Vanguard’s more than $4 billion Altruist deal to accelerate AI advice expansion
AI Summary- Vanguard agreed to buy Altruist, whose CEO Jason Wenk plans to remain with the company.
- $4 billion-plus is the reported value; terms remain undisclosed pending approvals and conditions.
- Altruist launched in 2018 and now serves 6,500 financial advisors, Wenk said.