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Vanguard Group has struck a roughly USD 4bln deal to acquire fintech platform Altruist to further its push into financial advice, reports WSJ citing sources

StockNow breaking-news AI analysis

Vanguard struck an approximately USD 4 billion deal to acquire fintech platform Altruist, expanding its financial advice capabilities against rivals Charles Schwab and Fidelity.

News detail

Altruist is an upstart competitor to Charles Schwab (SCHW) and Fidelity Investments in providing custodial and administrative work to independent financial advisers.

1 stocks
SCHWThe Charles Schwab Corporation$109.24Current price

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