Dechert Advises J.P. Morgan on Acquisition of OpenInvest

Dechert is advising J.P. Morgan on its agreement to acquire OpenInvest, a leading financial technology company that helps financial professionals customize and report on values-based investments. The company will retain its own brand and be integrated into J.P. Morgan's Private Bank and Wealth Management client offerings. The transaction is expected to close in the third quarter and terms were not disclosed.

This is J.P. Morgan’s second ESG-related deal announced in the last two weeks, and J.P. Morgan has turned to Dechert to advise on both of these deals. Today’s announcement follows the announcement on June 21 of J.P. Morgan’s acquisition of Campbell Global, a Forest Management and Timberland Investing company. 

J.P. Morgan Asset & Wealth Management is a global leader in investment management and private banking with more than $2.4 trillion in ESG-integrated assets under management and $4 trillion in client assets overall. 

The Dechert team includes 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.

About Dechert

Dechert is a leading global law firm with 24 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.