Summer 2026

Data Science Intern

Posted on 8/5/2025

Altruist

Altruist

201-500 employees

Platform for RIAs with trading tools

Compensation Overview

$48.41/hr

Company Historically Provides H1B Sponsorship

San Francisco, CA, USA + 1 more

More locations: Culver City, CA, USA

Hybrid

Hybrid schedule with in-office presence required on Tuesday, Wednesday, and Thursday.

Master's, PhD

Category
Data & Analytics (1)
Required Skills
Python
Data Science
SQL
Machine Learning
Data Analysis

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Requirements
  • Must have completed at least 1 previous Data Science Internship, preferably in the startup and/or FinTech space.
  • Experienced in statistics, statistical modeling, and optimization, with hands-on work in data processing, building machine learning models using Python, and working with databases using SQL.
  • Currently enrolled in an M.S. or Ph.D. program in statistics, engineering, computer science, artificial intelligence, or a related quantitative field (math, physics, etc.).
  • You’re technologically savvy and can easily get up to speed on modern tech stacks.
  • The pride you put into every aspect of your work is unparalleled and undeniable.
  • Intentional dialogue is a superpower. You listen as well as you share your perspective with others.
  • We’re inspired by your unwavering determination to achieve success, no matter the adversity you face along the way.
  • Your confidence is brilliant, yet ego-less. You possess a strong knowledge base, the ability to discover the unknown, and are open to differing perspectives.
  • Identifying the problem is simply not enough. You’re instinctually creative with your approach in finding solutions to roadblocks.
Responsibilities
  • Build and refine statistical and machine learning models to enhance revenue forecasting and business planning.
  • Conduct exploratory data analysis to support GTM strategy, including funnel diagnostics, segmentation, and growth opportunity sizing.
  • Leverage data science methods to support product analytics, such as feature impact analysis, usage behavior clustering, and churn modeling.
  • Work with large datasets using Python and SQL for data processing, feature engineering, and model development.
  • Translate analytical insights into actionable recommendations and communicate them clearly to both technical and non-technical stakeholders.
  • Develop a deep understanding of the business, industry, codebase, and technical systems.
  • Contribute to the innovation and continuous improvement of Altruist’s platform.
Desired Qualifications
  • Preferably experience in the startup and/or FinTech space.

Altruist builds a tech platform for Registered Investment Advisors (RIAs) to run their practice more efficiently. Its core tools include a streamlined tech stack with live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, helping RIAs serve more clients at lower costs. The platform also offers fast onboarding and quick access to investment management information, plus original content for independent advisors. Altruist’s business model offers its services for free to attract a large RIA user base and then monetizes through a vertically-integrated custodian service that reduces overhead for RIAs. The company differentiates itself by combining a free, easy-to-use software suite with integrated custodial services and practical resources, focused specifically on the needs of RIAs. Its goal is to help RIAs grow their business, improve client experiences, and lower operating costs by providing a centralized, cost-effective platform.

Company Size

201-500

Company Stage

Acquired

Total Funding

$601.5M

Headquarters

Culver City, California

Founded

2018

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Simplify Jobs

Simplify's Take

What believers are saying

  • Vanguard’s $4 billion deal gives Altruist capital, distribution, and a powerful anchor client.
  • August 2026 alternatives, personalized indexing, and affiliation-model launches broaden advisor wallet share.
  • Hazel’s August 2026 financial-planning rollout lowers advisor labor costs and strengthens retention.

What critics are saying

  • Charles Schwab and Fidelity can crush pricing, service, and distribution over time.
  • Integration under Vanguard after 2026 close can slow product velocity and blur Altruist’s culture.
  • A failed regulatory approval or another adviser-custody lawsuit could freeze the transaction and damage trust.

What makes Altruist unique

  • Vanguard’s August 26, 2026 acquisition validates Altruist’s custody-plus-software model.
  • Hazel, launched February 2026, automates tax planning and client workflows for advisors.
  • Altruist bundles custody, trading, billing, reporting, and AI inside one advisor stack.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Hybrid Work Options

Unlimited Paid Time Off

Paid Parental Leave

Stock Options

Growth & Insights and Company News

Headcount

6 month growth

104%

1 year growth

103%

2 year growth

114%
Axios
Aug 26th, 2026
Vanguard pays $4.6B for RIA software startup Altruist

Vanguard is pushing into Fidelity's turf.

MarketScreener
Aug 26th, 2026
Vanguard strikes deal for fintech platform Altruist.

Vanguard strikes deal for fintech platform Altruist. Published on 08/26/2026 at 08:52 am EDT - Modified on 08/26/2026 at 09:04 am EDT Aug 26 (Reuters) - Vanguard Group said on Wednesday it would acquire fintech platform Altruist, giving the asset manager greater access to independent financial advisers and expanding its wealth-management capabilities. Here are some more details: o While the terms of the deal were not disclosed, the Wall Street Journal said the transaction was worth roughly $4 billion, citing people familiar with the matter. o Founded in 2018, Altruist is a wealth-management technology platform used by independent financial advisers. It is a competitor to Charles Schwab and Fidelity's custody businesses. o "As more investors in Vanguard funds choose to work with financial advisors, we see a significant opportunity to build on the strengths of two highly complementary organizations to help advisors serve clients more effectively," said Salim Ramji, CEO of Vanguard. o The deal aligns with Ramji's strategy of expanding Vanguard's advice and wealth-management business as asset managers push further into serving affluent clients. o Vanguard, which managed about $12 trillion in assets as of March 31, also acquired wealth-management technology provider Just Invest in 2021. o Following the deal's close, Altruist will continue to run as a separate business under Vanguard's ownership. o The transaction is expected to close later this year. (Reporting by Pragyan Kalita in Bengaluru) (C) Reuters - 2026

PR Newswire
Aug 26th, 2026
Vanguard to acquire AI-forward wealth platform Altruist to expand financial advice reach

Vanguard has entered a definitive agreement to acquire Altruist, an AI-forward wealth technology and custody platform serving financial advisors. The deal, expected to close later this year pending regulatory approvals, aims to expand access to financial advice by enabling advisors to serve more clients efficiently. Vanguard first invested in Altruist in 2020 to increase competition in the registered investment advisor custody space. Following the acquisition, Altruist will operate as a standalone business, retaining its leadership, brand, and operating model whilst gaining access to Vanguard's resources and investment expertise. The transaction terms were not disclosed. Altruist will continue focusing on providing integrated technology solutions for independent financial advisors, combining custody services with portfolio management tools.

Yahoo Finance
Aug 12th, 2026
Altruist's AI tax tools and zero fees challenge Schwab, Fidelity custody giants

Altruist, an upstart custodian and registered investment advisory platform, is challenging industry giants with AI-powered technology and competitive pricing. The firm's Hazel AI tools, which automate tasks like tax planning and client notifications, sparked a Wall Street reaction in February when shares of rivals Charles Schwab, LPL Financial and Raymond James dropped after its announcement. Early adopter Alex Chalekian of Lake Avenue Financial predicts Altruist's platform will replace existing tools, comparing it to the iPhone displacing BlackBerry. However, questions remain about scale: the 8-year-old company serves only 6,500 financial advisors across 4,000 registered investment advisors. Last year, Altruist raised $152 million in Series F funding at a $1.9 billion valuation, two years after acquiring brokerage firm Shareholders Service Group.

Yahoo Finance
Jun 25th, 2026
Altruist opens waitlist for Hazel's AI financial planning agent ahead of August launch

Altruist has opened a waitlist for early access to its AI-powered financial planning feature within Hazel, its AI platform. The tool can create comprehensive financial plans in minutes, compared to the typical 18 hours required manually, according to Ken Vincent, head of business at Hazel. The company will onboard an initial cohort of advisory firms in the coming weeks before a general launch expected in August. Pricing will mirror its tax planning capability, ranging from $50 per seat monthly for standalone use to $125 with tax planning included. Hazel is custodian-agnostic, allowing advisors to use the platform without custodying assets with Altruist. CEO Jason Wenk emphasised the tools are designed to help advisors serve more clients better, not replace them. This follows Hazel's February launch of an AI tax planning agent.

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