Altruist
Altruist is a custodian and self-clearing broker-dealer for registered investment advisors (RIAs), founded in 2018 by Jason Wenk and based in Los Angeles, California. Its platform combines custody, account opening, commission-free and fractional-share trading, model portfolios, automated rebalancing, portfolio reporting, and billing in one system. Altruist is one of the largest US custodians by number of advisors served, with close to 5,000 advisors. It has raised more than 600 million dollars, including a 152 million dollar Series F in 2025 led by GIC at a 1.9 billion dollar valuation.
🏛 Regulatory Status
Recent News
Altruist raised a 152 million dollar Series F led by GIC at a 1.9 billion dollar valuation to expand its custody and clearing platform for RIAs.
💼 Open Roles at Altruist
Director, Partnerships
San Francisco, CA · full_time · mid
Head of Customer Deployment, Hazel AI
San Francisco, CA · full_time · mid
Compliance Director
Dallas, TX · full_time · mid
Compliance Director
San Francisco, CA · full_time · mid
Founding Product Designer, Hazel AI
San Francisco, CA · full_time · mid
Founding Sales Executive, Hazel AI (Mid-Market)
San Francisco, CA · full_time · mid
Advisor Support Representative
Dallas, TX · full_time · mid
Compliance Director
Los Angeles, CA · full_time · mid
Advisor Support Representative
Los Angeles, CA · full_time · mid
Implementation Manager, Hazel AI
San Francisco, CA · full_time · mid