AltruShare Puts Wall Street To Work For Low-Income Communities
AltruShare Securities launched in 2006 on a platform of experience and technology to provide best execution brokerage services to institutional investors. We established AltruShare as an independent brokerage with one function, institutional brokerage services. This singular focus eliminates the potential for conflicting interests. We imbued AltruShare with deep professional expertise, state-of-the-art technology, competitive fees, and the unequaled personal attention and senior involvement characteristic of an independent firm. At that point, any similarity with other institutional brokerages ends.
But AltruShare Securities is NOT “business as usual”. We established AltruShare as a Community Investment Enterprise, a for-profit company owned by non-profit organizations that benefit low-income communities that are underserved by the capital resources that could turn them into economically thriving communities.
Majority ownership in AltruShare was given to two charitable foundations with a combined 40 years of experience in community-based philanthropy and investment - The Tides Foundation in California and Underdog Foundation in Vermont. In doing this we made an irrevocable commitment that the majority of AltruShare’s profits would always benefit low-income communities in the states where AltruShare conducts business.