Sowell shares surge 11.03% after-hours after announcing Altruist partnership with Hazel AI platform for advisors.

Sowell Management surged 11.03% in after-hours trading following its announcement of a partnership with Altruist to provide custodial services and access to Hazel, Altruist’s AI platform. The collaboration aims to enhance advisors’ ability to grow practices, streamline workflows, and improve client outcomes through AI-driven tools for tax planning, communication, and task prioritization. Sowell’s CEO highlighted the strategic value of integrating Hazel, emphasizing its potential to level the playing field for small- to mid-sized advisors. The partnership aligns with Sowell’s focus on leveraging technology to strengthen its competitive position in the wealth management sector. The move underscores confidence in the firm’s ability to deliver scalable solutions amid industry evolution, directly supporting its growth trajectory.