# Altruist

> Altruist combines self-clearing brokerage and custody with account opening, trading, portfolio reporting and billing for independent registered investment advisors. Its Hazel AI products add administrative, tax and financial planning tools. The company reports serving more than 6,000 advisors; Vanguard announced an agreement to acquire it in August 2026.

- **Founded:** 2018
- **Headquarters:** Culver City, United States
- **Founders:** Jason Wenk (Founder and CEO)
- **Products:** Self-clearing custody, Advisor platform, Altruist One, Hazel, Hazel tax and financial planning agents
- **Notable:** Launched self-clearing custody in March 2023., Acquired Shareholders Service Group in March 2023., Reports serving 6,000+ advisors.

## Products & services

- **Self-clearing custody** — Altruist Financial LLC handles brokerage clearing and custody alongside advisor software.
- **Advisor platform** — Digital onboarding, fractional-share trading, rebalancing, reporting, fee billing and client access.
- **Altruist One** — Optional household subscription at 0.01% monthly with enhanced cash yields, model discounts and tax-management features.
- **Hazel** — AI meeting preparation, notes, client intelligence, CRM tasks and email drafting.
- **Hazel tax and financial planning agents** — Document analysis and scenario modeling for advisor-reviewed plans; current tiers are $160 and $300 per seat monthly.
- **Alternatives marketplace** — Includes Monark-sourced pre-IPO SPVs for accredited investors, subject to availability and approval.

## Achievements

- Launched self-clearing custody in March 2023.
- Acquired Shareholders Service Group in March 2023.
- Reports serving 6,000+ advisors.
- Company press room reports recognition for clearing and custody innovation in the Datos Impact Awards.

## Latest updates

- **2026-08** — Vanguard announced a definitive agreement to acquire Altruist; closing remained subject to conditions in the announcement.
- **2026-09** — Announced Hazel financial planning, Arca’s API partnership, and pre-IPO SPVs in its alternatives marketplace.

## Links

- Website: https://altruist.com/
- LinkedIn: https://www.linkedin.com/company/altruistcorp/
- Twitter/X: https://x.com/altruist
- Instagram: https://www.instagram.com/altruistcorp/
- Facebook: https://facebook.com/altruistcorp/

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Profile page: https://yespress.io/altruist
Published by YesPress — https://yespress.io
Last updated: 2026-10-02