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Saturday, October 3, 2026The Morning Brief →Sign in
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Beverly Goodman

In PWD coverage since August 14, 2026 · 6 stories
PWD coverage
M&A

Vanguard buys the last pillar of custody revenue

With ticket charges gone and fund-company revenue sharing fading, the client record and the cash spread are what is left to own — and an asset manager now owns both.
RIA · Sep 22Schwab bought AI access; Altruist owns the client record
The Close · Aug 31Altruist's $4.6 billion cash sale resets the exit math for startup custodians
The Close · Aug 28Vanguard's Altruist bet resets the custody race
Deals & PE · Aug 26Vanguard's Altruist buy is a bet on tax season
RIA · Aug 14Vanguard hires Beverly Goodman to court RIAs
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