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Vanguard’s more than $4 billion Altruist deal to accelerate AI advice expansion

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  • 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.
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