Altruist
Altruist provides a software platform for financial advisors, offering digital account opening, portfolio management, reporting, and custodial services.
Secondary Market Price
How Altruist Measures Up
To help you manage your Altruist equity, Prospect has run the company through our machine learning model.
Prospect Rating
This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series F
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Altruist Prices
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Company Description
Altruist is a financial services company that operates as a custodian for Registered Investment Advisors (RIAs). The company provides a platform with software for digital account opening, trading, portfolio management, reporting, and billing, along with over 22 integrations with other tools. Currently, Altruist is the third-largest custodian based on the number of advisors served, with nearly 5,000 advisors using the platform. The company was founded in 2018 by Jason Wenk and is headquartered in Culver City, California.
Recent company activities suggest a focus on expansion and community engagement. In May 2025, Altruist raised $152 million in a Series F funding round led by GIC, indicating plans for continued growth and product development. The company is actively hiring for roles such as event marketing to support its industry events and webinars. Altruist also produces a podcast, 'The Advisor Journey,' which features discussions with industry figures on topics like firm growth, client relationships, and financial planning.
- ICONIQ Growth
- Baillie Gifford
- Carson Family Office
- Geodesic Capital
- Salesforce Ventures
- Adams Street Partners
- Sound Ventures
- Granite Capital Management
- Founder, Jason Wenk
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Altruist worth joining?
Deciding to join any startup involves weighing many factors, including the potential of its equity compensation. Tools like Prospect can help you model the future value of your stock options to make a more informed decision.
What should I do with my Altruist stock?
Managing private company stock requires a clear strategy for exercising options and planning for taxes. Platforms like Prospect offer customized strategies and tax-optimization tools to help you maximize the value of your equity.
Can you sell Altruist stock?
As Altruist is a private company, you can typically sell shares during specific liquidity events like a tender offer or on secondary markets. Tools like Prospect can help you navigate these opportunities and determine which shares are the most tax-optimal to sell.
How can I find the value of my Altruist stock?
The value of private stock is determined by internal 409A valuations and recent funding rounds, not public market data. To get a better sense of its potential future worth, you can use platforms like Prospect which use predictive models to forecast your equity's value.
What is Altruist's equity worth?
The precise worth of Altruist's equity is not public information and is based on private valuations, such as the 409A valuation. You can use financial modeling tools from services like Prospect to project the potential net value of your specific holdings.
What is Altruist's stock ticker symbol?
Since Altruist is a private company, it is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Altruist stock?
As an employee, you can "buy" stock by exercising your options, and you can sell it during company-approved tender offers or on secondary markets. Platforms like Prospect provide tools to help you create tax-efficient strategies for both exercising and selling your shares.
What is the criteria to buy or invest in Altruist stock?
Investing in a private company like Altruist is generally limited to accredited investors participating in funding rounds or employees who receive equity as compensation. If you are an employee with equity, you can use tools to manage your holdings and plan for future financial events.
