Hi, I’m Jason Wenk, husband, father, fintech executive, writer, math geek, and investment systems developer. I’m the founder and CEO of Altruist, a modern custodian for independent financial advisors.

I’ve spent the past 20+ years working to make financial advice better, more affordable, and accessible to everyone. It all started when I took a job at Morgan Stanley in NYC when I was just 20 years old, working on investment research and asset management systems development. My understanding is I was the youngest professional employee globally back then.

I studied Computer Science and always viewed myself as a hacker (largely a self taught engineer), so the financial industry fascinated me as there were many problems to solve.

*FormulaFolios’ Southern California office.*

In 2004 I started my first company, Retirement Wealth Advisors. I noticed we had a rapidly aging population in the US and a massive need for better wealth management. Along with a small team we built software applications that would automatically help with key retirement decisions, mostly around income planning.

The company took off, quickly reaching $100m of client Assets Under Management (AUM), making me one of the youngest founders in the industry to build a firm that size from scratch.

The success of Retirement Wealth inspired me to take our web based software and make it available to other independent financial advisors, so my second company, FormulaFolios, was born. FormulaFolios would go on to become the fastest growing RIA in the history of the industry, organically growing from $0 to nearly $4b of AUM in just 6 years. It also ranked as a fastest-growing private company by Inc. magazine 4 years in a row, reaching as high as #10 in 2017.

It was a great run and resulted in quite a few awards, including GRBJ Newsmaker of the Year in 2016 and 2017 (finance category) and I was named an EY Entrepreneur of the Year in 2018.

Jason is also a prolific speaker and mentor to financial advisors across the country. Most recently, he founded Altruist to build a fully-digital brokerage platform with commission-free trading. Altruist is on a mission to make investing fair for everyone, allowing real people to earn more while paying less.