State-of-the-art digital platform provides direct access to a wide range of financial services from best-in-class global institutions, building a marketplace where different industry players, from custodians to financial planners, interact
Firm’s proprietary technology enables greater access, lower fees, and broader availability of products and services for the world’s growing investor class
Company has started serving the Latin American market, providing sophisticated investment services with institutional (preferential) pricing not available to the overwhelming majority of investors in the region
Altafid, a U.S. firm based in Austin that has built the first fiduciary financial-services marketplace, is expanding overseas to serve global investors by providing a full range of financial products, solutions, and expertise. Using a simple and transparent fee structure, the firm aims to provide true, comprehensive wealth management services, offering all aspects of personal wealth and financial planning encompassed in one broad offering. The latter includes wealth management, investments, tax-optimized strategies, estate planning, and soon, alternative investments and insurance products.
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“At the core of our mission is to become a trusted partner, acting as a true fiduciary, one that puts our clients’ interests first when it comes to managing their wealth,” says Vito Sciaraffia, PhD, founder and CEO of Altafid. “We do not reduce our offering to in-house solutions and products. Rather, through an advanced platform, we offer customers access to the best financial solutions, from a wide array of providers, with expert guidance along the way and at a fraction of the cost of incumbent firms. We offer these services while still retaining the human component of a traditional personal wealth consultant for each client, so that they can build a long-term financial plan that underpins all their wealth-related decisions.”
Technology-focused
The Altafid platform is a purpose-built ecosystem that enables customers to achieve their financial goals through superior technology and experienced professional advice. Altafid’s digital platform is empowered by an open architecture that enables the efficient integration of custodians, brokers, and insurance companies, with the ability to layer on additional services from these providers.
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For clients, both individual and institutional, Altafid’s technology focus reduces intermediaries and expands the number of options across all types of financial services. Individual investors gain both in terms of access and costs, without having to sacrifice the advantages that come from working with an advisor. The platform allows customers to directly monitor all decisions that they make with regard to investments, wills, insurance, and others. The client is always in control, which is core to Altafid’s value proposition: it helps build long-lasting trust between clients, advisors, and product providers.
“We are leveraging today’s most advanced cloud-native technology, including event-driven architecture, machine learning, and app extensions that enable real-time data collection, analysis, and intent prediction to maximize engagement with financial customers,” says Altafid’s CTO, Duc Hang. “Clients will receive personalized, high-touch fiduciary services, at affordable fees. They will be accessible either directly online or through their current financial advisors, whichever customers choose.”
Access to high-quality offshore asset management services includes leading global institutions, such as BlackRock, Dimensional Fund Advisors, JP Morgan, PIMCO, and State Street.
Technology to empower, not remove, human interaction
For wealth management and investment advisors, the platform also offers comprehensive analytics and data-driven intelligence, which gives professionals in the industry more time to focus on adding value, driving higher quality customer engagement and enhanced fiduciary alignment. Technology is deployed to empower, and not replace, advisors: it allows them to serve clients better, dedicating less time to operational tasks, and more to interacting directly with customers.
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