Vanguard has acquired wealth management platform Altruist, a rare deal that marks only its second acquisition and moves the fund giant into custody. The step ex

Vanguard has acquired wealth management platform Altruist, a rare deal that marks only its second acquisition and moves the fund giant into custody. The step expands Vanguard’s advisory reach as it leans on its low-cost model, with fees of 5 to 25 bps.