Altruist Stock
| Valuation | $4B1 |
| Valuation Date | Aug 26, 2026 |
| Implied Valuation | $4.1B |
| Last Price | $7.84 |
| 52-Week High | $7.84 |
| 52-Week Low | $4.37 |
| YTD Return | +15.81% |
| 1-Year Return | +26.45% |
| 3-Year Return | n/a |
| Total Funding | $601.5M2 |
| Latest Round Amount | n/a |
| Latest Round | Acquired |
| Funding Rounds | 7 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Altruist
Altruist is a financial technology company that provides a custodial platform for registered investment advisors (RIAs). The platform combines a self-clearing brokerage with software for account opening, trading, portfolio management, billing and reporting. Altruist makes money mainly by earning interest on uninvested client cash swept to partner banks and from securities lending. It also earns revenue from ticket charges, mutual fund revenue sharing and optional software subscriptions. The company serves thousands of advisory firms and ranks among the largest RIA custodians in the United States by advisors served. In August 2026, Altruist agreed to be acquired by Vanguard. The deal is expected to close later in 2026 subject to regulatory approvals. Altruist is expected to operate as a standalone business under Vanguard after closing.
Invest in Altruist
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News
Vanguard pays $4.6B for RIA software startup Altruist
Axios reported Vanguard agreed to acquire Altruist for $4.6 billion in cash, expanding Vanguard's push into wealth-management technology and RIA custody.
Vanguard to Acquire Altruist, Expanding the Reach and Impact of Financial Advice
Vanguard and Altruist announced a definitive agreement for Vanguard to acquire Altruist. Altruist is expected to operate as a standalone business after closing later this year, subject to regulatory a...
A letter from founder and CEO Jason Wenk
Altruist founder and CEO Jason Wenk told advisors, clients and staff that Altruist has agreed to be acquired by Vanguard, subject to customary closing conditions and regulatory approvals. He said Vang...
Eyeing Expansion Into Wealth Management, Vanguard Buys Fintech Altruist For As Much As $5 Billion
Forbes reports Vanguard's agreement to buy Altruist, a deal that reportedly values the company between $4 billion and $5 billion. Vanguard and CEO Jason Wenk declined to comment on the exact purchase ...
Vanguard to Acquire Altruist, Expanding the Reach and Impact of Financial Advice
Vanguard and Altruist announced a definitive agreement for Vanguard to acquire the RIA custodian on August 26, 2026. Altruist is expected to continue operating as a standalone business under Vanguard ...
Civic Financial Selects Altruist as Exclusive Custodian and Wealth Management Platform
Boston-based Civic Financial, overseeing about $1 billion in client assets, will move its full custodial and technology stack to Altruist.
Altruist Named Custodial Partner for $900M Lifeworks Advisors
LOS ANGELES--(BUSINESS WIRE)--Altruist, the tech-forward wealth platform for independent advisors, today announced that Michigan-based Lifeworks Advisors has selected Altruist as its custodial partner...
Altruist Partners with Bryn Mawr Trust Advisors, a subsidiary of WSFS Financial Corporation, as its New Custodial Partner
LOS ANGELES--(BUSINESS WIRE)--Altruist, the tech-forward wealth platform for independent registered investment advisors (RIAs), today announced that Bryn Mawr Trust Advisors, LLC, a subsidiary of WSFS...