Altruist is a modern custodian platform that provides clearing, custody, and an integrated software suite to approximately 1,000 registered investment advisor (RIA) firms. Founded in 2018, the company aims to help RIAs streamline operations, reduce costs, and grow their businesses more efficiently. Altruist has raised over $290 million in total funding and recently acquired Shareholders Service Group, becoming the third-largest RIA custodian by number of firms served.

Altruist was founded by Jason Wenk, an industry veteran who previously founded and led multiple RIAs with billions in assets under management. The executive team brings deep expertise in fintech and wealth management, with Harpreet Ahluwalia as Chief Product Officer and Mazi Bahadori as CCO and EVP of Operations. Altruist is well-positioned to capitalize on the growing RIA market, which reached $128.4 trillion in assets across 40,395 firms in 2022. However, the company faces competition from established custodians like Charles Schwab and Fidelity.

Altruist offers employees the opportunity to disrupt the legacy custodian industry and expand access to independent financial advice. With a mission-driven culture and strong financial backing, the company provides a unique chance to build and scale innovative solutions in a rapidly growing market.