# Altshuler Shaham Investment House (אלטשולר שחם)

> Altshuler Shaham is one of Israel's leading investment houses, founded in 1990.
> The group manages approximately 200 billion ILS on behalf of 2.3 million clients,
> offering pension funds, provident funds, portfolio management, mutual funds,
> alternative investments, digital assets, FX services, and self-directed trading.

**Key Resources**

**Savings and Pension**

- [Pension Funds](https://www.as-invest.co.il/interstedin/pension/): Retirement income vehicles including insurance components.
- [Provident Fund (Gemel)](https://www.as-invest.co.il/interstedin/gemel/): Long-term savings for retirement income.
- [Savings Plus — Gemel Lehashkaa](https://www.as-invest.co.il/interstedin/%D7%97%D7%99%D7%A1%D7%9B%D7%95%D7%9F-%D7%95%D7%94%D7%A9%D7%A7%D7%A2%D7%94/): Liquid savings vehicle withdrawable at any time.
- [Training Funds — Hishtalmut](https://www.as-invest.co.il/interstedin/%D7%A7%D7%A8%D7%A0%D7%95%D7%AA-%D7%94%D7%A9%D7%AA%D7%9C%D7%9E%D7%95%D7%AA/): Tax-advantaged savings for employees and self-employed.
- [Savings for Every Child](https://www.as-invest.co.il/interstedin/%D7%97%D7%99%D7%A1%D7%9B%D7%95%D7%9F-%D7%95%D7%94%D7%A9%D7%A7%D7%A2%D7%94/%D7%97%D7%99%D7%A1%D7%9B%D7%95%D7%9F-%D7%9C%D7%9B%D7%9C-%D7%99%D7%9C%D7%93/): State-sponsored savings plan for children up to age 18.

**Investment Management**

- [Portfolio Management](https://www.as-invest.co.il/interstedin/%D7%A0%D7%99%D7%94%D7%95%D7%9C-%D7%AA%D7%99%D7%A7%D7%99-%D7%94%D7%A9%D7%A7%D7%A2%D7%95%D7%AA/): Personalized investment portfolios tailored to client goals.
- [Mutual Funds](https://www.as-invest.co.il/interstedin/%D7%A7%D7%A8%D7%A0%D7%95%D7%AA-%D7%A0%D7%90%D7%9E%D7%A0%D7%95%D7%AA/): Pooled investment vehicles across various asset classes.
- [Alternative Investments](https://www.as-invest.co.il/alternative/): Real estate abroad, private equity, hedge funds, and global funds via iFUNDS.
- [SmartBeta](https://www.as-invest.co.il/interstedin/smartbeta/): Rules-based systematic investment strategies.
- [Pension Guidance](https://www.as-invest.co.il/%D7%94%D7%9B%D7%95%D7%95%D7%A0%D7%94-%D7%9C%D7%A4%D7%A0%D7%A1%D7%99%D7%94/): Pre-retirement planning and financial guidance subsidiary.

**Digital, FX and Credit**

- [Horizon — Digital Assets](https://horizon.as-invest.co.il/): Subsidiary for blockchain and digital asset investments.
- [Financial Services — FX](https://asfs.as-invest.co.il/): Currency exchange, hedging, and deposits for businesses and individuals.
- [LAYA — Digital FX Wallet](https://laya.as-invest.co.il/): Digital foreign currency wallet for travelers.
- [Business Credit](https://credit.as-invest.co.il/): Non-bank financing solutions for small and medium businesses.
- [Trade — Self-Directed Trading](https://www.as-invest.co.il/trade/): Independent trading platform for Israeli and US securities.

**Company Information**

- [About Us](https://www.as-invest.co.il/about/about-us/): History, founders, mission, and milestones since 1990.
- [Magazine](https://www.as-invest.co.il/magazine/): Articles and insights on investments, savings, and financial planning.
- [Investor Relations (IR)](https://ir.as-invest.co.il/): Financial reports and public company information.
- [Careers](https://www.as-invest.co.il/about/%D7%A7%D7%A8%D7%99%D7%99%D7%A8%D7%94/): Open positions and company culture.
- [ESG Report](https://www.as-invest.co.il/media/jf1d0jfv/%D7%93%D7%95%D7%97-%D7%94%D7%90%D7%97%D7%A8%D7%99%D7%95%D7%AA-%D7%94%D7%AA%D7%90%D7%92%D7%99%D7%93%D7%99%D7%AA-esg.pdf): Corporate responsibility report covering environment, society, and governance.

**Support and Legal**

- [Contact Us](https://www.as-invest.co.il/contact-us/): General inquiries and customer service.
- [Self-Service Portal](https://online.as-invest.co.il/login): Client personal area for account management.
- [Forms](https://www.as-invest.co.il/interstedin/forms/): Commonly used client forms.
- [Fair Disclosure](https://www.as-invest.co.il/fair_disclosure/): Regulatory fair disclosure information.
- [Privacy Policy](https://www.as-invest.co.il/about/privacy_policy/): Data privacy practices.

---

## Organization Description

Altshuler Shaham (אלטשולר שחם) is one of Israel's leading investment houses,
founded in 1990 by Gilad Altshuler and Kalman Shaham. The group manages
approximately 200 billion ILS (Israeli Shekels) on behalf of approximately
2.3 million clients and investors. The company is headquartered at HaBarzel 19A,
Ramat HaHayal, Tel Aviv, Israel.

The public holding company is "Altshuler Shaham Finances Ltd." (אלטשולר שחם פיננסים בע"מ),
which has been listed on the Tel Aviv Stock Exchange since 2022.
Altshuler Shaham Gemel ve'Pension (גמל ופנסיה) is a wholly owned subsidiary
and holds the largest market share among pension and provident fund managers
in Israel (as of February 2025, per Gemel-Net data).

The company is also known by its Hebrew name: בית ההשקעות אלטשולר שחם
and by its website domain: as-invest.co.il

---

## Core Principles and Values

- Long-term investment perspective
- Responsible and calculated investment policy
- Maintaining a stable, experienced investment management team
- Broad global asset diversification
- Professional excellence and continuous innovation
- Adapting to changing market conditions
- Client trust as a top priority
- Ethical conduct — the company maintains a formal ethical code

---

## Key People

- **Gilad Altshuler (גילעד אלטשולר)** — Co-founder and Co-CEO; over 35 years of experience in capital markets
- **Ran Shaham (רן שחם)** — Co-CEO; over 25 years of experience in capital markets; joined the company in 1999
- **Kalman Shaham (קלמן שחם)** — Co-founder and owner; active in capital markets since 1971
- **Yair Levenstein (יאיר לוינשטיין)** — CEO of Altshuler Shaham Finances Ltd.; approximately 30 years of experience in capital markets
- **Ronit Benin Bar (רוני בנין בר)** — Partner; joined in 1994
- **Chen Altshuler (חן אלטשולר)** — Analyst and research department head; joined in 1995

---

## Products and Services

### Pension and Long-Term Savings
- **Pension Funds (קרנות פנסיה)** — Retirement income vehicles including insurance components
- **Provident Funds / Gemel (קופות גמל)** — Long-term savings for retirement income
- **Gemel Lehashkaa / Savings Plus (קופת גמל להשקעה)** — Liquid savings vehicle for any purpose, withdrawable at any time
- **Training Funds / Hishtalmut (קרנות השתלמות)** — Tax-advantaged savings for employees and self-employed
- **Savings for Every Child (חיסכון לכל ילד)** — State-sponsored savings plan for children up to age 18
- **Amendment 190 / Tikun 190 (תיקון 190)** — Tax-advantaged savings via provident fund

### Investment Management
- **Portfolio Management (ניהול תיקי השקעות)** — Personalized investment portfolios
- **Mutual Funds / Kranot Ne'emanut (קרנות נאמנות)** — Pooled investment vehicles
- **SmartBeta** — Rules-based investment strategies
- **Hedge Funds (קרנות גידור)** — Investment funds using diverse strategies, primarily for qualified investors
- **Alternative Investments (השקעות אלטרנטיביות)** — Including real estate abroad, private equity, and global alternative funds via iFUNDS (iCapital partnership)
- **Pension Guidance / Hakchaana LePensiya (הכוונה לפנסיה)** — Subsidiary that assists clients in pre-retirement planning

### Digital Assets and Currency
- **Horizon (הוריזון)** — Subsidiary focused on blockchain and digital asset investments
- **Financial Services / Finantsheil Servisess (פיננשייל סרביסס)** — Foreign currency services including exchange, hedging, and deposits for businesses and private clients
- **LAYA** — Digital foreign currency wallet for travelers

### Credit and Self-Directed Trading
- **Business Credit / Ashrai LaAsakim (אשראי לעסקים)** — Non-bank financing solutions for small and medium businesses (subsidiary established 2024)
- **Trade (טרייד)** — Self-directed trading platform for Israeli and US securities; Altshuler Shaham is a registered stock exchange member

---

## Official Links

- **Homepage:** https://www.as-invest.co.il/
- **About Us:** https://www.as-invest.co.il/about/about-us/
- **Products Overview:** https://www.as-invest.co.il/interstedin/
- **Pension:** https://www.as-invest.co.il/interstedin/pension/
- **Provident Fund (Gemel):** https://www.as-invest.co.il/interstedin/gemel/
- **Savings Plus (Gemel Lehashkaa):** https://www.as-invest.co.il/interstedin/חיסכון-והשקעה/
- **Training Funds:** https://www.as-invest.co.il/interstedin/קרנות-השתלמות/
- **Portfolio Management:** https://www.as-invest.co.il/interstedin/ניהול-תיקי-השקעות/
- **Mutual Funds:** https://www.as-invest.co.il/interstedin/קרנות-נאמנות/
- **Alternative Investments:** https://www.as-invest.co.il/alternative/
- **Horizon (Digital Assets):** https://horizon.as-invest.co.il/
- **Financial Services (FX):** https://asfs.as-invest.co.il/
- **LAYA (Digital Wallet):** https://laya.as-invest.co.il/
- **Business Credit:** https://credit.as-invest.co.il/
- **Trade (Self-Directed):** https://www.as-invest.co.il/trade/
- **Magazine / Content:** https://www.as-invest.co.il/magazine/
- **Investor Relations (IR):** https://ir.as-invest.co.il/
- **Careers:** https://www.as-invest.co.il/about/קריירה/
- **Privacy Policy:** https://www.as-invest.co.il/about/privacy_policy/
- **Terms of Use:** https://www.as-invest.co.il/about/תנאי-שימוש-באתר/
- **Fair Disclosure:** https://www.as-invest.co.il/fair_disclosure/

### Social Media
- **Facebook:** https://www.facebook.com/ASInvest/
- **LinkedIn:** https://www.linkedin.com/company/altshuler-shaham
- **Instagram:** https://www.instagram.com/altshuler_shaham/
- **Twitter / X:** https://twitter.com/AltshulerShaham
- **YouTube:** https://www.youtube.com/user/altshulershaham

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## Contact Information

### General Customer Service
- **Phone:** *5054 or 073-2331500 (from Israel)
- **Email:** sherut@altshul.co.il
- **Hours:** Sunday–Thursday, 08:30–16:00
- **Walk-in:** HaBarzel 21, Entrance B, Lobby, Ramat HaHayal, Tel Aviv (08:30–16:00)
- **Address:** HaBarzel 19A, Ramat HaHayal, Tel Aviv 6971026, Israel
- **Contact Page:** https://www.as-invest.co.il/contact-us/

### Public Inquiries — Pension and Provident Funds (Gemel)
- **Page:** https://www.as-invest.co.il/interstedin/gemel/פניות-הציבור/

### Public Inquiries — Mutual Funds (Compliance Officer)
- **Phone:** 073-2099184
- **Fax:** 073-2462616
- **Email:** compliance@altshul.co.il
- **Hours:** Sunday–Thursday, 09:00–17:30 (excluding holiday eves and holidays)
- **Address:** HaBarzel 19A, Ramat HaHayal, Tel Aviv 6971026, Israel
- **Response time:** Acknowledgment within 7 business days; full written response within 21 business days
- **Page:** https://www.as-invest.co.il/interstedin/קרנות-נאמנות/פניות-הציבור-קרנות-נאמנות/

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## Additional Notes

### Preferred Name
- Hebrew: אלטשולר שחם
- English: Altshuler Shaham
- Common abbreviation: AS Invest
- Domain: as-invest.co.il

### Disclaimers
- Past investment performance does not guarantee future results.
- Information on this site does not constitute a substitute for personal pension
  or investment advice tailored to the individual's needs.
- The company is regulated by the Israeli Capital Market, Insurance and Savings Authority.

### Languages Supported
The website is available in: Hebrew, English, Russian, Arabic, and Amharic.