Charles Schwab finalizes asset acquisition of Motif’s technology and intellectual property

Maria Nikolova

Schwab has hired a majority of Motif’s development and investment talent.

The Charles Schwab Corporation on Tuesday announced the completion of the asset acquisition of Motif’s technology and intellectual property.

Motif is a fintech pioneer that has combined breakthrough technology and data science to deliver customized thematic portfolios to investors. On top of thematic investing, Motif’s technology platform offers the flexibility to personalize investments, supports real-time fractional share trading and can help enable sophisticated tax optimization strategies within investment portfolios.

The asset acquisition includes all of Motif’s technology and intellectual property, including algorithms, patents and source code. Schwab has also hired a majority of Motif’s development and investment talent.

Financial terms of the deal were not disclosed.

The transaction was first announced in May 2020. Back then, Neesha Hathi, EVP and Chief Digital Officer at Schwab explained that Schwab intends to leverage Motif’s platform to build on Schwab’s existing capabilities and help accelerate its development of thematic and direct indexing solutions for Schwab’s retail investors and RIA clients.

Motif’s broker-dealer, RIA, client accounts and client assets are not included in the acquisition. Motif recently announced the sale of its client accounts to Folio Investments.

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