Masters in Business · Friday, July 17, 2026
Jason Wenk discussed Altruist's AI product, Hazel, which is designed to significantly reduce the cost of complex financial planning tasks. He stated that Hazel can bring down the unit costs for tasks like tax planning to as little as three to five dollars, making sophisticated financial advice accessible to a wider audience.
“So part of the thinking here is that the altruist business will eventually be a very large scaled business with trillions of dollars in assets, but the total size of our industry is going to be tenfold that right, So we don't want to limit the power of AI to just the whatever percentage of market share that Altruist has.”
“It's been a ton of fun to build, and a lot of what we're doing is just taking the hardest most like laborious, non glamorous, but you know, important work that used to really be hard to get if you didn't have tens of millions of dollars, and we're just bringing the unit costs down to like three to five dollars so you can do like incredibly complex tax planning and do it for again effectively like a dollar to five dollars.”
“This makes it accessible to everybody and AI, you know, people have their fears about, you know, what could go wrong, but we like to think this is a lot of the wook can go right.”