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Altruist

Altruist logo
📍 Los Angeles, CA
🇺🇸 US

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.

Services & Coverage
USpublic equities
riaself-clearing-broker-dealercommission-free-tradingmodel-marketplaceportfolio-rebalancing

🏛 Regulatory Status

License #
in LinkedIn
Company Info
Founded 2018
Size Mid
Key Executives
Jason Wenk (CEO, Founder)

Recent News

Altruist Raises 152 million dollar Series F Led by GIC
2025-04-22

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

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Head of Customer Deployment, Hazel AI

San Francisco, CA · full_time · mid

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Compliance Director

Dallas, TX · full_time · mid

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Compliance Director

San Francisco, CA · full_time · mid

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Founding Product Designer, Hazel AI

San Francisco, CA · full_time · mid

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Founding Sales Executive, Hazel AI (Mid-Market)

San Francisco, CA · full_time · mid

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Advisor Support Representative

Dallas, TX · full_time · mid

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Compliance Director

Los Angeles, CA · full_time · mid

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Advisor Support Representative

Los Angeles, CA · full_time · mid

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Implementation Manager, Hazel AI

San Francisco, CA · full_time · mid

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