Jason Wenk is the founder and CEO of Altruist, the only modern custodian built exclusively for RIAs. Before Altruist, Jason spent the better part of twenty years building two multi-billion dollar RIAs. Hailing from Michigan, he now lives in Southern California (where he can run year-round).
On the heels of our self-clearing announcement, I am pleased to share that Altruist has acquired Shareholders Service Group — an award-winning brokerage and custodial platform providing exceptional service and value to RIAs for over 20 years. We are excited to bring together decades of advisor services leadership with Altruist’s innovative technology, as we work to provide the best possible offering to independent advisors.
Both Altruist and SSG share an ethos of helping advisors do more while paying less.
At Altruist, our mission is to make independent financial advice better, more affordable, and accessible to everyone. We equip RIAs with the technology, custodial services, and support needed to run great businesses and deliver phenomenal client experiences.
Complimentary to that mission is the decades-long track record of SSG. The team has always sought to be a trusted partner to RIAs, offering dependable service, transparent pricing, and efficiency-improving tools. The thousands of advisors using their platform are a testament to their success.
Together we’re primed to deliver some long-awaited innovation to the RIA custody business, at a time when the need for quality independent financial advice is greater than ever.
For advisors and end clients benefitting from SSG’s services, the acquisition is a completely undisruptive event.
There will be no mandatory changes in services or products as the initial priority post-acquisition is to seamlessly bring the two organizations together with a focus on optimizing technology and service delivery across the shared advisor base. Advisors should continue to work directly with the SSG service team and will receive the same holistic, attentive service they have come to expect.
If advisors are curious to learn more about switching to Altruist’s all-in-one custodian and RIA platform, we’re here to offer our support! They’ll get white glove service from our client development team to ensure a seamless transition, as well as the benefit of thousands in savings from software expenses, and continuous product enhancements to help grow their practices and meet the needs of the next generation of clients.
We’re excited to bring the teams together and continue driving the industry forward.
SSG leadership, management, and employees all have a place at Altruist. Over the coming months, we’ll work hard to ensure that the transition is a smooth one. And given our alignment across values and operating principles, I’m confident the teams will integrate well.
I think Dan Skiles, President of SSG, said it best: “We know that together, Altruist and SSG will deliver what independent RIAs expect and need from a custodian in order to best serve their clients.”
I’m eager to welcome SSG aboard and to write the next chapter of this industry together.
Altruist Corp (“Altruist”) offers technology and tools designed to help financial advisors achieve better outcomes. Advisory services are provided by Altruist LLC, an SEC-registered investment adviser, and brokerage related products and services are provided by Altruist Financial LLC, a member of FINRA/SIPC. Commission-free trading means $0 commission trades placed in brokerage accounts via web or mobile devices. Other fees may still apply. Please see the Altruist Financial Fee Schedule to learn more.
All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance. Clearing and custody are provided by Apex Clearing Corporation or Altruist Financial LLC.
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