the total AUM is attributable to clients outside of the United States.

The firm manages $60.77 million in discretionary accounts and $137.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.73 million.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altruist Financial Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Altruist Financial Advisors serves?

The only and largest group of clients of Altruist Financial Advisors is high net worth individuals with 26 clients and $129.39 million of assets under management. Among the 7 most similar advisory firms, Altruist Financial Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $129.39 million for 26 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 10% of the firm’s clients are foreign persons or businesses.

Altruist Financial Advisors doesn't advise any private funds.

Careers at Altruist Financial Advisors LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Edward Haas	Member	1 Jan 2001	75% - 100%	4602909

Based in Holland

The principal office where Altruist Financial Advisors LLC performs its advisory services is located at 3754 65 Th St, Holland, MI 49423 9739, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 269-857-2743 or by fax 269-857-3753. The normal business hours are by appointment on Other. You can find more information about the New York firm at altruistfa.com.