Vanguard has agreed to acquire Altruist, an AI-forward wealth technology and custody platform for independent financial advisors, the two companies announced on August 26, 2026. The definitive agreement brings one of the fastest-growing registered investment advisor custodians under the ownership of the world's second-largest asset manager, with terms not disclosed. Altruist will operate as a standalone business after closing, keeping its leadership, brand, advisor focus, and distinct operating…
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