Altruist strategy: free portfolio management to drive custody adoption

Altruist signaled an acquisition thesis in strategic pricing shift on October 10, 2023.

Primary

Altruist

Structure

strategic pricing shift

Date

October 10, 2023

Sub-sector

Wealthtech

Custodial platforms competing away stand-alone portfolio management software by bundling technology for free, disrupting $5K–$10K annual software spend.

Primary company

Altruist

Counterparty

—

Amount

—

Event date

October 10, 2023

Sub-sector

Wealthtech

HQ

—

Structure

strategic pricing shift

Source published

October 10, 2023

Publisher

InvestmentNews

Source: investmentnews.com