Announced
Financials
Sources
Tags
investing solutions
values-based financial solutions
Majority
financial solutions
United States
Private
Venture Capital
Domestic
Acquisition
Asset Managers and Custodians
Friendly
Single Bidder
Private Equity
Pending
Synopsis
JP Morgan agreed to acquire OpenInvest, a financial technology company that helps financial professionals customize and report on values-based investments, from Andreessen Horowitz, Y Combinator and QED, three venture capital firms. The deal is expected to close in the third quarter. Financial terms were not disclosed. "This acquisition further advances our strategic focus on sustainable investing, and we are thrilled to welcome OpenInvest to JP Morgan," Ben Hesse, JP Morgan Asset & Wealth Management Head of Strategy and Business Development.
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