Vanguard To Acquire Altruist for $4 Billion in RIA Custody Push

01 Vanguard will acquire Altruist for $4 billion, enhancing its RIA custody capabilities.

02 Altruist competes with Schwab and Fidelity, targeting independent investment advisors.

03 The acquisition aims to leverage technology to improve client service for financial advisors.

04 Vanguard's CEO highlights the growing demand for advisors among investors in Vanguard funds.

05 Altruist's AI-driven platform integrates custody with specialized workflows for better client engagement.

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