Altruist Corp

Altruist is an AI-forward custodian and wealth platform designed for independent financial advisors, aiming to make financial advice more accessible and affordable for everyone. Founded in 2018 by Jason Wenk, the company's mission is to empower advisors to serve more clients efficiently and at lower costs. Altruist is headquartered in Culver City, California.

The company offers a comprehensive digital investment platform that integrates account opening, funding, trading, reporting, and billing into a single, streamlined experience. Key offerings include its AI engine, Hazel, which provides AI-powered financial planning and tax planning capabilities for wealth managers. Altruist also facilitates commission-free trading, direct indexing, and high-yield cash accounts, catering to various independent Registered Investment Advisors (RIAs), from breakaways to established and enterprise firms.

In a significant development, Vanguard announced its definitive agreement to acquire Altruist on August 26, 2026. This acquisition is expected to further enhance Altruist's capacity and support its investment in advisor technology and custody capabilities. Altruist has been recognized as the fastest-growing RIA custodian and the third-largest by advisors served, supporting nearly 5,000 advisors. Jason Wenk leads the company as Founder and CEO.