Morrison & Foerster advised OpenInvest, a leading financial technology company that helps financial professionals customize and report on values-based investments, in its sale to J.P. Morgan, a global leader in investment management and private banking. The company will retain its own brand and be integrated into J.P. Morgan’s Private Bank and Wealth Management client offerings.
OpenInvest was founded in 2015 with a core focus on helping advisors unlock the true impact of their clients’ investments. OpenInvest offers environmental, social, and governance (ESG) investment management products and impact reporting services, and offers investment management solutions that use proprietary technology to seamlessly create low-cost investment portfolios tailored to their clients’ values while tracking market indices.
The MoFo team advising OpenInvest was led by San Francisco corporate partners Murray Indick and Brad Kondracki, along with Palo Alto associate Michael Williams and San Francisco associates Olga Terets and Samantha Glazer. The wider team included Boston technology transactions partner Matt Karlyn and associate Mai Phan Zymaris, New York privacy + data security partner Kristen Mathews and Palo Alto partner Chris Lyon, New York tax partner Anthony Carbone and associate Philip Jaworskyj, San Francisco executive compensation partner Amanda Hines Gold and of counsel Brooke Monahan, and Denver investment management of counsel Kelley Howes.