Most founders spend their careers trying to make the work easier. Jason Wenk spent his taking on bigger problems
He grew up in rural Michigan, the son of a single mom raising three kids on wages that never left anything to save. That was the whole motivation: help people get more out of the money they had.
It took four companies to reach the root of why that was so hard, and each one hit the same ceiling. However good the advice, he was always renting his technology from the legacy custodians that controlled the industry.
We had the privilege of accompanying him along the way, from the mentors he met through our network to the Outliers community he came up in. Watching founders like Bending Spoons’ Luca Ferrari run something five times his size and stay hungry challenged Jason to imagine how much further he could go.
So in 2018 he stopped renting and built the layer underneath: Altruist, a modern custodian for independent advisors.
Today Vanguard, which manages around $12 trillio...
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