JPMorgan is buying an ESG investing platform

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  • JPMorgan Chase has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively.
  • Rather than just plowing money into ESG investment funds, clients can use OpenInvest to create highly personalized, dynamic, values-based portfolios. The company pulls data from more than 35 sources to feed decision engines embedded in its tools.
  • JPMorgan approached OpenInvest when the start-up was close to wrapping its Series B funding round, according to people with knowledge of the deal.

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