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"The Tech Stack Is Dead" — Jason Wenk on Rebuilding Advisor Infrastructure
There's never been a more disruptive moment in wealth management — and few people are shaping it more directly than my guest this week.
Jason Wenk is the founder and CEO of Altruist, the modern custodian built exclusively for RIAs that's grown into one of the largest custodians in the country, serving nearly 5,000 advisory firms. But the conversation everyone's having right now is about AI. When Altruist rolled out its AI-powered tax agent earlier this year, it shaved millions off competitors' market caps — LPL and Raymond James all sold off in the days that followed.
On this episode of Talking Wealth, Jason Wenk and Michael Batnick get into all of it:
- The Hazel platform and Altruist's plan to roll out a new AI agent every quarter
- Why he believes AI empowers advisors rather than replacing them, and what that means for the human side of advice
- The bet against the custody duopoly, and what it actually takes to build modern infrastructure from scratch
- Where he thinks the puck is headed for advisors over the next decade
This is one of the most energizing conversations we've had about where our industry is going. Don't miss it.
This episode is sponsored by DBMF. Find out why managed futures should be a foundational part of any alternatives allocation at: https://www.DBMF.com/TW
For more from Talking Wealth sign up at: https://talkingwealthpod.com/
Participants include employees of Ritholtz Wealth Management. All opinions expressed by them are solely their own opinions and do not reflect the opinion of Ritholtz Wealth Management. This program is for informational purposes only and is not intended to provide specific advice or recommendations for any individual or on any specific security or product. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees. Ritholtz Wealth Management and its affiliates may invest in the technology company discussed.
The Compound Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, it may be obtained by visiting www.imgp.com. The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, Inc.
#finance #financialplanning #financialeducation #financialadvisor
Learn more about your ad choices. Visit megaphone.fm/adchoices
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By The CompoundThere's never been a more disruptive moment in wealth management — and few people are shaping it more directly than my guest this week.
Jason Wenk is the founder and CEO of Altruist, the modern custodian built exclusively for RIAs that's grown into one of the largest custodians in the country, serving nearly 5,000 advisory firms. But the conversation everyone's having right now is about AI. When Altruist rolled out its AI-powered tax agent earlier this year, it shaved millions off competitors' market caps — LPL and Raymond James all sold off in the days that followed.
On this episode of Talking Wealth, Jason Wenk and Michael Batnick get into all of it:
- The Hazel platform and Altruist's plan to roll out a new AI agent every quarter
- Why he believes AI empowers advisors rather than replacing them, and what that means for the human side of advice
- The bet against the custody duopoly, and what it actually takes to build modern infrastructure from scratch
- Where he thinks the puck is headed for advisors over the next decade
This is one of the most energizing conversations we've had about where our industry is going. Don't miss it.
This episode is sponsored by DBMF. Find out why managed futures should be a foundational part of any alternatives allocation at: https://www.DBMF.com/TW
For more from Talking Wealth sign up at: https://talkingwealthpod.com/
Participants include employees of Ritholtz Wealth Management. All opinions expressed by them are solely their own opinions and do not reflect the opinion of Ritholtz Wealth Management. This program is for informational purposes only and is not intended to provide specific advice or recommendations for any individual or on any specific security or product. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees. Ritholtz Wealth Management and its affiliates may invest in the technology company discussed.
The Compound Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, it may be obtained by visiting www.imgp.com. The iMGP DBi Managed Futures Strategy ETF is distributed by ALPS Distributors, Inc.
#finance #financialplanning #financialeducation #financialadvisor
Learn more about your ad choices. Visit megaphone.fm/adchoices