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June 30, 2021

JPMorgan deepens sustainable investing push with OpenInvest purchase

JPMorgan has agreed to buy San Francisco-based values-based investing expert OpenInvest for an undisclosed amount.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
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  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

OpenInvest will continue to operate under its existing brand. Upon deal completion in the third quarter, the acquired business will be integrated into the bank’s Private Bank and Wealth Management client offerings.

A few months ago, J.P. Morgan Asset Management announced the acquisition of fintech firm 55ip, which offers a tax-smart investment strategy engine to support financial advisers.

The bank will eventually use OpenInvest’s ESG capabilities with 55ip’s tax-smart investment strategies to offer tailored solutions to private bank and wealth management customers.

These solutions will be “values-aligned and tax-efficient”, noted the bank.

J.P. Morgan Wealth Management Solutions CEO Michael Camacho said: “OpenInvest will be a powerful resource for our advisers to use in helping clients personalise their investments.”

Established in 2015, OpenInvest provides environmental, social, governance (ESG) investment management products and impact reporting services.

Among the firm’s backers are Andreessen Horowitz, Y Combinator, and QED.

OpenInvest co-founder and chief strategy officer Joshua Levin said: “Our partnership with J.P. Morgan combines leading ESG technologies with America’s largest bank and the ability to reach nearly half of all American households.”

J.P. Morgan Asset & Wealth Management manages over $2.4trn in ESG-integrated assets and $4trn in overall client assets. It caters to institutions, HNWIs as well as retail investors.

The latest deal comes shortly after JPMorgan’s acquisition of British robo-adviser Nutmeg with more than £3.5bn in assets under management and over 140,000 clients.

Nutmeg is expected to complement JPMorgan’s new digital bank, scheduled to launch in the UK later this year.

Financial terms of the transaction were not revealed though reports said that the deal valued Nutmeg at nearly £700m.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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