Vanguard to Buy Fintech Platform Altruist
Vanguard Group agreed to acquire wealth-management platform Altruist for an estimated four billion dollars. The deal expands Vanguard access to independent financial advisers and reinforces its wealth-management strategy.
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Vanguard Group agreed on Wednesday afternoon to acquire fintech platform Altruist for roughly $4 billion. The deal expands the asset manager's wealth-management capabilities and adviser network. The transaction targets the growing segment of independent financial advisers.