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What the $50 million Altruist funding means for RIA custodians

iCapital

With a new funding round and support from the asset management giant Vanguard, Altruist increases its potential to break up the RIA custodial oligopoly.

Altruist’s latest $50 million funding round could signal an opportunity for the Los Angeles-based fintech to disrupt the RIA custodial space. 

Altruist announced its funding round on Wednesday led by global venture capital and private equity firm Insight Partners, with investments from Ser

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