Add-on Acquisition • Financial Services

Altruist Acquires Shareholders Service Group

On March 15, 2023, Altruist acquired financial services company Shareholders Service Group

Acquisition Context

This is Altruist’s 1st transaction in the Financial Services sector.
This is Altruist’s 1st transaction in the United States.
This is Altruist’s 1st transaction in California.

Explore All 3084 Add-on Acquisition Financial Services Deals - Search the Database Free

M&A Deal Summary
Date	March 15, 2023
Target	Shareholders Service Group
Sector	Financial Services
Buyer(s)	Altruist
Deal Type	Add-on Acquisition
Advisor(s)	Broadhaven Capital Partners (Financial)

Target Company

Shareholders Service Group

San Diego, California, United States

Shareholders Service Group is a brokerage and custodial platform serving over 1,600 advisors across U.S. Shareholders Service Group was founded in 2002 and is based in San Diego, California.

Explore More Deals

Browse All 215,158 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

Altruist

Culver, California, United States

Category	Company
Founded	2018
Sector	Financial Services

DESCRIPTION

Altruist is a custodian for independent RIAs. Altruist combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing all in one streamlined solution. Altruist was founded in 2018 and is based in Culver City, California.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Financial Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2023	1 of 1

Explore Related M&A Activity

Financial Services M&A - Add-on Acquisition M&A Deals - California M&A - United States M&A - 2023 M&A