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Financial Advisory  + RIAs & Financial Advisors  | 
Altruist Launches FIX Trading Integrations to Power Scalable RIA Operations 

Altruist Launches FIX Trading Integrations to Power Scalable RIA Operations 

Altruist, a Los Angeles-based custodian for RIAs, has introduced institutional-grade FIX trading integrations with Orion and Advyzon, allowing advisors to execute trades in real time directly from their preferred platforms—eliminating the need for manual trade files or duplicative workflows. 

Built for multi-advisor RIAs operating at scale, these integrations enable firms to preserve their existing tech stack while gaining access to automated execution, end-to-end operational transparency, and a custody platform engineered for growth. 

“For advisors who’ve built their businesses around tools like Advyzon and Orion, but lacked a modern custodian to match, we’re solving that,” said Jason Wenk, founder and CEO of Altruist. 

Key features of Altruist’s FIX infrastructure include direct FIX trading from Orion Eclipse and Advyzon Quantum, live connection monitoring through a dedicated UI, guided workflows for average price and error accounts setup, and unified firm accounts dashboard for billing, corrections, and oversight. 

Setup is fully digital, with most firms going live within days, according to the company. Once integrated, advisors can trade directly from Orion or Advyzon without adding new systems—simplifying execution and reducing operational friction. 

The Orion and Advyzon integrations are now available to all Altruist users. Additional platform partnerships are expected later this year. 

This launch follows Altruist’s $152 million Series F funding round in April, led by GIC, Singapore’s sovereign wealth fund, bringing the company’s valuation to $1.9 billion. The round comes on the heels of a $169 million Series E round in May 2024, bringing total funding to over $602 million.   

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Altruist

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.