Altruist (CA) reviews

3.4

63% would recommend to a friend

(85 total reviews)
avatar

Jason Wenk

64% approve of CEO

52% positive business outlook

Altruist (CA) has an employee rating of 3.4 out of 5 stars, based on 85 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Altruist (CA) employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

85 reviews
1.0
Jul 8, 2024

Ruthless leadership that will lie to your face

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

(mostly) competent coworkers, cool office, industry that inherently has a lot of money flowing through it (wealth management, financial advisors)

Cons

High (forcible) turnover due to poor decision making and two-faced practices by the senior leadership team. For example, after continually "committing" to a remote first culture, they blindsided employees into a RTO ultimatum. You can read more if you search for the article “jason-wenk-makes-rto-decision-for-altruist-staff-unpopular-with-some-that-will-result-in-departures-he-also-plans-contrarian-move-of-opening-san-francisco-office” This is just one huge example on top of a pile of other decisions that created a tumultuous environment where leadership would say one thing and, when the winds change, will drop you at their earliest convenience. Furthermore, an intense grinding work environment while you're there.

2.0
Oct 23, 2025

Good Luck

Recommend
CEO approval
Business Outlook

Pros

- Some smart, hardworking, and kind coworkers - While most companies have required 4 days in office, Altruist requires just 3. They also let employees work anywhere four weeks a year. - The facilities team goes out of there way to create a nice work environment, including making plans for social activities on a weekly basis - While the health insurance policy leaves plenty to be desired, the salary bands are above market

Cons

- I have witnessed a culture of open infighting and frequent finger-pointing. The lack of ability or desire from management to squash personal conflicts is incredible. - Another part of the culture is to participate in groupthink, in which the moral value of the company mission is grossly overestimated. This provides cover for leadership to encourage poor work life balance. For example, the CEO once declared that he liked when a message he sent after 11pm was immediately replied to. He has also said quote "we have to win". It's baffling how someone could frame building wealth management software as a moral imperative. - Total lack of credibility with the executive leadership team. Words that come out of their mouth are subject to become null and void within 6 months or sooner. This is reflected in the RTO plan. In addition, multiple times the CEO has claimed "this is the last big play", only to sign up the organization for another massive project, while teams struggle to keep the lights on. - Zero standard for performance management. There was no annual review process for the 2024 year. Without any standard to abide by, it is significantly more important to construct a narrative of performance than it is to actually produce anything. Even more so with new use of an AI based performance measurement vendor called Jellyfish - No skip-level meetings. If you have a problem with your manager, you are on your own. - Internal churn is high, and heavily self-imposed to quote "raise the bar", despite managements struggle to assess performance in the first place. I had a constant revolving door of teammates and leaders, all the way up the chain of command. - Every other all-hands meeting the CEO says something regrettable. Sometimes it is so bad that he has to issue an apology later. These speeches aside, his voice is most often heard on LinkedIn, making self-aggrandizing posts, and on Slack, posting snide remarks about the company's competitors.

1.0
Mar 19, 2025
Recommend
CEO approval
Business Outlook

Pros

Coworkers (middle management and under) are great.

Cons

Not sure how they’re allowed to run like this. Was told during the offer stage that I would be eligible for a company performance bonus and never received. Company is not profitable so of course I won’t get the bonus, made me sacrifice base salary for this scam. They have also had multiple layoffs in the form of sudden forced RTO and traditional layoffs because this company is going nowhere. Just look up Jason Wenk and Altruist, all negative articles. Culture is awful and there are no performance review cycles. Bigger players in the market now vs 2023 (Robinhood, AI centric RIAs) this place won’t last much longer before getting acquired.

Viewing 16 - 18 of 85 Reviews

Glassdoor has 91 Altruist (CA) reviews submitted anonymously by Altruist (CA) employees. Read employee reviews and ratings on Glassdoor to decide if Altruist (CA) is right for you.