Altruist is excited to announce we've closed an additional round of funding. This new investment will accelerate our mission of disrupting the custodial offering for independent advisors, and help more people get access to good financial advisors.

We'll use the new investment for continued growth and innovation to provide a modernized investment experience for financial advisors and their clients.

The round of funding was led by our venture partner, Venrock, with significant participation also coming from personal investments by Ron Carson of Carson Group and Bill McNabb, as well as a strategic third-party investor.

As part of the round, Bill has joined our Board of Directors, which also includes Nick Beim, partner at Venrock, and Jason Wenk, CEO of Altruist. Bill is the former Chairman of the Board for Vanguard and also served as their CEO from 2008 to 2017.



Bill McNabb

Bill played an integral role in helping build Vanguard and disrupt the status quo, radically disrupting the financial landscape. We couldn't imagine a better partner in helping Altruist realize our vision of revolutionizing the RIA custody space.


Ron Carson

“We’re so excited about what Altruist is doing and believe it will dramatically enable new ways of doing business we’ve only dreamed of in the past,“ said Ron Carson, founder and CEO of Carson Group. “As I’ve gotten to know Jason Wenk, I realize that he’s going to be a part of disrupting our profession in such a positive way. I’m proud to be an investor and future user of Altruist.”

Strengthening our commitment to innovation and technology, we recently hired Nachiket Shiralkar as our Chief Technology Officer. Nachiket previously served as the Chief Technology Officer for fintech lending platform, Tala, and VP of Engineering at Ticketmaster.

In 2021 we'll expand our RIA offering and mobile app with new capabilities, and further enhance the client experience.


“While the additional capital will help us realize our mission of making financial advice more accessible to everyone, the people that are joining us in this effort is what’s most exciting,” said Jason Wenk, CEO and Founder of Altruist. “It’s an honor to have Bill join our board and the combined support from him and Ron Carson is really special. The reception from the financial advisor community for our platform has been incredible and humbling. Our whole team is motivated by the support and we can’t wait to watch advisors use Altruist to do their best work.”

Learn more about how Altruist is revolutionizing financial advisory services with technology.