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Altruist acquired by Vanguard.
$4B - $4.6B is the rumored acquisition price, all cash. Big win for Altruist & now we see how Vanguard integrates the modern custodian.
Wealthtech hasn’t had many large exits. Especially in the multibillion-dollar range.
Big win for investors as the last round was done at $1.9B.
For all the companies in wealth management technology, especially those backed by VC, will now point to the Altruist exit as the north star.
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