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)

Vanguard will purchase Altruist, a registered-investment-advisor software startup, for $4.6 billion in cash. Altruist previously raised $600 million and was valued at $1.9 billion in early 2025. The deal expands Vanguard’s technology platform for wealth-management services.