Where great advisors do their best work
Altruist is the AI-forward custodian and wealth platform for independent advisors—on a mission to make financial advice better, more affordable, and accessible to everyone.
“It’s because of Altruist that we can serve multi-millionaires, young investors, and everyone in between better than we ever have.”
– Michael Collie, Founder of Collie Financial Planning
This testimonial was given by a current client. Neither Altruist nor its affiliates paid for this testimonial, but we do earn revenue from financial advisors who use our software, from assets invested through our broker-dealer (Altruist Financial LLC) and assets using services made available by our registered investment adviser (Altruist LLC). The promoting advisor received compensation or other benefits from Altruist through the promoting advisor’s participation in one or more of Altruist’s various programs, which created a conflict of interest on the promoting advisor’s part and may have influenced the view(s) expressed by the promoting advisor. For more details on program compensation and benefits and related conflicts of interest, please visit altruist.com/RIA-testimonial. For additional information about the promoting advisor’s conflicts of interest when expressing its views about Altruist or Altruist’s affiliates, please see the promoting advisor’s advisory program brochures, available at https://adviserinfo.sec.gov/. This testimonial may not represent the experience of others and it is not a guarantee of results.
#1
highest-rated custodian in 2026, according to the T3/Inside Information Software 2026 Survey.
independent advisors run their firms on Altruist.
112%
year-over-year growth based on the number of RIAs served—the fastest rate of any custodian.
Minutes,
not days
How long client onboarding takes with Altruist.
The story
behind Altruist
It started with a question
Altruist was founded in 2018 by advisor and entrepreneur Jason Wenk.
Growing up, Jason saw early on how stressful finances could be. He remembers asking his mom why she couldn’t “just write a check” when money was tight—and learning that it wasn’t that simple.
That moment stayed with Jason. After studying computer science and starting his career at Morgan Stanley, Jason launched his own independent advisory firm in 2004, driven by the conviction that everyone deserves to feel financially secure.
Seeing the problem up close
Jason’s firm grew to become one of the fastest-growing in the industry with multiple billions in client assets. But with that growth came a new set of challenges: Paper-heavy workflows, slow funding, NIGOs, manual processes, and systems built decades earlier were all eating into the time Jason wanted to spend with clients.
On top of that, traditional custodians charged extraneous fees advisors couldn’t get around, making it nearly impossible to lower prices for clients, even when Jason wanted to.
He knew there was a better way.
From a belief to a platform
In 2018, Jason built a small team of engineers and former advisors with a single focus: Give advisors the right tools to do their best work.
From a modest office in Culver City, they grew from the ground up, becoming a broker-dealer, developing self-clearing capabilities, and creating a single, intuitive platform that could handle everything from onboarding to reporting.
Gaining
momentum
Within a few years, thousands of advisors had moved assets to Altruist and the team grew from a handful to hundreds.
Altruist went on to raise more than $600 million from investors, including Insight Partners, ICONIQ, GIC, Venrock, Vanguard, and Salesforce Ventures. In 2025, Altruist closed a $152 million Series F at a $1.9 billion valuation.
In 2026, the company’s AI-powered tax planning tool shifted an estimated $20 billion in market value in a single day—a sign of an industry hungry for change.
Today, Altruist keeps building, releasing new products at a relentless pace that help advisors plan deeper, operate leaner, and serve more clients.
Meet Altruist
Our leadership team is made up of seasoned experts working to disrupt an antiquated industry.
Jason Wenk
Chief Executive Officer and Founder
Mazi Bahadori
Chief Operating Officer and Chief Compliance Officer
Harpreet Ahluwalia
Chief Product Officer
Amit Miglani
Chief Financial Officer
Piret Loone
General Counsel
Dan Petty
Chief Information Security Officer
Michelle Shotts
Senior Vice President of Customer Success
Anna Wiggins
Vice President of Marketing
Robert Mennow
Vice President of Sales
Adam Grealish
Vice President of Product
Nimesh Patel
General Manager of Enterprise
Kunal Joshi
Vice President of Engineering
Board of Directors
Bill McNabb
Bill served as chairman of The Vanguard Group from 2008 until his retirement in 2018 and as CEO until 2017. Today, Bill sits on boards including IBM, UnitedHealth Group, and Axiom.
Nick Beim
Nick is a Partner at Venrock. Prior, he was a Partner at Matrix Partners and worked in the technology groups at McKinsey and Goldman Sachs.
Ian Sandler
Ian Sandler is a Managing Director and Chief Operating Officer at Insight Partners, where he brings decades of leadership experience from Citadel, the Carlyle Group, and Morgan Stanley.
Brian Stern
Brian has been a Partner at Declaration Partners since 2019. Prior, he was Head of Strategic Investments at Stone Ridge Asset Management and Managing Director and Head of BlackRock Private Markets at BlackRock.
Yoonkee Sull
Yoonkee is the General Partner at ICONIQ Growth. He also serves as a lead partner and/or board member for Fetch Rewards, Wealthsimple, Intercom, Motorway, Recharge Payments, Squire, and Groww.
Vinay Yarlagadda
Vinay serves as a Senior Vice President at GIC’s Technology Investment Group. His portfolio includes investments in companies like Affirm, Checkout.com, Brex, Parafin, and Divvy Homes.
Join us
Our entire team works toward building a world of better financial well-being. And we’re always looking for more Altruists to come on board.