Altruist - About the company
Altruist is an acquired company based in Culver City (United States), founded in 2018 by Jason Wenk. It operates as a Portfolio management software for financial advisors. Altruist has raised $602M in funding from investors like Insight Partners, Venrock and Adams Street Partners, with last known valuation of $1.9B. The company has 844 active competitors, including 111 funded and 109 that have exited. Its top competitors include companies like Avaloq, KFin Technologies and Broadridge.
Sectors and market segments that Altruist operate in
Altruist serves in the FinTech market segments.The primary business model of Altruist is: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.
- Website
- altruist.com
- Social
- Email ID
- *****@altruist.com
- Registered Address
- Venice, California
Key Metrics
Founded Year
2018
Location
Culver City, United States
Stage
Acquired
Total Funding
$602M in 7 rounds
Latest Funding Round
Last Known Valuation
$1.9B as on Apr 22, 2025
Investors
Ranked
4th among 844 active competitors
Employee Count
338 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Acquired by Vanguard (Aug 26, 2026)
Legal entities associated with Altruist
Altruist is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
ALTRUIST CORP CIN: 831886435 , United States, Active | Dec 26, 999 | - | 375 (As on Dec 31, 2024) | - |
Altruist's acquisition details
Click here to take a look at Altruist's acquisition in detail
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Altruist's funding and investors
Altruist has raised a total funding of $602M over 7 rounds. Its first funding round was on Nov 25, 2019. Its latest funding round was a Series F round on Apr 22, 2025 for $152M. 6 investors participated in its latest round. Altruist has 16 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Altruist:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 22, 2025 | $152M | Series F | $1.9B | - | ||
May 02, 2024 | $169M | Series E | $1.5B | - | ||
Apr 12, 2023 | $112M | Series D | - | - |
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Altruist's founders and board of directors
Founder? Claim ProfileThe founders of Altruist is Jason Wenk. Jason Wenk is the CEO of Altruist.
Here are the details of Altruist's key team members:
- Jason Wenk: Founder / CEO of Altruist. They are also an angel investor in 3 startups.
View details of Altruist's Founder profiles and Board Members
Altruist's employee count trend
Altruist has 338 employees as of Sep 26. Here is Altruist's employee count trend over the years:
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Altruist's Competitors and alternates
Top competitors of Altruist include Avaloq, KFin Technologies and Broadridge. Here is the list of Top 10 competitors of Altruist, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Avaloq 1985, Zurich (Switzerland), Acquired | Cloud-based solutions for financial institutions | $301M | 76/100 | |
2nd |  KFin Technologies 2017, Hyderabad (India), Public | Provider of software solutions for transaction management, compliance, and data analytics | $42.1M | 76/100 | |
3rd |  Broadridge 2007, United States, Public | Provider of tech solution for financial service and customer communication | - | 73/100 | |
4th | Altruist 2018, Culver City (United States), Acquired | Portfolio management software for financial advisors | $602M | 69/100 | |
5th | SEI 1968, Oaks (United States), Public | Wealth and investment management solutions for institutional investors | - | 71/100 | |
6th |  Addepar 2009, Mountain View (United States), Series G | Wealth management solutions for advisors | $759M | 71/100 | |
7th | FNZ 2003, London (United Kingdom), Acquired | Provider of wealth management platforms for financial institutions and advisors | $3.97B | 70/100 | |
8th |  Centricity 2022, Gurugram (India), Series A | Digital private wealth management platform for individuals | $51M | 70/100 | |
9th | AdvisorEngine 2014, New York City (United States), Acquired | Wealth management software platform empowering financial advisors with technology and services | $60.1M | 65/100 | |
10th | Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired | Software solutions for life insurance and wealth management | $28.4M | 64/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Altruist's competitors? Click here to see the top ones
Altruist's Investments and acquisitions
Altruist has made 1 investment in FA Match and acquired Shareholders Service Group.Reports related to Altruist
Here is the latest report on Altruist's sector:
News related to Altruist
Filter this listMedia has covered Altruist for a total of 12 events in the last 1 year, 5 of them have been about company updates and 3 about partnerships.
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Altruist Introduces AI-Powered Financial Planning in HazelGlobal Fintech Series•Sep 01, 2026•Altruist
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Altruist Introduces AI-Powered Financial Planning in Hazel, Helping Advisors Build Personalized Financial Plans In MinutesBusiness Wire•Sep 01, 2026•Altruist
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Vanguard Acquires Altruist to Expand Advisor Reach With TechPYMNTS.com•Aug 26, 2026•Vanguard, Altruist
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AI Compliance Infrastructure Company Hadrius Completes $27 Million Funding RoundChainCatcher•Jul 14, 2026•CRV, Hadrius, Pathlight Ventures, Y Combinator and 2 others
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Sowell Management Adds Altruist as Enterprise Custodial PartnerPR Newswire•Mar 02, 2026•Sowell Management, Altruist
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Gerber Kawasaki Selects Altruist as Wealth Management Platform to Power GrowthGlobal Fintech Series•Feb 24, 2026•Gerber Kawasaki, Altruist, Altruist Technologies
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Altruist Introduces AI-Powered Tax Planning in Hazel, Helping Advisors Deliver Tax Strategies in MinutesBusiness Wire•Feb 10, 2026•Altruist
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Altruist Recognized by Datos Insights for Best Innovation in Clearing and CustodyBusiness Wire•Oct 28, 2025•Altruist
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Digital Wealth Partners Expands into Traditional Finance with Altruist PartnershipGlobeNewswire•Sep 24, 2025•Digital Wealth Partners, Altruist
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FAQs about Altruist
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