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OpenInvest Provides Bank Of The West With Personalized ESG Investment Portfolios For Its Customers
[October 08, 2019]

OpenInvest Provides Bank Of The West With Personalized ESG Investment Portfolios For Its Customers

SAN FRANCISCO, Oct. 8, 2019 /PRNewswire/ -- OpenInvest, the tech-enabled asset manager that enables customization, direct indexing and impact investing at scale, announced today that it will offer financial advisors at Bank of the West's BancWest Investment Services access to customizable values-based portfolio generation tools.


"Mass customization is the future of wealth management," said Joshua Levin, co-founder and chief strategy officer, OpenInvest. "OpenInvest is a tech-enabled asset manager that allows advisors and financial institutions to better serve their clientele through personalization - at scale - while maintaining the discipline and controls of a home office. We're excited to provide services to BancWest Investment Services and empower their advisors with the tools they need to provide factor portfolios and customized values-based portfolios with ease."

OpenInvest's technology will enable BancWest Investment Services to generate customized investment portfolios tailored to each individual client's values at a granular level, while capitalizing on BancWest Investment Services' financial expertise, discipline, and compliance. BancWest Investment Services' financial advisors now have the ability to execute rich, real-time, and disciplined customization of private wealth client portfolios through OpenInvest's proprietary Dynamic Custom Indexing (DCI) technology systems.

BancWest Investment Services clients will also receive quarterly "Impact Statements." Alongside their financial returns, OpenInvest will report on the concrete environmental and social impacts generated by their investments, including tons of carbon avoided and total reduction in the number of cigarettes produced each year.

"Bank of the West believes that your money has values, as well as value," said Darin Dubendorf, head of client solutions, Bank of the West, and president, BancWest Investment Services. "As one of the only large U.S. banks with policies aimed at helping protect our planet, it's crucial that we help responsible investors meet their individual goals related to sustainability and social impact. This solution represents an opportunity to not only drive return on investment, but also showcase the real, tangible results generated by using your money to make bold choices and support critical actions to make the world a better place."

Unlike mutual funds or ETFs, an OpenInvest SMA provides granular customization, impact reporting, and proxy voting, while its proprietary algorithms automatically rebalance portfolios to keep them dynamically diversified as investors divest/invest. The OpenInvest platform integrates multi-sourced environmental, social and governance (ESG) data, which consistently update to stay best-in-class. OpenInvest offers a number of causes, such as divestment from fossil fuel producers and major greenhouse gas emitters; investment in corporate women leaders and LGBTQIA+-friendly companies, companies supporting refugees, and more.

For more information on OpenInvest, please visit

About OpenInvest
OpenInvest is a tech-enabled separately managed account (SMA) asset manager that enables custom portfolio generation and direct indexing at scale. Our APIs empower relationship managers to deliver their own factor portfolios, personalization, and tax-loss harvesting, while maintaining firm-level discipline. OpenInvest was founded by architects of Bridgewater Associates' portfolio management, risk control, and trading systems, and is backed by Andreessen-Horowitz, YCombinator, Kevin Durant, and QED - the founders of CapitalOne.

Bank of the West, its affiliates and subsidiaries, are separate from and not affiliated with OpenInvest

About Bank of the West
At Bank of the West, your money has values as well as value. We know money deposited in a bank has the power to finance positive change. So we are taking action to ensure our activities help protect the planet, improve people's lives, and strengthen communities. We are redefining banking for a better future by focusing on areas where we believe we can have a real impact: supporting energy transition, helping enable women entrepreneurs, and financing innovative start-ups. As the bank for a changing world, Bank of the West is committed to sustainable finance along with our parent company BNP Paribas. Through Digital Channels and offices across the U.S., Bank of the West provides financial tools and resources to more than 2 million individuals, families and businesses.

Member FDIC. Equal Housing Lender. © 2019 Bank of the West. Doing business in South Dakota as Bank of the West California.

Bank of the West is a wholly owned subsidiary of BNP Paribas. Bank of the West Wealth Management offers products and services through Bank of the West and its various affiliates and subsidiaries. Global Investment Management Services is a part of Bank of the West Wealth Management's Global Investments and Fiduciary Solutions group, which offers access to trust and fiduciary services, designed to help ensure your wealth is managed according to your wishes. BancWest Investment Services is a wholly owned subsidiary of Bank of the West and a part of the Wealth Management Group.

Bank of the West, its affiliates and subsidiaries, are separate from and not affiliated with OpenInvest. The companies are not responsible for each other's policies or services.

Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, member FINRA/SIPC, and SEC Registered Investment Advisor. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California, (License #0C52321) and through BancWest Investment Services, Inc. in all other states where it is licensed to do business. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.

Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.

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Media Contact:
Phoebe Bell
JCUTLER media group 


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