People Moves Related to "Thomas H. Lee gets second bite at an advice roll-up in backing Brookstone's buy of Jason Wenk's $3-billion TAMP -- with Altruist tie-in to be determined"
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Altruist cuts two dozen workers in second layoff round this year, for a net staff slide of 16%, despite growth -- ‘It’s on me,’ says Jason Wenk
The Culver City, Calif., custodian's CEO issued the mea culpa, citing loss of focus, but says company hiring should cut headcount losses to 14% on the year
October 21, 2025 at 10:27 PM
Jason Wenk raises $50 million from Vanguard Group and others, and Altruist may soon overtake Pershing's No. 3 RIA custodian spot, the Altruist founder asserts
The Los Angeles founder's disruption blitz involves a mobile-first Robinhood feel and a plug-and-play outsourcing one-stop-shop -- a sweet combination, except that it may not lure many big RIAs, analysts say.
