# Altfest Personal Wealth Management

Altfest Personal Wealth Management is a Multi Family Office based in New York, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 445 Park Avenue, New York, NY
- **Founded:** 1983
- **Assets under management:** 1.7B (per Forbes, 2025)
- **Website:** altfest.com
- **LinkedIn:** https://www.linkedin.com/company/altfestpersonalwealthmanagement

## Regulatory record

- **CRD number:** 110130
- **SEC file number:** 801-18320
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-04T06:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/110130

## About

Lewis J. Altfest established the firm in 1983 after operating a fee-only advisory business. 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.

## Sectors

- Real Estate
- Hedge Funds
- Private Equity
- FinTech
- Digital Assets

## People

- Lewis J. Altfest — Founder, CEO and Chief Investment Officer
- Karen C. Altfest — Executive Vice President
- Andrew Altfest — President

## Questions

### Who runs investment decisions at Altfest Personal Wealth Management?

Lewis J. Altfest serves as CEO and Chief Investment Officer. Andrew Altfest holds the role of President. The firm uses in-house CFAs and CFPs for portfolio construction and planning.

### Does Altfest Personal Wealth Management participate in fund commitments or only direct deals?

The firm creates and manages proprietary vehicles including Altfest Alternative Value Fund I and Arden Woods Real Estate funds. It also maintains public equity and ETF positions alongside select private holdings such as FP Alpha.

### What investment stages does Altfest Personal Wealth Management typically target?

The firm focuses on liquid markets, opportunistic real estate, and established alternative strategies. It does not publish stage preferences for venture or growth equity.

### How is Altfest Personal Wealth Management related to FP Alpha?

Andrew Altfest, President of the firm, founded and commercialized FP Alpha, an AI-driven platform initially developed for internal use at Altfest.

### What is Altfest Personal Wealth Management's known posture on co-investments alongside external GPs?

The firm has not disclosed participation in third-party co-investments. Its alternative exposure occurs primarily through proprietary funds and public market positions.

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Last updated: 2026-08-10T15:58:45.833Z

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