The goal of Altruist, a cutting-edge custodial platform designed for Registered Investment Advisors, is to increase the accessibility, affordability, and effectiveness of independent financial advice.
Advisors may reduce prices without sacrificing service quality thanks to its software, which helps them optimize their operations.
Clients have more financial confidence, higher returns, and lower expenses as a result. Altruist is improving the financial management experience for millions of consumers by assisting thousands of financial professionals.
In a Series F investment round, Altruist raised $152 million, valuing the business at about $1.9 billion. With participation from Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and ICONIQ Growth, GIC led the fresh round.
Jason Wenk started Altruist in 2018, with its headquarters located in Culver City, California, in the United States. With a cutting-edge custodial platform that simplifies portfolio management and enhances client results, the company primarily serves over 4,200 independent Registered Investment Advisors in the United States.
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