The transaction builds on a 2020 investment and increases resources for technology development and operational scale.
Vanguard has formed a definitive agreement to acquire Altruist Corp (Altruist), a California-based regulated artificial intelligence (AI)-forward wealth technology and custody platform serving financial advisers. The development builds on the US-based global asset manager’s initial investment in Altruist After the acquisition, Altruist will continue as a standalone business under Vanguard’s ownership, retaining its leadership, brand, adviser focus and operating model. The struct