About Altruist
Altruist is a 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 169 employees as of December 31, 2022. Altruist has completed 1 acquisition, including Shareholders Service Group. Altruist offers products and services including Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash. Altruist operates in a competitive market with competitors including GeoWealth, Nucleus Financial, xalts, SnapTrade and Fintso, among others.
- Headquarter Los Angeles, United States
- Employees 169 as on 31 Dec, 2022
- Founders Jason Wenk
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Altruist Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$601.5 M (USD)
in 7 rounds
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Latest Funding Round
$152 M (USD), Series F
Apr 22, 2025
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Investors
Vanguard
& 17 more
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Employee Count
169
as on Dec 31, 2022
- Investments & Acquisitions
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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
People of Altruist
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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 Total Funding
- Total Rounds 7
- Last Round Series F — $152.0M
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First Round
First Round
(25 Nov 2019)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series F - Altruist | Valuation | GIC | |
| May, 2024 | Amount | Series E - Altruist | Valuation | ICONIQ Growth | |
| Apr, 2023 | Amount | Series D - Altruist | Valuation | Insight Partners , Adams Street Partners |
Investors in Altruist
Altruist has secured backing from 18 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 |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Growth-stage tech investments are targeted in the US and Japan.
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Founded Year | Domain | Location |
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 Year | Amount |
|---|---|---|---|---|---|
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Investment brokerage services are provided to institutional shareholders.
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2002 |
Financial Statements - Altruist
Altruist Comparisons
Competitors of Altruist
Altruist operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GeoWealth, Nucleus Financial, xalts, SnapTrade and Fintso, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Integrated wealth management solutions are offered for advisors and institutions.
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| domain | founded_year | HQ Location |
Portfolio management solutions are offered to financial advisors.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered via an online platform.
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| domain | founded_year | HQ Location |
Provider of API enabling brokerage account connectivity for data and trading
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| domain | founded_year | HQ Location |
Digital wealth tools are provided to empower financial advisors.
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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 current CEO of Altruist. 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 D of $112M, raised on Nov 25, 2019.
As of Dec 31, 2022, the latest employee count at Altruist is 169.
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's top competitors include Nucleus Financial, QPLIX and SMArtX.
Altruist offers Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash.
Altruist has made 1 acquisition, including Shareholders Service Group.
Altruist has 18 investors. Key investors include Vanguard, Baillie Gifford, GIC, Salesforce Ventures, and Geodesic Capital.