Broker Check

Money Market Fund with a 5.07%* Yield

We are delighted to announce, that Lake Avenue Financial is able to offer an online money market fund that currently yields 5.07%*.

Because of our relationship with Altruist, our money market account has no fees or restrictions. You can set up your account with as little as $25,000 and can add or withdraw funds at any time.

If you have cash sitting in a checking or savings account that is not really earning much, take advantage of this offer at no cost to you. If you’re interested in setting up your money market account, just click the link below.

Have more questions? Check out our FAQ section below. 

<br data-mce-bogus="1">A Delightful Experience

A Delightful Experience

At Lake Avenue Financial, we want to help you reach your financial goals quicker and with less stress. That's why we have partnered with Altruist, a technology platform that will remove the friction from managing your money and make it easy for us to do our best work.

<br data-mce-bogus="1">No More Complicated Software

No More Complicated Software

Altruist has brought together all the essential advisor tools into one easy-to-use platform, from opening accounts and managing investments to analyzing a portfolio and providing efficient client service. This frees up time and enables us to focus on serving you even better!

<br data-mce-bogus="1">More Efficient Investing

More Efficient Investing

With access to commission-free fractional shares using Altruist, we can invest your money in high-quality assets, no matter the price. By lowering costs and empowering us to be more efficient with your portfolio, you have the opportunity to reach your goals faster.

<br data-mce-bogus="1">Mobile App

Mobile App

Altruist gives our clients an all-access pass to their financial future. It’s a breeze to stay in-the-know about your portfolio and connect with us using the app. You can also open and fund accounts online in minutes with no paper at all.


Is the Money Market account really free?

Yup! There are no fees associated with this account.

What is the minimum amount to open up a Money Market account?

You can set up your account with as little as $25,000 and can add or withdraw funds at any time.

Is it easy to add of withdraw funds?

Once you open up your account, you'll be able to link your bank account (see below) via ACH and can add or withdraw funds at any time. After we sell your money market fund, it usually takes 2-3 business days to process this ACH.

Does Altruist have a mobile app?

Altruist offers a mobile app in both the Apple App Store and Google Play Store.

How do I log into my Altruist account on the web?

Click here to access the Altruist client portal. 

What protection does Altruist offer its account holders?

Altruist Financial LLC is a member of the Securities Investor Protection Corporation (SIPC), which means securities held in your brokerage account are protected up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at In addition, Altruist Financial LLC carries an excess SIPC policy with underwriters at Lloyd’s of London, which extends the per account coverage by an additional $40 million (with a cash sub limit of $1,000,000), subject to an aggregate limit of $150 million. Repurchase agreements, reverse repurchase and stock loan transactions, as well as certain mutual funds, may not be covered by the excess SIPC bond.

*Current 7-Day Yield as of 7/25/2023. The 7-Day Yield is the average income return over the previous seven days, assuming the rate stays the same for one year.