About This Deal

JPMorgan Chase & Co acquired OpenInvest, a transaction announced in June 2021.

OpenInvest operates in Wealth technology / ESG investing, is based in San Francisco, California, USA. JPMorgan Chase agreed to acquire OpenInvest, a financial-technology company that helps advisers build, customize and report on values-based and ESG investment portfolios. Founded in 2015, OpenInvest was integrated into JPMorgan's Private Bank and Wealth Management offerings while retaining its brand.

Add customization and ESG-reporting tools to the firm's wealth-management platform.

Private Bank / Wealth Management

Deal Terms

Acquirer
JPMorgan Chase & Co
Target
OpenInvest
Value
Not disclosed
Date
June 2021
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
San Francisco, California, USA
Segment
Wealth technology / ESG investing
Announced
June 29, 2021

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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