{"id":6195,"date":"2026-06-18T13:10:41","date_gmt":"2026-06-18T17:10:41","guid":{"rendered":"https:\/\/altruist.com\/?p=6195"},"modified":"2026-06-18T14:33:28","modified_gmt":"2026-06-18T18:33:28","slug":"the-firm-that-invests-in-people-first","status":"publish","type":"post","link":"https:\/\/altruist.com\/advisor-stories\/the-firm-that-invests-in-people-first\/","title":{"rendered":"The firm that invests in people first"},"content":{"rendered":"
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Case study | <\/p>\n\n\n

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The firm that invests in people first<\/h1>\n<\/div>\n<\/section>\n\n\n
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About Bone Fide Wealth<\/h6>\n\n\n

New York City-based RIA managing ~$100M AUM. Founded in 2016 by Douglas Boneparth, CFP®. Specializes in serving millennials and next-generation investors and their families.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Why they switched<\/h6>\n\n\n

Legacy platforms couldn’t keep pace with the clients Bone Fide Wealth serves. They needed an intuitive and fast platform built for the future.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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The results<\/h6>\n\n\n

Switching to Altruist gave the firm back significant time, streamlined every corner of their practice, and made it possible to deliver a tech-forward experience to clients who demand nothing less.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n

Douglas Boneparth founded Bone Fide Wealth on one premise: invest in people before they’re ready to invest with you. It’s a philosophy forged from personal experience. <\/p>\n\n\n

In 2010, his wife Heather graduated from law school into a job market that had no interest in keeping pace with her student loan debt. Douglas watched their entire peer group face the same rude awakening. He recognized a generation that needed someone in their corner before they had anything to show for it. <\/p>\n<\/div>\n\n\n

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The early years<\/h2>\n<\/div>\n\n\n\n
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At the beginning, it was just Douglas helping peers refinance student loans, open their first bank accounts as adults, and figure out how to fill out a W-2. <\/p>\n\n\n

Over the years, those clients’ lives grew more complex, and so did the work: equity compensation, real estate decisions, tax planning, business ownership. As the firm grew, the question wasn’t whether it could keep going—it was how to deepen what made it different.<\/p>\n\n\n

That meant raising the bar on the client experience and building the infrastructure to do it at scale. That’s where Heather came in. <\/p>\n\n\n

She joined in 2023 as Director of Business and Legal Affairs, bringing the operational and legal rigor to make it possible, starting with a hard look at the tools they were using to serve clients.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n

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What the transition actually looked like<\/h2>\n<\/div>\n\n\n\n
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The clients Bone Fide Wealth serves don’t wait. They expect to log in at midnight and see their full financial picture, transfer money the moment an opportunity arises, and open an account the same day they decide to invest. Their advisors, and the tools they use, have to keep up.<\/p>\n\n\n

They turned to Altruist to make that speed possible. <\/p>\n\n\n

“We can now operate at the speed of our clients’ lives,” said Douglas. Whether that’s investing a windfall from a bonus or needing to close on a house, we can get this done in a moment’s notice, not a matter of days or sometimes weeks.”<\/h3>\n<\/div>\n<\/div>\n\n\n\n