Altruvista LLC (Houston)

Name: Altruvista LLC
Address: 3555 Timmons Lane, Houston, TX, 77027
Telephone: 713-581-2440

Altruvista LLC is a large advisory firm based in Houston. It manages $197.06 million of regulatory assets for 227 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Texas.

Altruvista provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Altruvista: assets under management

The assets under management (AUM) of Altruvista LLC is $197.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $197.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $868.11 thousand each.

Altruvista has custody of $47.84 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altruvista LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Altruvista serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Altruvista is individuals with 38 clients and $178.51 million of assets under management. Among the 11 most similar advisory firms, Altruvista has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $190.53 million for 71 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Altruvista doesn't advise any private funds.

Careers at Altruvista LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ali Abbas Nasser	Cco	1 Aug 2009	75% - 100%	4798801

Based in Houston

The principal office where Altruvista LLC performs its advisory services is located at 3555 Timmons Lane, Houston, TX 77027, 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 713-581-2440 or by fax 713-581-2441. The normal business hours are 8:30 to 5:00 on Monday - Friday. You can find more information about the New York firm at altruvistawealth.com.