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Schwab Buying Motif Technology after Platform Shutdown

Schwab Buying Motif Technology after Platform Shutdown

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FintechNews RoundupUSA
··1 min read

Motif, a robo-adviser platform recently announced that they were shutting down; now Charles Schwab is acquiring Motif’s technology and intellectual property in a cash transaction; this includes their algorithms, patents and source code; it is expected to close by the middle of 2020; Motif’s broker-dealer, RIA, client accounts as well as client assets are not part of the deal; the client accounts have been sold to Folio investments; Schwab is hiring a large portion of Motif’s development and investment talent including Motif founder Hardeep Walia. ThinkAdvisor

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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