Vanguard agrees to acquire RIA software startup Altruist, a source says for $4.6B in cash; Altruist raised $600M and had a $1.9B valuation in early 2025 (Dan Primack/Axios)

Dan Primack / Axios : Vanguard agrees to acquire RIA software startup Altruist, a source says for $4.6B in cash; Altruist raised $600M and had a $1.9B valuation in early 2025 - Vanguard Group on Wednesday announced an agreement to acquire Altruist, a California-based provider of software for registered investment advisors.