SAN FRANCISCO: The Charles Schwab Corporation has completed 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. In addition to 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. In addition, Schwab has hired a majority of Motif’s development and investment talent. Financial terms of the transaction are not being disclosed.
The Charles Schwab Corporation is a leading provider of financial services, with more than 360 offices and 14.0 million active brokerage accounts, 1.7 million corporate retirement plan participants, 1.4 million banking accounts, and $4.0 trillion in client assets as of May 31, 2020.
Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors.