Vanguard to acquire Altruist

Vanguard has entered into an agreement to acquire Altruist , a wealth technology and custody platform serving registered investment advisors. Financial terms were not disclosed.

Founded in 2018, Altruist has raised $601.5 million across seven funding rounds, including a $152 million Series F in 2025. Its platform combines self-clearing custody with tools for account opening, trading, portfolio management, billing, reporting and automated rebalancing.

Vanguard first invested in Altruist in 2020.

Following the transaction, Altruist will operate as a standalone Vanguard business, retaining its brand, leadership, advisor focus and operating model.

Altruist also operates Hazel, an AI platform that combines real-time custodial data with information from advisors’ CRM systems, emails and notes to support financial and tax planning.