Vanguard Takes On Fidelity, Charles Schwab With $4 Billion Altruist Deal

Vanguard on Wednesday announced a $4 billion deal to acquire Altruist as the investment management firm looks to bolster its financial advisory offerings to better compete with the likes of Charles Schwab and Fidelity. Charles Schwab stock retreated Wednesday. Vanguard on Wednesday said it reached a deal to acquire Altruist, an AI-forward wealth management platform and custodian for independent financial…