Wells Fargo, Morgan Stanley, JPMorgan Chase and others have launched or will launch their own robo products to compete with slicker startups; after seeing the success of startups in the space the banks realized they needed to improve their offerings to keep customers and attract newer, younger ones; the trend to move away from white labeling technology to building their own is a recent one as some traditional players like UBS, State Street and John Hancock are still using services from SigFig, Motif or NextCapital. Source.
Motif provides an investment trading platform with themed investment portfolios for retail investors; the company has now introduced Motif Impact Portfolios for socially responsible investing; the Motif Impact Portfolios will feature companies focused on one of three social values: sustainable planet, fair labor or good corporate behavior; the portfolios were developed through a partnership with MSCI ESG Research; in comments regarding the announcement, Hardeep Walia, founder and CEO of Motif, noted that the introduction of the Motif Impact Portfolios will extend the company's commitment to innovative, accessible and fully-transparent financial products. Source
For the past seven years Motif has offered investors a platform for building portfolios around customized themes personalized to their investment interests and objectives; to extend the platform's offerings and provide investors with a chance to express their personal values through investing, the firm now offers Motif Impact portfolios; the firm's CEO Hardeep Walia provides details on the platform's new investment initiative and explains how the firm's offerings have evolved with economic and social movements in the US. Source
There are no shortage of VC firms who have allocated dollars to various fintechs throughout the world. But for individual...