Altfest L J & Co. Inc.
Altfest Personal Wealth Management (L.J. Altfest & Co., Inc.) is a New York-based fee-only fiduciary Registered Investment Adviser (RIA) founded in 1983. Renowned as a trailblazer in independent, conflict-free advice, the firm specializes in comprehensive financial planning and investment management for high-net-worth individuals and families, typically serving those with $1 million or more in investable assets. With a team of experienced professionals, Altfest provides tailored solutions encompassing investments, retirement, tax, estate planning, education, and cash flow management. The firm emphasizes a personalized approach and serves middle and upper-middle class households who want access to services traditionally reserved for family offices or ultra-wealthy clients.
Investment Strategy
Altfest employs a customized, client-centric approach to investment management, focusing on portfolio diversification, risk reduction, and the pursuit of value-oriented opportunities. Every portfolio is individually constructed after a detailed assessment of the client’s goals, time horizons, risk tolerance, and personal circumstances. The firm relies on active account management, regular portfolio evaluation, and stress testing against market scenarios. As a fee-only fiduciary, Altfest avoids commission-based incentives, aligning its compensation strictly with client success. Their philosophy emphasizes objective, transparent advice which integrates tax-efficiency, estate planning, and long-term financial security, always prioritizing clients' best interests.
Top Holdings
Equity Positions (329)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QQQM | INVESCO EXCH TRADED FD TR II | 5.47% | $49.0M | 198,336 | $225.51 | $247.12 | +$3.7M |
U UTEN | RBB FD INC | 4.78% | $42.8M | 968,781 | $44.68 | $44.22 | -$3.6M |
S STIP | ISHARES TR | 4.38% | $39.3M | 380,108 | $102.93 | $103.36 | -$5.6M |
M MINV | MATTHEWS ASIA FDS | 4.00% | $35.8M | 964,747 | $25.61 | $37.12 | +$6.0M |
V VTIP | VANGUARD MALVERN FDS | 3.62% | $32.4M | 640,169 | $50.22 | $50.63 | +$14.4M |