Altfest Personal Wealth Management

Altfest Personal Wealth Management


445 Park Avenue 6th Floor

New York, NY 10022


No. advisers: 37

AUM: $1,210,000,000

Asset Breakdown

Employees 37
High-net-worth individuals 51-75%
Financial planning clients More than 500
High-net-worth client assets Up to 75%
Percentage of assets under management Yes
Hourly charges Yes
Subscription fees No
Fixed fees Yes
Commissions No
Performance-based fees No
Total AUM Total Accounts Avg. Account AUM
Discretionary $1,200,000,000 2,730 $439,560
Non-discretionary 10000000 75 $133,333
Total $1,210,000,000 2,805 $431,373

Advice industry leaders focused on improving the digital client experience

June 26, 2019 - With most advisers on their way to having a core technology stack in place that digitizes much of their day-to-day tasks, industry leaders are now turning their attention from the back office to the front of the house. Because for many advisers, the technology...

Advisers have their sights set on these fintech tools

June 26, 2019 - Financial professionals who are increasingly competing with online digital advice firms are looking for their own set of digital advancements: tools that highlight the benefit of the human advice to clients and notifications to help advisers anticipate...

Creativity matters when planning for lone retirees

April 12, 2019 - When a client is an older woman, who has never married and has no children, or close relationships with other natural heirs to leave her considerable wealth to, extraordinary planning steps and creative thinking are needed. Multiple professionals must...

How technology is reshaping the advice business

June 23, 2018 - Two days of​ high-level talks with fintech experts, advisers, broker-dealers and custodians answered an important question for anyone looking for the perfect technology stack. It isn't out there. Perhaps most important is for firms to create an office...

Ways to improve adviser adoption of new technology

June 23, 2018 - Now that you have new tech, here's how to get advisers on board A lot is said about the benefits of technology for advisers, but less is said about how advisers can actually realize those benefits. After all, simply buying the latest gadget rarely, if...

Silicon Valley, AI hit the finance world

June 23, 2018 - As the world of adviser technology continues to expand with no end in sight, how does a firm go about building the ideal technology suite for advisers? Should firms invest in adding a digital-advice component to reach millennials? And how can advisers...

Technology issues test RIAs and custodians

November 4, 2017 - Gather the technology leaders of competing custodians and registered investment advisers of various sizes, and there are sure to be some disagreements about whether robo-advisers are a blessing or a curse and which are the greatest cybersecurity threats....

The Pros and Cons of Investment Outsourcing: Advisors Speak

November 4, 2016 - Findings of the recently released 2016 Study of Investment Management Outsourcing by Northern Trust and fielded by InvestmentNews Research reveal that 40% of advisors find great value in using third-party providers of investment management solutions....

Top advisers rejecting robo-advice model

August 9, 2016 - The nation's best performing independent advisory firms don't plan to add automated financial advice platforms to their list of services, even as lots of other firms are planning to go robo. Only 9% of “elite” registered investment advisers — those...

Which channels are yielding the most new client assets for RIAs?

January 14, 2016 - Independent financial advisers are increasingly finding clients from a range of investor pools, not just snagging most away from big-name brokerages. In some cases, they are even stealing them away from firms that look a lot like themselves. A new survey...

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Purchase the data and information contained in the RIA Data Center in an Excel spreadsheet.

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Reprints: For reprints of these rankings, please contact Laura Picariello.

*Methodology:InvestmentNews qualified 2,206 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2019. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2018, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) not one who is an insurance company or agency.


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