Altruist is a modern custodial platform built for Registered Investment Advisors, with a mission to make independent financial advice more affordable, efficient, and accessible. Its software helps advisors streamline their operations, allowing them to lower fees without compromising service quality. As a result, clients benefit from reduced costs, increased returns, and greater financial confidence. By supporting thousands of financial professionals, Altruist is helping millions of people have a better experience managing their money.
Altruist has raised $152 million in a Series F funding round, valuing the company at approximately $1.9 billion. The new round was led by GIC, with participation from Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and ICONIQ Growth.
Altruist, headquartered in Culver City, California, United States, was founded in 2018 by Jason Wenk. The company operates primarily in the United States, serving over 4,200 independent Registered Investment Advisors with a modern custodial platform that streamlines portfolio management and improves client outcomes.
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