Vanguard to Acquire Altruist for $4 Billion

Vanguard Group has agreed to acquire Altruist, a wealth technology and custody platform for independent financial advisers, in a deal reported to be worth approximately $4 billion. The acquisition, announced on August 26, 2026, represents the largest in Vanguard's history and marks a significant expansion of the asset manager's push into financial advice and wealth management services. The transaction will give Vanguard, which manages approximately $12 trillion in assets, a direct foothold in the independent adviser market through Altruist's technology and custody platform.