About Altruist
Altruist is a Technology company based in Los Angeles (United States) founded in 2018 by Jason Wenk. Altruist has raised $601.5 million across 7 funding rounds from investors including Vanguard, Baillie Gifford and GIC. The company has 338 employees. Altruist has completed 1 acquisition, including Shareholders Service Group. Altruist was last valued at $1.9 billion in April 2025. Its chief executive, as recorded, is Jason Wenk. Its website altruist.com draws about 436 thousand monthly visits. The company has since been acquired. Altruist offers products and services including Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash. Its focus areas include FinTech, Investment Tech, Wealth Management IT and Suite. Its legal entity is ALTRUIST CORP. Its competitors include GeoWealth, SMArtX and CAIS; 3 of its 3 listed competitors have raised funding.
Company details
Portfolio management software for financial advisors. It features AI-based tools for research, problem identification, and workflow management. It offers an integrated digital brokerage platform. It helps in goal-based saving, tax management, expense management, and more.
- Headquarters Los Angeles, United States
- Employees 338
- Founders Jason Wenk
- Stage Acquired
- SectorsTechnology
- Website category Finance · Investing
- Email••••••••
- Website altruist.com
- Social LinkedIn X Facebook
- Legal Name Altruist Corp
- Total Equity Funding$601.5M (USD)
in 7 rounds
- Latest Funding Round$152M (USD), Series F
Apr 2025
- InvestorsVanguard
& 18 more
- Employee Count338
- Investments & Acquisitions
Products & Services of Altruist
Altruist offers a comprehensive portfolio of products and services, including Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash.
Tool for efficient client portfolio management and outcomes
Platform for effortless data presentation and analysis
Service to access models without overpaying for TAMP
Offering for industry-leading APY on cash accounts
Funding Insights of Altruist
Altruist has successfully raised a total of $601.5M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $152 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $601.5M
- Total Rounds 7
- Last Round Series F — $152M
- First Round $8.5M
(Nov 2019)
- Investors Count 19
All 7 funding rounds of Altruist with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $152M | Series F | – | GIC | |
| May 2024 | $169M | Series E | – | ICONIQ Growth | |
| Apr 2023 | $112M | Series D | – | Insight Partners, Adams Street Partners | |
| Nov 2021 | $110M | Series C | – | Declaration Partners | |
| May 2021 | $50M | Series B | – | Insight Partners | |
| Jan 2021 | Series A | – | Venrock | ||
| Nov 2019 | $8.5M | Series A | – | Venrock |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Altruist
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $1.9B (Apr 2025). 19 investors in total: 16 institutional and 3 angel.
Investors in Altruist
Altruist has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Vanguard, Baillie Gifford and GIC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Early-stage tech startups are funded by corporate-backed Salesforce Ventures. | salesforceventures.com | San Francisco, United States | ||
Growth-stage tech investments are targeted in the US and Japan. | geodesiccap.com | Foster City, United States | ||
Provider of investment management and real asset services | iconiqcapital.com | San Francisco, United States | ||
Private markets investment management with strategies in equity, credit, and secondary investments. | adamsstreetpartners.com | |||
Venture capital firm focused on multiple sectors | soundventures.com | |||
Venture capital is provided to technology companies by the firm. | iconiqgrowth.com | San Francisco, United States | ||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Venture capital firm focused on tech sectors | venrock.com | Palo Alto, United States | ||
Endeavor is focused on supporting high-impact entrepreneurs globally. | endeavor.org | New York, United States |
Investor details for Altruist
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Altruist
108 people are tracked at Altruist (40 in leadership, 2 in board & advisors, 66 in team); the tracked headcount is 338.
| Name | Role | Group |
|---|---|---|
Jason Wenk | Founder / CEO | Leadership |
Khotibul (Coach) Umam | Co-CEO | Leadership |
Selim Altruist | Co-CEO | Leadership |
Wesley Warner | Senior Director, Advisor Operations | Leadership |
Mazi Bahadori | COO & CCO | Leadership |
Rich Rao | Chief Business Officer | Leadership |
Victor Pollaci | Director Of Product, Investment Products | Leadership |
Sumanth Sukumar | Chief Technology Officer | Leadership |
Harpreet Ahluwalia | Chief Product Officer | Leadership |
Michelle Shotts | VP, Customer Success | Leadership |
Christopher Ferraro | Associate Director, Mutual Fund Operations | Leadership |
Gabriel Kleiner | Senior Director, Compliance | Leadership |
Rachel Brown | Director Of Product And Head Of Product Operations | Leadership |
Phil Lafresnaye | Deputy Chief Compliance Officer | Leadership |
Katherine S. | VP, People | Leadership |
Campbell A. | Head of Brokerage Support | Leadership |
Jason Geringer | Head Of Brokerage Finance And Finop | Leadership |
Nanea Fujiyama | Director, People | Leadership |
Hui (Jennifer) Chen | Head of FP&A | Leadership |
Josh Fanaroff | Executive Assistant to CEO | Leadership |
88 more people are available in the full profile.
Complete people profiles for Altruist
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Investments & Acquisitions by Altruist
Altruist has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shareholders Service Group.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Investment brokerage services are provided to institutional shareholders. | ssginstitutional.com | San Diego, United States | 2002 | Mar 2023 | •••• |
Complete acquisition details for Altruist
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Altruist
5 dated milestones of Altruist across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Altruist is founded.
- Funding First funding round of $8.5M.
- Acquisition Acquires Shareholders Service Group.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series F, of $152.0M.
Competitors of Altruist
Altruist has 3 listed competitors in our database, 3 of them funded. They include GeoWealth, SMArtX and CAIS.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| geowealth.com | 2010 | Chicago, United States | $75M | Integrated wealth management solutions are offered for advisors and institutions. | ||
| smartxadvisory.com | 2010 | West Palm Beach, United States | $39.74M | Performance monitoring and account valuation solution | ||
| caisgroup.com | 2009 | New York, United States | $734M | Financial planning and advisory solutions are offered to wealth managers. |
Detailed competitors of Altruist
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Web traffic of Altruist
The website of Altruist (altruist.com) receives about 435.7K visits a month and ranks #85,397 among all websites worldwide, #5,379 in Investing.
- Monthly visits435.7K
▲ 7.8% vs previous month
- Unique visitors79.4K
per month
- Global rank#85,397
among all websites
- Category rank#5,379
Finance · Investing
- Bounce rate33%
- Pages per visit8.3
- Average visit5 min 11 sec
- DevicesDesktop 83% · Mobile 17%
Websites whose visitors overlap most with Altruist. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rightcapital.com | 100% | 664K | #38,839 | View details | |
| fidelity.com | 97% | 129.5M | #275 | View details | |
| morningstar.com | 97% | 12.9M | #4,951 | View details | |
| holistiplan.com | 93% | 182.4K | #106,855 | View details | |
kitces.com | kitces.com | 92% | #216,088 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Altruist
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- 40 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as Altruist (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Altruist
Complete news archive for Altruist
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Frequently Asked Questions about Altruist
Altruist was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Altruist is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Jason Wenk is the CEO of Altruist, as recorded in our data. They have also founded this company.
Altruist is a funded company, having raised a total of $601.5M across 7 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Nov 2019.
Altruist has 338 employees.
Portfolio management software for financial advisors. It features AI-based tools for research, problem identification, and workflow management. It offers an integrated digital brokerage platform. It helps in goal-based saving, tax management, expense management, and more.
Altruist offers Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash.
Altruist has made 1 acquisition, including Shareholders Service Group.
Altruist has 19 investors. Key investors include Vanguard, Baillie Gifford, GIC, Salesforce Ventures, and Geodesic Capital.
The valuation of Altruist is $1.9B as of Apr 2025.
Altruist operates through Altruist Corp.