Altruist
Founded Year
2018Stage
Series F | AliveTotal Raised
$601.5MValuation
$0000Last Raised
$152M | 3 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+35 points in the past 30 days
About Altruist
Altruist provides technology and tools for independent financial advisors within the financial services sector. The company offers services including digital account opening, trading, reporting, and billing, all integrated into a platform designed for operational efficiency. Altruist serves the financial advisory industry, specifically targeting Registered Investment Advisors (RIAs). It was founded in 2018 and is based in Culver City, California.
Loading...
ESPs containing Altruist
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The automatic portfolio rebalancing software market provides investment management solutions that automatically adjust portfolio holdings to maintain target asset allocations to financial advisors at wealth management firms. This market is driven by factors such as the increasing adoption of automated investment platforms by financial advisors and wealth management home offices, the growing demand…
Altruist named as Leader among 12 other companies, including SEI Investments, Envestnet, and SS&C Technologies.
Altruist's Products & Differentiators
Altruist
Altruist fully integrates brokerage services and essential portfolio management software (including its Model Marketplace - https://bit.ly/36H0ZxO) into a single platform, empowering financial advisors to run their business 100% digitally while radically lowering costs, growing faster, eliminating paperwork and supporting their clients seamlessly.
Loading...
Research containing Altruist
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Altruist in 2 CB Insights research briefs, most recently on Aug 23, 2024.
Expert Collections containing Altruist
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Altruist is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,276 items
Wealth Tech
2,658 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
9,653 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
100 items
Altruist Patents
Altruist has filed 1 patent.
The 3 most popular patent topics include:
- investment
- investment management
- mobile payments
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/23/2023 | Mobile payments, Payment systems, Investment, Investment management, Payment service providers | Application |
Application Date | 3/23/2023 |
|---|---|
Grant Date | |
Title | |
Related Topics | Mobile payments, Payment systems, Investment, Investment management, Payment service providers |
Status | Application |
Latest Altruist News
Jun 25, 2025
Altruist Unveils Bold Rebrand, Sets Itself Apart from Custodians Altruist unveils an imaginative yet functional new brand identity. Altruist, the modern custodian built exclusively for RIAs, today announced a significant rebrand and overhaul of its advisor platform and client portal. Now supporting over 4,900 advisors, Altruist is the fastest-growing RIA custodian according to the 2025 T3 Software Study. The platform has tripled assets under management for two consecutive years and is increasingly attracting larger, more sophisticated high-growth firms, with average firm size up 43% year-over-year. “Log in to any legacy custodian portal and you might think you’ve been transported back in time,” said Jason Wenk, Founder and CEO of Altruist. “Good design makes products more accessible. It makes using those products more intuitive. Consumer finance apps have been charging ahead in this area. Advisors and clients deserve a platform experience that’s aligned with the impact of the work getting done.” Key updates include a new logo, color palette, fonts, photography, illustration, and motion guidelines. According to Wenk, the only elements that were off-limits were the name and mission statement. “Our goal was to create a brand that communicates big ideas with clarity and conviction. We stripped away unnecessary complexity to reflect the optimism and humanity of the people working to improve this industry,” says Creative Director Daniel Haire. “The system pairs bold typography, narrative-rich artwork, and clean, concise data to break from the tired look of legacy institutions—and the overly slick feel of typical fintech. It’s a bold shift. And it feels deeply true to Altruist.” The rebrand comes on the heels of two major teasers from the company: a new subscription bundling premium features across the platform known as Altruist One, and the debut of Altruist’s flagship AI product, Hazel. To learn more about how Altruist can help advisors build better businesses and stronger client relationships, visit the rebranded altruist.com and contact the Altruist team for a personalized demo. Total: 0
Altruist Frequently Asked Questions (FAQ)
When was Altruist founded?
Altruist was founded in 2018.
Where is Altruist's headquarters?
Altruist's headquarters is located at 3030 South La Cienega, Culver City.
What is Altruist's latest funding round?
Altruist's latest funding round is Series F.
How much did Altruist raise?
Altruist raised a total of $601.5M.
Who are the investors of Altruist?
Investors of Altruist include ICONIQ Growth, GIC, Salesforce Ventures, Geodesic Capital, Carson Family Office and 20 more.
Who are Altruist's competitors?
Competitors of Altruist include Betterment and 3 more.
What products does Altruist offer?
Altruist's products include Altruist.
Loading...
Compare Altruist to Competitors
Public is an investing platform that offers a diverse range of financial products across multiple asset classes. The company provides tools for trading stocks, options, and cryptocurrencies, as well as investing in bonds, ETFs, and treasuries, complemented by high-yield cash accounts and tailored investment plans. Public also integrates AI-powered data and analysis into the investment experience, fostering a community-driven environment for sharing insights and educational content. Public was formerly known as TapX Trading & Analytics. It was founded in 2019 and is based in New York, New York.
The Motley Fool operates as a financial services company that operates in the investment advice and market research sectors. The company offers investing solutions, free guidance, and market analysis, providing stock recommendations, detailed analysis of companies, and portfolio-building tools. It primarily serves individual investors looking to achieve their financial goals. It was founded in 1993 and is based in Alexandria, Virginia.
Wellington-Altus is a wealth management firm specializing in wealth planning, investment, and protection services. The company offers financial advisory services, investment management, and protection solutions for high-net-worth individuals and entrepreneurial advisors. Wellington-Altus serves the private wealth management sector, focusing on providing financial advice and services. Wellington-Altus was formerly known as Altus Securities. It was founded in 2017 and is based in Winnipeg, Manitoba.
Upvest is a financial technology company specializing in investment application programming interface (API) within the financial technology (fintech) sector. The company provides a platform for businesses to offer various investment experiences, including account creation, trade execution, and digital reporting. Upvest primarily serves the financial technology industry. It was founded in 2017 and is based in Berlin, Germany.
Fidelity Investments is a financial services company that provides retirement planning, wealth management, and brokerage services. The company offers various investment products such as mutual funds, ETFs, stocks, bonds, options, and annuities, along with financial planning and advice. It serves individuals, families, employers, wealth management firms, and institutions. It was founded in 1946 and is based in Boston, Massachusetts.
Atomic specializes in financial services and investment management. The company provides a platform offering wealth management, savings accounts, fractional trading, and Treasury management services. Atomic primarily serves fintechs, banks, and consumer-facing companies looking to integrate investing experiences into their products. Atomic was founded in 2020 and is based in San Francisco, California.
Loading...