Vanguard to Acquire Altruist in 2026 Deal, Keeping AI Wealth Platform Standalone

3 articles · Updated · PR Newswire · Aug 26

Vanguard signed a definitive agreement to buy Altruist, an AI-forward wealth technology and custody platform for financial advisors; financial terms were not disclosed and closing is expected later this year.
Altruist will remain a standalone business under Vanguard ownership, keeping its leadership, brand and operating model while gaining more capital to expand advisor technology and custody capabilities.
Vanguard said the deal addresses a capacity gap in financial advice, using technology to help advisors serve more clients without replacing human judgment and client relationships.
The acquisition also gives Vanguard closer access to independent advisors and direct use of Altruist's platform, building on Vanguard's 2020 investment in the company and its push for more competition in RIA custody.