United States · Financial services startup
United States · Altruist
Altruist is a digital-first custodian and wealth platform founded in 2018 by Jason Wenk, based in Culver City, California.
Funding reportedLast round: Series E
About Altruist
Altruist is a digital-first custodian and wealth platform founded in 2018 by Jason Wenk, based in Culver City, California.
The company focuses on serving independent Registered Investment Advisors (RIAs) and their clients, aiming to make financial advice more affordable and accessible. With a valuation of $1.5 billion, Altruist has become a significant player in the fintech space, serving nearly 5,000 advisors. The platform combines custody and technology into a single solution, offering features such as commission-free custody, fractional share trading, integrated portfolio accounting, and AI tools for automating research and workflow management. Altruist also provides a unified adviser workspace and over 22 integrations with third-party tools, enhancing operational efficiency for fiduciary advisors. The company's mission is to improve the quality and accessibility of independent financial advice, positioning itself as a modern custodian dedicated exclusively to the needs of RIAs.
What company datasets say Altruist raised
Funding, as reported
On 3 portfolio pages
Investors who name them
Each firm lists Altruist on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.
The company, in detail
What they build
Known for
compliance-ready controlsmulti-account managementintegrated reportingautomated reportingsecurity measuressecurity and compliancecloud-based platformria custodiandigital onboardinglarge-scale account onboardingreal-time datadirect indexingdynamic portfolio strategieswealth management platformperformance analyticsbusiness growth solutions
Built with from their website
JamfAmazon Relational Database ServiceMicrosoft ExcelYoast SEOGitHub ActionsJira Service ManagementDocuSignKnowBe4AWS Secrets ManagerGit
+8 more
Khoros for SAP Customer Experience CloudChatGPTMacaronTUNEAmazon SESSalesforce CRMGoogle Tag ManagerApex
- Sector
- Financial services
- Industry code
- NAICS 523150, 513210, SIC 6732, 6211, 7372
- Region
- California
- Revenue
- $193M a year, as listed
- Full record
- Every detail in the company directory
Financial services in United States
Startups like it
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