Feb 20, 2026
Vanguard discloses two bets (as client and investor) on one tiny startup to solve huge problems -- a symbiosis from heaven or hell, depending on how it goes with Avantos; it's going well, so far, with SEI, Mercer and others in the bet on the newcomer
Though 'large, complex organizations (like Vanguard) make terrible beta customers, Avantos cut its teeth on giant RIA Mercer, and may make Vanguard finally getting its act together,' an analyst says.