# Altruist: Financial services, Culver City, United States

> Altruist: Altruist is a digital-first custodian and wealth platform founded in 2018 by Jason Wenk, based in Culver City, California.

Source: https://millionrounds.com/startup/altruist (Millionrounds; every figure on the page links to its filing or article)

United States · [Financial services startup](https://millionrounds.com/companies)

# Altruist

Altruist is a digital-first custodian and wealth platform founded in 2018 by Jason Wenk, based in Culver City, California.

Funding reported Last round: Series E

Financial services Culver City, United States

Company summary

- **Founded:** 2018 8 years old
- **Team:** 470 201 to 1,000 people
- **Funding reported:** $450M in dollars
- **Last round:** Series E May 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Altruist has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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

Reported in all **$450M** in dollars

Rounds **6**

Last round **Series E**

Last round size **$152M**

Last round date **May 2024**

Investors listed **14**

Valuation **$1.9B, Mar 2026**

## On 3 portfolio pages

Investors who name them

- [Geodesic Capital](https://millionrounds.com/fund/geodesic-capital)
- [Octant Ventures](https://millionrounds.com/fund/octant-ventures)
- [Finley Wealth Advisors](https://millionrounds.com/fund/finley-wealth-advisors)

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 controls multi-account management integrated reporting automated reporting security measures security and compliance cloud-based platform ria custodian digital onboarding large-scale account onboarding real-time data direct indexing dynamic portfolio strategies wealth management platform performance analytics business growth solutions

Built with from their website

Jamf Amazon Relational Database Service Microsoft Excel Yoast SEO GitHub Actions Jira Service Management DocuSign KnowBe4 AWS Secrets Manager Git

+8 more

Khoros for SAP Customer Experience Cloud ChatGPT Macaron TUNE Amazon SES Salesforce CRM Google Tag Manager Apex

- **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](https://millionrounds.com/directory/altruist)

## Financial services in United States

Startups like it

- [**Kalshi** New York · founded 2019 *Raised*](https://millionrounds.com/company/kalshi)
- [**Temporal** founded 2022 *Raised*](https://millionrounds.com/company/temporal)
- [**Vestwell** New York · founded 2016 *Raised*](https://millionrounds.com/company/vestwell)
- [**C2FO** Kansas City · founded 2008 *Raised*](https://millionrounds.com/company/c2fo)
- [**Yieldstreet** New York · founded 2015 *Raised*](https://millionrounds.com/company/yieldstreet)
- [**Flutterwave** San Francisco · founded 2016 *Raised*](https://millionrounds.com/company/flutterwave)
- [**Corgi** San Francisco · founded 2024 *Raised*](https://millionrounds.com/company/corgi)
- [**Alpaca** San Mateo · founded 2017 *Raised*](https://millionrounds.com/company/alpaca)

## Is this your company?

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