Investing - Theory, News & General • Vanguard Buys Wealth Management Platform Altruist

WSJ article. Behind paywall, but the below “gift link” might work for a while:
https://www.wsj.com/business/deals/vang ... _permalink


“Vanguard Group struck a deal to acquire fintech platform Altruist to further its push into financial advice.

The transaction is worth around $4 billion, according to people familiar with the matter.

Altruist, founded in 2018, is an upstart competitor to Charles Schwab and Fidelity Investments in providing custodial and administrative work to independent financial advisers. It operates a self-clearing brokerage along with software for opening accounts, portfolio management, billing and reporting that serves independent wealth-management firms.”

Statistics: Posted by CalPoppy — Wed Aug 26, 2026 10:58 am