Altruist, the modern custodian built exclusively for RIAs, announced a new $112 million series D round of funding led by Insight Partners, new investor Adams Street Partners, and continued support from existing investors. Notable industry leaders Bill McNabb, Ron Carson, and Marty Bicknell also participated in the round.

Altruist's new funding adds to a previously undisclosed $110 million series C raised in November of 2021 and led by Declaration Partners with Venrock, Insight Partners, and Vanguard participating, bringing its total funding to more than $290 million.