WilmerHale Serves as Regulatory Counsel to Altruist in Acquisition by Vanguard

WilmerHale Serves as Regulatory Counsel to Altruist in Acquisition by Vanguard

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WilmerHale’s broker-dealer team draws on its intricate knowledge of the regulatory landscape to advise the world’s leading financial market participants.
WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.

On August 26, 2026, Altruist, an AI-forward wealth technology and custody platform serving financial advisors, announced it has entered into a definitive agreement to be acquired by Vanguard. WilmerHale is serving as regulatory counsel to Altruist in the transaction, providing guidance on both broker-dealer and investment adviser regulatory requirements and processes.

“WilmerHale’s strengths as a go-to adviser for financial institutions make the Firm uniquely situated to provide counsel in transactions like this one, at the intersection of financial regulation and innovation,” said Susan Schroeder, a WilmerHale partner and Chair of the Securities and Financial Services Department. 

Altruist offers a purpose-built platform, specialized talent, advisor relationships and deep expertise translating advice into better workflows and experiences. Vanguard first invested in Altruist in 2020. According to a statement from Altruist, the deal with Vanguard positions the company to help advisors serve more clients and improve investors’ outcomes.

The WilmerHale team included Partners Bruce Newman and Timothy Silva, Counsel Andrew Walsh, Senior Associate Stephanie Odigie and Associate Tess Cushing. 

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