"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
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