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Altruist
AddedFeb 13, 2024
UpdatedJul 9, 2026
Altruist

Altruist

Series E

Altruist: Streamlining financial advice through affordable, efficient digital investment solutions.

HQ
Los Angeles, CA, US
Founded
2018
Overview
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Fundraising
Employees
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Website

Founded in 2018 and headquartered in Venice Beach, California, Altruist aims to revolutionize the financial advisory industry by making independent financial advice more efficient, affordable, and accessible. The company offers a comprehensive digital investment platform that streamlines account opening, funding, trading, reporting, and billing into a single, automated solution. Altruist's mission is to empower financial advisors to serve more clients at lower costs, thereby enabling clients to pay less, earn more, and gain financial confidence.

Notable figures affiliated with Altruist include its founder and CEO, Jason Wenk, a seasoned entrepreneur in the financial technology space. The company has garnered significant attention from investors, securing funding from prominent venture capital firms like Venrock and Vanguard. Altruist's key achievements include simplifying the tech stack for Registered Investment Advisors (RIAs) and offering commission-free fractional share trading. The platform's impact is evident in its ability to enhance the efficiency of financial advisors while providing a seamless and cost-effective experience for clients.

Altruist - Quick Facts

When was Altruist founded?

Altruist was founded in 2018.

Where is Altruist's headquarters located?

Altruist's headquarters is located in Los Angeles, CA, US.

When was Altruist's last funding round?

Altruist's most recent funding round was for $169M (USD) in May 2024.

How much has Altruist raised to-date?

As of May 3, 2024, Altruist has raised a total of $449.5M (USD).

How many employees does Altruist have?

Altruist has 555 employees as of Feb 4, 2024.

Altruist - Classification

NAICS
  • 520000Finance and Insurance
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice
Show 7 more industry codes
NAICS
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6000Depository Institutions
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services