The independent, regulated custodian that holds and safeguards your accounts.
Factor never takes custody of your money. Your accounts are held in your name at Altruist, an independent US custodian regulated by the SEC and FINRA that safekeeps assets for thousands of independent advisory firms. We can manage your investments, but we can never move your money out; withdrawals go only to accounts in your name, initiated by you.
Securities in your Altruist brokerage account are protected by SIPC up to $500,000 (including $250,000 for cash claims), and Altruist carries an excess-SIPC policy through underwriters at Lloyd's of London that extends per-account coverage by an additional $40 million. Cash awaiting investment can be swept to FDIC-insured partner banks.
Behind the scenes, Altruist encrypts all personal information at rest and in transit, requires two-factor authentication, completes an annual SOC 2 Type 2 examination by an independent auditor, and backs accounts with an asset protection guarantee that reimburses losses from unauthorized activity when basic security measures are maintained.
You get your own secure login, and your statements come directly from Altruist, not from us. That separation between the adviser who manages the plan and the custodian who holds the money is one of the most important protections you have.
Altruist Financial LLC, member FINRA/SIPC, is an independent custodian and is not affiliated with Factor Financial. SIPC protects securities if a brokerage fails; it does not protect against market losses.
Let’s have a quick chat about your retirement plan.
A relaxed, no-pressure conversation to see where you stand and whether working together makes sense.
