Press Releases > Nitrogen | Press Release: Nitrogen and Altruist Partner to Empower Today’s Financial Advisors

Nitrogen | Press Release: Nitrogen and Altruist Partner to Empower Today’s Financial Advisors

We’re thrilled to announce our integration with Altruist, allowing advisors to integrate information & appropriate risk management with a seamless investment experience. Read the full announcement below!

Nitrogen and Altruist Partner to Empower Today’s Financial Advisors

Industry leaders in risk assessment and seamless RIA technology announce their integration.

AUBURN, CALIFORNIA — October 27, 2021Nitrogen, formerly Riskalyze, which provides industry-leading risk assessment and portfolio analytics to tens of thousands of financial advisors, and Altruist, provider of an all-in-one custodial solution for modern registered investment advisors (RIAs), today announced their integration, which will be live next month. The power of these two brands coming together will allow advisors to integrate information and pair appropriate risk management with a seamless investment experience.

Altruist’s fully digital platform enables RIAs to start and grow their businesses on their own terms while helping more clients have a better experience with money. Advisors can open accounts online in minutes, build custom model portfolios, trade fractional shares commission-free, and rebalance automatically in one place at a low cost. Altruist helps advisors and their clients alike by reducing barriers to providing and accessing great independent financial advice—automating away tedious tasks and eliminating the need for things like high client account minimums.

“Nitrogen and Altruist share a mission of wanting financial advisors to have the best resources at their fingertips to help clients make sound investment decisions,” said Aaron Klein, Co-Founder and CEO at Nitrogen. “Both of our firms are passionate about designing beautiful experiences in which advisors can do their best work on behalf of investors.”

The integration signifies Nitrogen’s and Altruist’s commitment to supporting advisors by helping them deliver world-class client experiences.

“Nitrogen strongly shares our belief in putting advisors’ and their clients’ needs first, which is one of the reasons we’re thrilled about this integration,” said Jason Wenk, Founder and CEO at Altruist. “In addition, kicking off a partnership with the Nitrogen team is beyond exciting as we work together to deliver a seamless experience for advisors and provide them with the essential tools they demand.”

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About Nitrogen

Nitrogen is the company that invented the Risk Number®, which powers the world’s first Risk Alignment Platform and was built on top of a Nobel Prize-winning academic framework. Advisors, broker-dealers, RIAs and asset managers use the Nitrogen platform to create alignment between clients and portfolios, leverage sophisticated analytics to increase the quality of their advice, automate client engagement, and more — all with the mission of empowering the world to invest fearlessly. To learn more, visit

About Altruist

Altruist is a Los Angeles-based fintech company that makes independent financial advisors more efficient, affordable, and accessible to more people. The team provides advisors with cutting-edge tools through a sophisticated platform that substantially lowers costs. As an entirely digital brokerage, Altruist helps advisors give their clients a better experience with money.


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