Altruist
Founded Year
2018Stage
Series F | AliveTotal Raised
$601.5MValuation
$0000Last Raised
$152M | 7 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+27 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.
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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 High-Yield Cash
Altruist High-Yield Cash provides advisors and their clients with competitive cash management solutions, including a 4.00% APY account, directly integrated into the Altruist platform.
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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 Jul 17, 2025.
Jul 17, 2025 report
State of Fintech Q2’25 Report
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
1,309 items
Wealth Tech
2,723 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
9,809 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
Nov 13, 2025
Altruist, the tech-forward wealth platform for independent registered investment advisors (RIAs), today announced that Bryn Mawr Trust Advisors, LLC, a subsidiary of WSFS Financial Corporation, has selected Altruist as a new custodial partner. Bryn Mawr Trust Advisors selected Altruist for its enterprise-ready infrastructure, modern custodial capabilities, and its intuitive onboarding experience, all of which align with Bryn Mawr Trust Advisors' commitment to delivering seamless service and scalable solutions for its advisory teams and clients. “Partnering with Altruist represents a significant step forward in our mission to provide innovative, client-centric solutions,” said Jackie Blue, Chief Operating Officer, Bryn Mawr Trust Advisors. “Their modern custodial platform and commitment to excellence align perfectly with our vision of delivering seamless, scalable services that empower our advisors and enhance the client experience." Altruist continues to set the standard for tech-forward custody, making it the no. 1 platform advisors are switching to or adding from Schwab, and the third largest custodian by number of RIAs served. “As more institutions reevaluate their custodial relationships, they're looking for partners who share their commitment to delivering better client outcomes,” said Jason Wenk, Founder and CEO of Altruist. “Bryn Mawr Trust Advisors' decision to partner with us shows a deep commitment to improving the experience for both clients and advisors. We're proud to support them with a platform designed for forward-thinking firms like theirs.” About Altruist Altruist is the tech-forward custodian for independent RIAs, offering a fully integrated digital platform that makes managing investments and serving clients simpler and more affordable. Altruist combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing. With Altruist, financial advisors can create custom portfolios, trade fractional shares, automate rebalancing, and provide clients with a sleek web and mobile app experience. Learn more at altruist.com [1] https://t3technologyhub.com/wp-content/uploads/2024/04/2024-T3_Inside-Information-Software-Survey-V-4-22-24.pdf [2] https://t3technologyhub.com/wp-content/uploads/2025/03/T3Inside-Information-2025-Software-Survey.pdf View source version on businesswire.com: https://www.businesswire.com/news/home/20251113685035/en/ Contacts Media Contact Samantha Walker sam@gregoryfca.com
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 Boulevard, 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, Salesforce Ventures, Carson Family Office, Geodesic Capital, GIC and 23 more.
Who are Altruist's competitors?
Competitors of Altruist include Apex Fintech Solutions, Fidelity Investments, Investbanq, Fidelity, Surmount AI and 7 more.
What products does Altruist offer?
Altruist's products include Altruist High-Yield Cash and 2 more.
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Compare Altruist to Competitors
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DriveWealth operates as a financial technology platform providing Brokerage-as-a-Service within the financial services industry. The company offers an application programming interface that allows partners to create and manage investment workflows, including traditional trading and options for fractional share ownership. DriveWealth serves banks, broker-dealers, asset managers, digital wallets, and consumer brands. It was founded in 2012 and is based in New York, New York.
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Vanguard operates as a financial services company that provides investment management and advisory services. The company offers various investment products such as mutual funds, exchange-traded funds, individual retirement accounts, and 401(k) plans. Vanguard serves individual investors, retirement plan participants, and financial advisors. It was founded in 1975 and is based in Valley Forge, Pennsylvania.
Avaloq provides technologies for wealth management within the financial services sector. It offers a suite of capabilities that includes core banking software, wealth management solutions, and digital services aimed at improving customer experience and operational efficiency. Avaloq serves financial institutions and wealth managers by enabling investment solutions and advisory services through its cloud-based platform. It was founded in 1985 and is based in Zurich, Switzerland.
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