Case Study: Altruist Achieves Industry-First Self-Clearing Platform with Vention

An all-in-one platform for savvy financial advisors

Altruist, a full-service custodial investment platform for registered investment advisors (RIAs), sought to move away from legacy custodian services with hidden fees and poor support. Their challenge was to build a proprietary self-clearing system to handle trades without third-party involvement, requiring seasoned engineers skilled in Java, microservices, and event-driven systems. They engaged Vention for software development to address this.

Vention formed a dedicated team to build the resilient, event-driven self-clearing platform from scratch. The solution included an automated customer account transfer process and a middle-office app, which boosted Altruist's operational efficiency, compliance, and decision-making. This custom-built software enabled Altruist to become the industry's first all-in-one custodian and created a new revenue stream by offering clearing as a service.

Altruist