https://riabiz.com https://riabiz.com/a/2026/11/10/vanguard-just-scored-a-4-billion-private-placement-to-close-its-46-billion-altruist-deal-by-years-end-but-it-comes-with-at-least-a-200-million-annual-drag-on-its-legendary-at-cost-model RIABiz en 2026-11-10T22:30:44.581000+00:00 Vanguard just scored a $4-billion private placement to close its $4.6-billion Altruist deal by year's end, but it comes with at least a $200-million annual drag on its legendary at-cost model https://riabiz.com/a/2026/11/12/rick-wursters-off-hand-offer-to-trade-sweep-cash-for-ria-custody-fee-at-impact-reveals-dilemma-over-hidden-costs-driving-legacy-custody-model-off-the-rails-and-into-the-lap-of-leaner-ai-driven-competitors RIABiz en 2026-11-12T01:30:38.330000+00:00 Rick Wurster's off-hand offer to trade sweep cash for RIA custody fee at IMPACT reveals dilemma over 'hidden costs' driving legacy custody model off the rails and into the lap of leaner, AI-driven competitors