Vanguard Takes On Fidelity, Charles Schwab With $4 Billion Altruist Deal The investment management landscape is about to get significantly more complex thanks to Vanguard's blockbuster deal to acquire Altruist for a reported $4 billion.
At first glance, this looks like another consolidation play in an industry where large firms are absorbing smaller ones.
However, scratch beneath the surface and you'll find a story of shifting power dynamics, market disruption, and the evolving role of financial advice.