Wealth Management Startup Altruist Valued at $1.5 Billion-Plus
- Iconiq Growth led investment in competitor to Schwab, Fidelity
- Altruist provides software for registered investment advisers
Jason Wenk
Source: AltruistWealth management startup Altruist says it has raised $169 million, elevating its valuation to more than $1.5 billion.
The company, based in the Los Angeles area, has received an investment led by Iconiq Growth, with participation from Granite Capital Management, Adams Street Partners and Sound Ventures, according to a statement reviewed by Bloomberg News.