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ActiveBusinessAcquisition$4 billion

Vanguard agreed to buy financial adviser platform Altruist for about $4 billion

Photo: Yahoo Finance

What happened

The deal would give the $12 trillion asset manager a larger foothold in independent financial advice through Altruist's custody and technology platform

Summary assembled by rule from the sources below

Why it's spreading

Timeline

  1. First appeared on Yahoo FinanceYahoo Finance
  2. Quartz started reportingQuartz

Sources