The Investopedia Express with Caleb Silver Wealth Management in the Age of AI
Mar 9, 2026
Jason Wenk, founder and CEO of Altruist, builds a vertically integrated wealth platform and created the Hazel AI product. He discusses how AI is reshaping wealth management, the need for strong infrastructure before AI can help, lowering account minimums with fractional shares, and how advisors will pivot to holistic life, tax and risk planning while routine tasks get automated.
AI Snips
Chapters
Transcript
Episode notes
Iran Conflict Triggered Rapid Oil And Inflation Shock
- Geopolitical disruption in the Strait of Hormuz pushed oil above $120, creating rapid inflation pressure and halted tanker traffic.
- Caleb Silver links absent tanker lanes to faster gas price jumps and supply-chain inflation across fertilizer and plastics.
AI Reveals Broken Wealth Infrastructure
- Wealth management faces an AI-driven pivot where back-office inefficiencies, not just front-end tools, determine who benefits from AI.
- Jason Wenk argues infrastructure (onboarding, billing, rebalancing) must be rebuilt before AI can deliver real client outcomes.
Altruist's Origin Story And Vertical Stack
- Altruist launched in 2018 to build a vertically integrated stack that lowers costs and consolidates custody, reporting, and operations.
- Jason Wenk recounts starting with a small booth at conferences and now disrupting the industry with Hazel AI.