Vanguard buys wealth tech firm Altruist

Vanguard just announced a deal to buy Altruist. This platform helps independent financial advisors manage their clients' money using modern technology.

Altruist will keep its own brand and current leadership team. It will continue to operate as a separate business after the deal closes.

This move helps Vanguard grow its presence in the advisory market. Both companies plan to keep serving their customers without any major changes.