Altruist
Founded Year
2018Stage
Series E | AliveTotal Raised
$449.5MValuation
$0000Last Raised
$169M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+21 points in the past 30 days
About Altruist
Altruist provides technology and tools for independent financial advisors within the financial services sector. The company offers services including digital account opening, trading, reporting, and billing, all integrated into a platform designed for operational efficiency. Altruist serves the financial advisory industry, specifically targeting Registered Investment Advisors (RIAs). It was founded in 2018 and is based in Culver City, California.
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ESPs containing Altruist
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The automatic portfolio rebalancing software market provides investment management solutions that automatically adjust portfolio holdings to maintain target asset allocations to financial advisors at wealth management firms. This market is driven by factors such as the increasing adoption of automated investment platforms by financial advisors and wealth management home offices, the growing demand…
Altruist named as Highflier among 11 other companies, including SEI Investments, SS&C Technologies, and Envestnet.
Altruist's Products & Differentiators
Altruist
Altruist fully integrates brokerage services and essential portfolio management software (including its Model Marketplace - https://bit.ly/36H0ZxO) into a single platform, empowering financial advisors to run their business 100% digitally while radically lowering costs, growing faster, eliminating paperwork and supporting their clients seamlessly.
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Research containing Altruist
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Altruist in 2 CB Insights research briefs, most recently on Aug 23, 2024.
Expert Collections containing Altruist
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Altruist is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,270 items
Wealth Tech
2,617 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
9,466 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
100 items
Altruist Patents
Altruist has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/23/2023 | Application |
Application Date | 3/23/2023 |
|---|---|
Grant Date | |
Title | |
Related Topics | |
Status | Application |
Latest Altruist News
Mar 18, 2025
LOS ANGELES--(BUSINESS WIRE)--Altruist, the modern custodian transforming the registered investment advisor (RIA) industry, has named Rich Rao its Chief Business Officer (CBO). Rao, a recognized leader in scaling businesses and optimizing go-to-market strategies, has held executive roles at Google, Meta, and Intuit. He will drive Altruist's market expansion, strengthen advisor partnerships, and ensure sustainable growth as the company redefines custody for independent financial advisors. "The b
Altruist Frequently Asked Questions (FAQ)
When was Altruist founded?
Altruist was founded in 2018.
Where is Altruist's headquarters?
Altruist's headquarters is located at 3030 South La Cienega, Culver City.
What is Altruist's latest funding round?
Altruist's latest funding round is Series E.
How much did Altruist raise?
Altruist raised a total of $449.5M.
Who are the investors of Altruist?
Investors of Altruist include Adams Street Partners, ICONIQ Growth, Sound Ventures, Granite Capital Management, Insight Partners and 10 more.
Who are Altruist's competitors?
Competitors of Altruist include Betterment and 3 more.
What products does Altruist offer?
Altruist's products include Altruist.
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Compare Altruist to Competitors
Public is an investing platform that offers a diverse range of financial products across multiple asset classes. The company provides tools for trading stocks, options, and cryptocurrencies, as well as investing in bonds, ETFs, and treasuries, complemented by high-yield cash accounts and tailored investment plans. Public also integrates AI-powered data and analysis into the investment experience, fostering a community-driven environment for sharing insights and educational content. Public was formerly known as TapX Trading & Analytics. It was founded in 2019 and is based in New York, New York.
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Wellington-Altus specializes in independent wealth management and offers a range of financial services within the wealth advisory sector. The company provides holistic wealth planning, investment advisory, and wealth protection services to its clients. Wellington-Altus primarily caters to high-net-worth individuals and entrepreneurial advisors. Wellington-Altus was formerly known as Altus Securities. It was founded in 2017 and is based in Winnipeg, Canada.
Upvest is a financial technology company specializing in investment application programming interface (API) within the financial technology (fintech) sector. The company provides a platform for businesses to offer various investment experiences, including account creation, trade execution, and digital reporting. Upvest primarily serves the financial technology industry. It was founded in 2017 and is based in Berlin, Germany.
Fidelity Investments is a financial services corporation that provides investment products and services. The company offers retirement plans, wealth management, trading, and brokerage services, along with financial planning and advice. Fidelity's services cater to individuals, families, employers, and institutions, focusing on helping them invest for the future. Fidelity Investments was formerly known as Fidelity Management & Research. It was founded in 1946 and is based in Boston, Massachusetts.
Atomic specializes in financial services and investment management. The company provides a platform offering wealth management, savings accounts, fractional trading, and Treasury management services. Atomic primarily serves fintechs, banks, and consumer-facing companies looking to integrate investing experiences into their products. Atomic was founded in 2020 and is based in San Francisco, California.
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