PURCHASE, N.Y.--(BUSINESS WIRE)--Altium Wealth Management (Altium), a firm that focuses on serving high-net-worth individuals and families, today announces that Altelligence™, the firm’s proprietary investment management platform, is now available to the wealth management community and their accounting partners. The key features of Altelligence include strategic asset allocation, opportunistic rebalancing, and building diverse, risk-based, low-cost, and tax-efficient portfolios.
Through its outsourced CIO (oCIO) services and TAMP-like offering, firms and their clients can now benefit from Altium’s proprietary direct indexing strategies that generate significant tax alpha. Altelligence enables advisors to measure the value realized through tax management for each client, which has resulted in substantial savings for Altium clients during 2020. With tax rates potentially rising in the near future, the value of efficient tax management will only increase and Altelligence provides advisors, especially those operating in the high-net-worth marketplace, access to an outsourced solution that better demonstrates their value with clients and may positively impact returns.
“Financial advisors not only need to deliver an exceptional client experience, but one that also responds to the rise of customization that fosters focused, transparent and valuable relationships,” said Anthony DeStefano, CEO and Managing Director, Altium. “Our Altelligence platform has been a resounding success, delivering our clients significant value and empowering our advisors to differentiate themselves via tax efficient investing. We look forward to sharing this powerful resource with like-minded wealth managers industry-wide.”
Altium’s proprietary approach, which is largely automated by a trading algorithm, but administered by the firm’s portfolio managers, differs from other solutions that only apply direct indexing strategies to a sleeve of client portfolios. Altelligence enables advisors and portfolio managers to provide an added layer of customization that addresses risk tolerance, cash flow, highly concentrated positions, client preferences, and other behavioral factors by leveraging a direct indexing strategy across clients’ entire portfolios.
Combined with opportunistic rebalancing, Altium’s efficiency-based methodology accounts for the trading and tax cost of any trade. Altelligence is a powerful, outsourced solution that evaluates portfolios daily and can accelerate or decelerate each portfolio’s trades to stay within acceptable tax cost parameters.
The tax management focus behind Altelligence makes the platform a compelling solution for accounting firms seeking opportunities to deliver low-cost tax alpha for their clients. Through the AltiumAlliance®, the firm’s consulting business, Altium has a long history of working with strategic partners like CPAs, to enable them to provide further value to their clients.
For advisors and accountants who are interested in learning more about the Altelligence platform or AltiumAlliance®, please visit altiumwealth.com or feel free to reach out directly to Maria Basil: mbasil@altiumwealth.com.
About Altium
Altium Wealth Management (Altium) is a national Registered Investment Advisor (RIA) with $2.3B in assets under management that serves high net worth clients and families. Altium has developed a cutting-edge technology infrastructure, proprietary processes and resources, and strategic business relationships that not only enable financial advisors to maximize their value-add to clients, but also empowers professionals at accounting, legal and financial planning firms. Established in 2010, Altium’s client-centric service model is built on focus, transparency and providing financial results for the families its serves. The firm has been recognized by both the Financial Times (2020) and Financial Advisor magazine (2021) as a top independent RIA. For more information on Altium, please visit altiumwealth.com or follow at @AltiumWealth and Altium Wealth.
