Custody Reimagined: How Jason Wenk and Altruist Are Disrupting the Status Quo

Episode notes

With Jason Wenk - Founder and CEO, Altruist Overview A candid conversation on rethinking custody from the ground up - and why simplification, aligned economics, and integrated technology are becoming critical for advisors building modern, scalable firms. Watch… Listen in… > Download a transcript of this episode… NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. About this episode… For decades, advisors have built their businesses on custodial infrastructure that was never designed to support how modern firms actually operate. In many cases, fragmented technology stacks, paper-heavy processes, and economic factors often benefit the platform more than the advisor or client. Jason Wenk saw that firsthand. Before launching Altruist, Jason built and scaled FormulaFolios from zero to over $4B in assets - giving him a front-row seat to what works, what breaks, and where traditional custody and technology create friction as firms grow.

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