has been acquired by

Berkshire Global Advisors acted as financial advisor to Just Invest

Date: July 2021

Sector: Financial Technology

Sub-Sector: Wealthtech

Region: North America

Seller AUM: $1 Billion

Seller Details:
Just Invest is a tech-driven asset manager that uses large-scale data analysis, quantitative algorithms and risk modeling to deliver innovative portfolio and tax management, greater client engagement and world-class economics for both advisors and investors. The firm empowers advisors to enter the new era of wealth management, driven by unprecedented customization and transparent, efficient tax management.

Buyer Details:
Vanguard is one of the world’s largest investment management companies. As of May 31, 2021, Vanguard managed $7.9 trillion in global assets. The firm, headquartered in Valley Forge, Pennsylvania, offers 417 funds to its more than 30 million investors worldwide.

Transaction Summary:
Just Invest leverages large-scale data analysis, quantitative algorithms, and risk modeling to deliver scalable portfolio and tax management through its direct indexing platform, fostering greater client engagement and world-class economics for both financial advisors and their investors. The firm’s capabilities will augment Vanguard’s $3 trillion financial intermediary business, serving registered investment advisors (RIA), bank, and broker-dealer financial advisors.