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RIAs assailed Altruist and put Jason Wenk on defense over a new fee schedule, but-- four days later -- Wenk went back on offense, promising to better even unchallenged fees

Multiple RIAs expressed outrage over "X" before the Altruist CEO superseded his critics and committed to having the lowest price mutual fund platform in the market.

Author Oisin Breen April 9, 2024 at 9:02 PM
1 Comment
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Jason Wenk: Imagine if you took Schwab and Fidelity ... [fees], and then made them even better.
Brooke Southall and Keith Girard contributed to the editing of this article.

RIA Custodians





April 12, 2024 — 4:28 PM
I considered Altruist when looking at custodians when TD was swallowed up. One thing I looked at was Glassdoor to see if the employees liked the place- and it turns out that Wenk went on a hiring spree during Covid for remote workers and made them promises he didn't keep (remote work ending) so now low paid employees have to move to his high cost of living HQ. I chose a different custodian and reading this makes me glad I did. If you can't keep promises to the people that do the daily work, no way you keep promises to the people that pay the bills.

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May 20, 2021 at 3:22 AM

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