Altruist Stock
| Valuation | $4B1 |
| Valuation Date | Aug 26, 2026 |
| Implied Valuation | $5.16B |
| Last Price | $9.86 |
| 52-Week High | $9.86 |
| 52-Week Low | $4.37 |
| YTD Return | +45.64% |
| 1-Year Return | +31.29% |
| 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
Altruist is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Clarity (formerly Hiive).
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News
Altruist launches Hazel Financial Planning Agent
Altruist rolled out Hazel Financial Planning Agent, an AI tool that builds comprehensive financial plans in minutes for $3,600 per advisor annually.
Altruist's Hazel builds AI agent to create financial plans in minutes
Altruist launched a financial planning agent inside its Hazel AI platform that can produce advisor-ready plans covering retirement, investments, cash flow, estate, tax, and insurance in a single workf...
Vanguard to acquire Altruist, expanding advisor technology reach
Vanguard agreed to acquire Altruist, the venture-backed RIA custody and technology platform, with Altruist expected to keep its brand and leadership team after the deal closes later in 2026.
Vanguard to Acquire Altruist, Expanding the Reach and Impact of Financial Advice
Vanguard and Altruist announced a definitive agreement under which Vanguard will acquire the RIA custody and wealth technology platform. Altruist is expected to continue operating as a standalone busi...
Vanguard to acquire Altruist in approximately $4 billion deal
Vanguard agreed to acquire wealth-tech and custody platform Altruist on August 26, 2026 in a deal valued at roughly $4 billion; Altruist is expected to continue operating as a standalone business unde...
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...