As part of sale to J.P. Morgan, OpenInvest is orphaning RIA clients and laying off the startup's direct-indexing sales force
The New York City super bank ends OpenInvest's days as a money manger and makes it into a technology pod within the $4 trillion AUA company to infuse ESG across wealth, asset management and, perhaps, all the way down to credit cards.
Author Brooke Southall July 2, 2021 at 3:19 AM
Brian Murphy
July 2, 2021 — 4:52 AM
Congrats to Joshua and team. Seems like a pretty good fit. I've been a naysayer on the whole ESG "productization" meme for awhile now, but I hope I'm proven wrong through the new JP Morgan team.
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