Altman Advisors
Altman Advisors is a Chicago-based independent Multi-Family Office providing asset management, integrated family office, and philanthropic advisory services for ultra-high-net-worth families with $5M+ investable assets, emphasizing multi-generational wealth planning across a 15-person team managing $450M+ in AUM.
- Company typePrivate
- Founded1977
- HeadquartersChicago, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Altman Advisors does
Altman Advisors is a Chicago-based, privately held Multi-Family Office and Registered Investment Adviser serving ultra-high-net-worth families with a $5M minimum investable asset threshold. The firm operates a fully integrated wealth platform built around three core service lines — Family Office Services (multi-generational financial planning, tax, estate, and bill pay), Asset Management (eight proprietary strategies spanning Conservative through Aggressive risk profiles plus Fixed Income, Cash Management, and a Core Equities strategy), and Philanthropic Advisory Services (Donor-Advised Fund administration via DAFgiving360) — supplemented by Next Generation Services for rising family members. Its proprietary Altman Wealth Intelligence Platform, built on BDReporting and integrated with Charles Schwab and Interactive Brokers, provides consolidated portfolio reporting, performance tracking, and asset allocation views to clients.
The firm's roots trace to 1977 under founder Sheldon Altman; the business moved from Oppenheimer & Co. to UBS before relaunching independently in 2016 under CEO Benjamin Altman with his father as Chairman. Altman Advisors reports $450M+ AUM as of 2025, up from $200M in 2011, served by a 15-person team. A fee-based discretionary AUM pricing model aligns compensation with client outcomes, while the Supernova service model mandates monthly touchpoints, one-hour rapid response times, and a 365-day structured onboarding process.
Go-to-market is overwhelmingly referral-driven, with over 97% of clients referred by existing clients and three quarters engaging across multiple generations. A parallel growth lever is the Advisors Hub, a platform that onboards entrepreneurial independent advisors into the firm's infrastructure. The client base is concentrated by design — a curated set of UHNW families served by dedicated private service teams — and the firm emphasizes long-duration, multi-generational relationships over volume growth.
Altman Advisors firmographics
Firmographics- Name
- Altman Advisors
- Legal name
- Altman Advisors
- Website
- https://altmanadvisors.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Altman Advisors is a Chicago-based independent Multi-Family Office providing asset management, integrated family office, and philanthropic advisory services for ultra-high-net-worth families with $5M+ investable assets, emphasizing multi-generational wealth planning across a 15-person team managing $450M+ in AUM.
- Ownership category
- akta.pro rank
Altman Advisors industry classification
Industry- Product category
- Multi-Family Office Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH)
Keywords
Where Altman Advisors is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Altman Advisors business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Fee-based Discretionary Portfolio Management: Discretionary fee-based portfolio management where advisors charge a percentage of assets under management, aligning compensation with client financial success. Adopted Supernova client service model with regular monthly appointments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | High-net-worth family minimum with $5M AUM minimum for new clients |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Altman Advisors product offering
Product offeringCore offering
Altman Advisors is an independent fiduciary Multi-Family Office that delivers integrated wealth management and family office services to ultra high-net-worth families with a $5 million minimum in investable assets. Core offerings include multi-generational financial planning, discretionary fee-based asset management across eight proprietary investment strategies, philanthropic advisory with Donor-Advised Fund administration, tax and estate planning, bill pay services, and next-generation education programs.
Product overview
Altman Advisors is a Multi-Family Office providing integrated wealth management services for high-net-worth families. The company operates a platform-plus-services model centered on three core offerings: Family Office Services (strategic multi-generational financial planning with investment oversight), Asset Management Services (institutional-quality investment management across eight proprietary strategies: Core Equities, Aggressive, Moderately Aggressive, Moderate, Moderately Conservative, Conservative, Fixed Income, and Cash Management), and Philanthropic Advisory Services (including Donor-Advised Fund administration via DAFgiving360). Supporting offerings include Next Generation Services for rising family members, the Altman Wealth Intelligence Platform for portfolio monitoring, and Advisors Hub—a platform enabling entrepreneurial advisors to leverage the firm's infrastructure, EOS business framework, and Supernova practice management model. All services are aligned around a proprietary Financial Independence Plan framework for each client.
Differentiator
Problem solved
Functional benefit
Brands
- DAFgiving360: Donor-Advised Fund platform used by Altman Advisors for philanthropic advisory services, enabling clients to manage charitable giving with tax benefits.
Products and services
- Family Office Services Strategic multi-generational long-term financial planning for select families, focused on wealth preservation and growth, providing integrated planning, investment oversight, and multigenerational guidance including tax planning, estate planning, and bill pay services.
- Asset Management Services Tailored portfolios aligned to client goals, risk tolerance, and time horizons, built with tax efficiency, downside protection, and multigenerational outcomes in mind, delivering institutional-quality investment management across eight proprietary strategies.
- Philanthropic Advisory Services Guides families in researching meaningful causes, establishing and growing foundations, and creating longer time horizons for charitable giving, including Donor-Advised Fund administration through the DAFgiving360 platform.
- Next Generation Services Provides tailored education, mentorship, and engagement for rising family members, empowering them with financial fluency, stewardship values, and a sense of purpose in managing family wealth.
- Advisors Hub A platform enabling entrepreneurial advisors to grow their practice by providing access to Family Office expertise, institutional-grade asset management capabilities, and world-class business systems including EOS and Supernova practice management models.
- Altman Wealth Intelligence Platform An online client portal providing continuous access to view portfolios, including asset allocation, values, and performance-tracking capabilities, with consolidated reporting and complete performance history.
- Financial Independence Plan A multi-generational comprehensive plan addressing investments, estate, tax optimization, legacy development, and more, designed to help clients protect, grow, and pass on wealth with confidence.
Quantifiable outcome
- Improved retirement probability from 82% to 91% through better asset allocation
- +1 more outcomes
Companies that use Altman Advisors
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Altman Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature1 record
Altman Advisors partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Charles SchwabcoreCharles Schwab integration provides clients access to their Schwab statements and tax documents, as well as real-time data on equities through the Altman Wealth Intelligence Platform.
- Interactive BrokerscoreInteractive Brokers integration provides clients access to their Interactive Broker statements and tax documents, as well as real-time data on equities through the client portal.
- BDReportingcoreThird-party reporting platform used for the Altman Wealth Intelligence Platform, providing consolidated reporting with complete performance history.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Altman Advisors competitors and assessment
Company assessmentBroad incumbents
- Brown Brothers Harriman Wealth Management: Long-established private bank and wealth manager serving HNW and UHNW families with banking, investment and trust services. Overlaps Altman in HNW advisory but offers a broader banking and fiduciary platform.
- BNY Mellon Wealth Management: Large-scale wealth manager offering investment management, wealth planning, trust and private banking services to HNW and UHNW clients. Comparable client segment but vastly broader scale and product set.
- J.P. Morgan Private Bank: Global private bank serving UHNW individuals and families with investment management, lending, trust and family office services. A scaled incumbent that competes with Altman for the upper end of the HNW market.
Regional players
- Kovitz Investment Group: Chicago-based private investment manager serving HNW families and institutions with discretionary portfolio management. Comparable as a Chicago-anchored RIA serving similar HNW clients, though without Altman's explicit multi-family-office framing.
Direct peers
- Rockefeller Capital Management: Private multi-family office offering wealth management, investment advisory and family office services to UHNW families. Comparable to Altman on UHNW focus, multi-generational planning and discretionary portfolio management.
- Cresset: Multi-family office serving HNW and UHNW families with integrated investment, planning and family governance services. Comparable to Altman Advisors on client profile, fee-based model and family-office offering set.
- Bessemer Trust: A leading U.S. multi-family office serving wealthy families across multiple generations with integrated investment management, estate and advisory services. Highly comparable to Altman Advisors in target client, multi-generational focus and family-office breadth.
- Mariner Wealth Advisors: National wealth advisory firm offering family office-style services including investment management, tax, estate and financial planning to HNW families. Comparable in client profile and integrated planning offering.
- Glenmede: Independent, privately held investment and wealth management firm with a strong multi-generational family-wealth orientation. Closely comparable to Altman's HNW/UHNW, multi-generational RIA model.
- Cerity Partners: Wealth management and advisory firm formed by combining several HNW-focused RIAs, providing investment management, financial planning and family office services. Similar in HNW family focus and integrated service model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Altman Advisors social profiles
Digital presenceAltman Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Altman Advisors leadership team
Management profileNumber of profiles
Profiles11 records
Altman Advisors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Altman Advisors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Altman Advisors
What does Altman Advisors do?
Altman Advisors is an independent fiduciary Multi-Family Office that delivers integrated wealth management and family office services to ultra high-net-worth families with a $5 million minimum in investable assets. Core offerings include multi-generational financial planning, discretionary fee-based asset management across eight proprietary investment strategies, philanthropic advisory with Donor-Advised Fund administration, tax and estate planning, bill pay services, and next-generation education programs.
Is Altman Advisors a public or private company?
Altman Advisors is a private company. It is classified as family owned and is currently operating.
When was Altman Advisors founded?
Altman Advisors was founded in 1977. It employs 1 to 10 people.
Where is Altman Advisors based?
Altman Advisors is headquartered in Chicago, United States, in the North America region.
How does Altman Advisors make money?
One revenue line is on record: fee-based Discretionary Portfolio Management.
Who are Altman Advisors's main competitors?
Broad incumbents on record are Brown Brothers Harriman Wealth Management, BNY Mellon Wealth Management and J.P. Morgan Private Bank. Kovitz Investment Group is listed as a regional player. Direct peers are Rockefeller Capital Management, Cresset, Bessemer Trust, Mariner Wealth Advisors, Glenmede and Cerity Partners.
Does Altman Advisors have an API?
No public API is recorded for Altman Advisors.
What industry is Altman Advisors in?
Altman Advisors's product category is Multi-Family Office Wealth Management. Its primary akta.pro industry code is FSAAACAH, Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite). Its NAICS code is 523940 and its SIC code is 6282.