Altfest Personal Wealth Management

Altfest Personal Wealth Management

Lewis J. Altfest established the firm in 1983 after operating a fee-only advisory business. The wealth originated from that practice, which later opened to other families and evolved into a multi-family office structure. Karen C. Altfest and Andrew Altfest hold senior roles and continue the family-led model. The firm allocates across real estate, hedge funds, private equity, and digital assets. It maintains three vintages of Arden Woods Real Estate funds focused on distressed residential properties in the Northeast, Midwest, and South. It also manages Altfest Alternative Value Fund I as a fund-of-hedge-funds vehicle and holds public positions such as QQQM and UTEN. Geographic exposure includes North America and Asia. Confirmed holdings include FP Alpha, an AI platform commercialized from internal use. Assets stand at $1.7 billion. The firm employs in-house CFPs and CFAs for tax, estate, and philanthropic planning. It maintains relationships with custodians Charles Schwab and Fidelity. Andrew Altfest launched FP Alpha in 2020. Karen Altfest has served on boards including Yorkville Common Pantry and CUNY Graduate Center Foundation. The firm creates and manages proprietary vehicles offered only to its clients, including real estate and alternative value funds. This structure generates management fees while providing differentiated access. Lewis J. Altfest remains a founding member of NAPFA, which shaped the firm's fiduciary posture from inception.