Morrison & Foerster advised OpenInvest on the deal, while Dechert advised J.P. Morgan.
OpenInvest, a leading financial technology company that helps financial professionals customize and report on values-based investments, announced 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 (Picture) 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.
The Dechert team included corporate partners Ken Young and Christian Matarese, associates Philip Treesh and Madeleine Williams, and summer associate Dillan Gomes; IP partner Thomas Rayski and associate Frank Hwang; financial services partner Michael Sherman and associate Paul Stevens; employee benefits partner Howard Klein and associate Michael Binko; tax partner Joshua Milgrim and associate Guen Park; antitrust partner James Fishkin; labor associate Tanya Warnke; and cybersecurity & privacy partner Karen Neuman, and associates Michael Tierney and Colleen Hespeler.
Involved fees earner: Michael Binko – Dechert; James Fishkin – Dechert; Colleen Hespeler – Dechert; Frank Hwang – Dechert; Howard Kleinman – Dechert; Christian Matarese – Dechert; Joshua Milgrim – Dechert; Karen Neuman – Dechert; Guen Park – Dechert; Thomas Rayski – Dechert; Michael Sherman – Dechert; Paul Stevens – Dechert; Michael Tierney – Dechert; Philip Treesh – Dechert; Tanya Warnke – Dechert; Madeleine Williams – Dechert; Kenneth Young – Dechert; Anthony Carbone – Morrison & Foerster; Samantha Glazer – Morrison & Foerster; Amanda Hines Gold – Morrison & Foerster; Kelley Howes – Morrison & Foerster; Murray Indick – Morrison & Foerster; Philip Jaworskyj – Morrison & Foerster; Matthew Karlyn – Morrison & Foerster; Bradley Kondracki – Morrison & Foerster; Kristen Mathews – Morrison & Foerster; Brooke Monahan – Morrison & Foerster; Olga Terets – Morrison & Foerster; Michael Williams – Morrison & Foerster; Mai Phan Zymaris – Morrison & Foerster;