Legal & General Investment Management America + OpenInvest

Published on

November 5, 2019

We’re excited to share the news about our collaboration with Legal & General Investment Management America (LGIMA). LGIMA is a subsidiary of Legal & General Investment Management (LGIM), one of the world’s largest asset managers, with $1.4 trillion in AUM. Among many other awards, LGIM won “Best ESG Manager” at the Corporate Adviser Awards this year.

OpenInvest’s proprietary Dynamic Custom Indexing (DCI) technology powers LGIMA to deliver custom, separately managed solutions to its clients. Building on LGIM’s long-standing, award-winning ESG work, this partnership also extends LGIMA’s ESG offering. OpenInvest helps LGIMA customize asset owners’ investment portfolios while adhering to their ESG values.

The collaboration is part of a growing roster of advisors, asset managers, and other industry players who are utilizing OpenInvest’s scalable software systems. For example, OpenInvest announced in October its collaboration with Bank of the West, wherein OpenInvest will power the bank’s hundreds of private wealth advisors with automated custom portfolio generation. “In the old, ETF and mutual fund paradigm, advisors had to build portfolios with giant cinder blocks,” says Conor Murray, OpenInvest’s CEO. “We’re giving them 3D printers.” By migrating to modern, post-fund infrastructure, advisors can compete more effectively by translating their knowledge of customers into real-time, rules-based custom manufacturing.

“OpenInvest’s dynamic custom indexing platform allows us to provide customized and cost effective investment solutions tailored to our clients’ needs. Its flexibility allows us to help clients achieve their risk and return objectives while ensuring the relevant ESG criteria are reflected reflected in their investments,” says Aaron Meder, Chief Executive Officer, Legal & General Investment Management America.

As DCI technology helps drive uptake of ESG as a common feature of investments, our collaboration with LGIMA is in line with OpenInvest’s mission to use technology to mainstream values-based investing. Read more about our collaboration here.