Altruist, the start-up custodian for registered investment advisors, raised $112 million in new funding, the Los Angeles-based firm said.
The funding round was led by venture capital firm Insight Partners and includes new investor Adams Street Partners, an investment manager. Financial services leaders such as ex-Vanguard CEO Bill McNabb, Carson Group CEO Ron Carson, and Mariner Wealth Advisors CEO Marty Bicknell also participated, according to Altruist.
Altruist...