Altruistic Investing, LLC (Colorado Springs)

Name: Altruistic Investing, LLC
Address: 7680 Goddard Street, Colorado Springs, CO, 80920
Telephone: 719-290-9792

Altruistic Investing, LLC is an internet adviser based in Colorado Springs. It manages $2.34 million of regulatory assets for 57 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Colorado.

Altruistic Investing provides portfolio management for individuals and small businesses and robo-advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as insurance.

Altruistic Investing: assets under management

The assets under management (AUM) of Altruistic Investing, LLC is $2.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 429% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $41.12 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Altruistic Investing, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Altruistic Investing serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Altruistic Investing is individuals with 39 clients and $1.74 million of assets under management. Among the 4 most similar advisory firms, Altruistic Investing has the 2nd lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.34 million for 40 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Altruistic Investing doesn't advise any private funds.

Careers at Altruistic Investing, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Carl Bauer	Managing member	1 Jun 2017	75% - 100%	2892722
Stephen Daniel Heitzmann	Ceo/cco	1 Sep 2017	Other	5900481

Based in Colorado Springs

The principal office where Altruistic Investing, LLC performs its advisory services is located at 7680 Goddard Street, Colorado Springs, CO 80920, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 719-290-9792 or by fax 719-481-5915. The normal business hours are 9-5pm on Monday - Friday. You can find more information about the New York firm at altruisticinvesting.com/.