3. AI Transformation: Overhyped vs. Underestimated — From Copilots to Cash Flow - The Ecosystem Effect

The final episode of The Ecosystem Effect examines one of the most important shifts taking place across private markets today: the evolution of distribution from a fundraising function into a strategic driver of value creation.As firms seek new sources of capital and investors demand greater access to private markets, technology, partnerships, and distribution networks are becoming central to long-term growth. The firms that successfully connect capital, platforms, and investor experiences will help define the next generation of private markets. In this episode:Scott Kauffman, Founding Partner and Head of Investments at Motive Partners, oversees the firm's investment strategy across its integrated platform, including strategy, investment thesis, deal origination, execution and value creation for its Growth & Buyout portfolio. Scott is a member of the leadership team, and both the Growth & Buyout and Venture Investment Committees, as well as serves on the boards of several leading financial technology companies, bringing decades of experience advising businesses across financial services. Joining him is Laurens Hamerlinck, Head of Fintech Venturing at ABN AMRO. Laurens leads innovation and digital transformation through strategic fintech partnerships, helping connect established financial institutions with emerging technology companies and investment ecosystems. Through initiatives like the ABN AMRO + Techstars Future of Finance Accelerator, he has helped foster collaboration between global financial institutions and the next generation of fintech innovators. Adding to the conversation is Hugo Bongers, Partner on the Venture team at Motive Partners. Hugo is responsible for sourcing and executing investment opportunities across financial technology, bringing deep experience in venture investing and financial services innovation. Before joining Motive, he built and led ABN AMRO Ventures, growing[HGG1]  the fund from €10 million to €150 million in assets under management, as of October 2023, while investing in 25 fintech companies and completing 10 exits.---The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners.  Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. 

Throughout this series, we've explored how data, infrastructure, and artificial intelligence are transforming financial services. Now we bring those ideas together by examining how General Partners are redesigning their operating models to meet the demands of an increasingly connected private markets ecosystem.Today's leading GPs are moving beyond disconnected technology stacks to build integrated platforms where fundraising, portfolio management, investor servicing, and reporting work together through intelligent data and AI-powered workflows.Leading the discussion is Jannine Ravens, Head of Business Management & Insight at With Intelligence, S&P Global. With more than 20 years of experience across financial services strategy, research, and business development, Jannine is a regular speaker and moderator, known for translating proprietary data and market intelligence into actionable insights for senior industry leaders. Joining Jannine is Joan Kehoe, CEO of Alchelyst, an integrated GP Investor solutions and infrastructure partner for private markets asset managers. Joan brings decades of experience in the funds and investment services industry and is currently responsible for setting the firm’s strategic direction, driving platform innovation, and delivering institutional-quality services across global markets.Also joining the conversation is Enrico Ohnemüller, Co-Founder and CEO of Bunch. Enrico is building the digital backbone for private markets through Bunch, enabling fund managers to modernize fund operations with connected technology and AI. Before founding Bunch, he worked at Goldman Sachs and led innovation initiatives at finleap.Adding to the discussion is Kyle Roemer, Managing Director and U.S. Head of Data & AI at Accordion. With nearly two decades of experience spanning data, analytics, product strategy, and private equity value creation, Kyle helps organizations harness AI and modern data platforms to accelerate operational performance and contribute to EBITDA growth across portfolio companies. Rounding out the discussion is Arik Oslerne, Co-Founder and CEO of Steward. Arik leads Steward's AI-first AML and KYC platform, supporting global asset managers, fund administrators, transfer agents, and banks. Previously, he served as COO of Vauban before its acquisition by Carta, where he went on to lead the firm's EMEA Fund Services business. ---The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners.  Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. 

Artificial intelligence is transforming financial services, but where is it creating real value?In this episode of The Ecosystem Effect, our panel explores how AI is moving beyond experimentation to become embedded across investment workflows, operations, and decision-making. As firms combine trusted data, intelligent automation, and connected platforms, AI is becoming a catalyst for measurable business outcomes rather than simply another technology trend.Leading the discussion is Umesh Subramanian, Partner at Motive Partners and former Chief Technology Officer of Citadel and Goldman Sachs. One of the industry's highly experienced technology leaders, Umesh has spent his career building world-class engineering platforms at leading financial institutions and has joined Motive to help drive AI-powered transformation across the firm, its portfolio and broader ecosystem.Joining him is Ramin Niroumand, Partner and Head of Venture at Motive Partners. A serial entrepreneur and fintech investor, Ramin founded founded embedded/capital, a Berlin-based early-stage financial technology investment firm, which was acquired by Motive Partners, to form the early-stage arm of the firm’s integrated investment platform. Ramin is also a member of the Motive leadership team, the firm’s Growth & Buyout Investment Committee and Venture Investment Committee.The discussion also features Nick Leopard, Founder and CEO of Accordion, an AI- and data-powered financial consulting firm focused exclusively on private equity. Since founding the firm in 2009, Nick has grown Accordion into a global value creation partner for private equity sponsors and their portfolio companies, helping modern CFO organizations leverage finance transformation, data, and AI to support measurable business outcomes. Adding to the compelling conversation is Chris Nobles, Division Executive of Mediant at BetaNXT, where he also leads the company's AI strategy. Having spent more than two decades building and scaling technology across product, engineering, information security, and operations, Chris is helping shape AI-native wealth operations and modernize investor communications through intelligent automation. Rounding out the panel is Chris Ford, CEO of Electric Mind, with more than 20 years of experience leading AI-driven transformation initiatives. A recognized speaker and thought leader on artificial intelligence, digital transformation, and performance engineering, Chris specializes in helping organizations translate emerging technologies into practical strategies that deliver meaningful business impact. ---The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners.  Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. 

Welcome back to The Ecosystem Effect, our special podcast series recorded live in Berlin. [BZ1] As private markets continue to expand into the wealth channel, demand is no longer the industry's greatest challenge, rather it is the infrastructure needed to support it. Legacy processes, fragmented workflows, and disconnected technology are giving way to connected platforms that enable greater scale, transparency, and accessibility. This episode explores how firms are rebuilding the foundations of private markets to unlock the next wave of growth. In this episode:Leading the discussion is Marc Andrew, Founder of The Private Markets Forum. Marc has spent nearly two decades bringing together leaders across government, technology, and private markets to modernize the infrastructure underpinning alternative asset management, and expand access to private capital.Joining him is Andrew Tarver, Founding and Industry Partner at Motive Partners and President of the Private Markets Network at InvestCloud. Tarver leads the strategy and growth of the Network, helping expand access to private market investments through connected technology and industry collaboration. A fintech entrepreneur with more than two decades of experience, he has founded multiple financial technology companies.Andrea Wildsmith, Global Commercial Leader for Analytics & Portfolio Solutions at Mercer, adds to this compelling conversation. Andrea leads her firm’s research, analytics, and private markets data initiatives, bringing more than 25 years of experience advising asset owners and investment managers on portfolio strategy and investment risk.Also joining the conversation is Andy Stewart, Industry Partner at Motive Partners and Wilshire Board Member. Andy brings decades of experience building and leading alternative investment businesses, having held senior leadership roles at BlackRock, Credit Suisse, and Man Investments. Today, he advises Motive portfolio companies on strategy and growth, while helping shape the future of alternative asset management through his work across the firm's ecosystem. Rounding out the discussion is Chris Sparenberg, Head of Private Markets Strategy at S&P Global Market Intelligence. Chris leads the commercial strategy for S&P Global's suite of private markets software, data, and managed services, helping investors optimize fundraising, investor relations, deal sourcing, portfolio management, and valuations. Drawing on experience at Cambridge Associates, Nasdaq's eVestment business, Juniper Square, and now S&P Global, he brings deep expertise in technology and data shaping today's private markets ecosystem.---The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners.  Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. 

We're excited to share the second installment of our special edition mini-series podcast captured at the exclusive event: The Ecosystem Effect, which was co-hosted by Motive Partners and S&P Global, in Berlin to kick off SuperReturn 2026. Our first episode explores how strategic data and ecosystem partnerships are redefining value creation across private markets. As public and private markets continue to converge, firms that connect technology, intelligence, and expertise are creating competitive advantages that extend well beyond their own organizations.Leading the conversation is Rob Heyvaert, Founder and Managing Partner of Motive Partners. A lifelong entrepreneur and global fintech leader, Rob has built and scaled multiple notable businesses and founded Motive Partners with a vision of bringing together Investors, Operators, and Innovators to accelerate transformation across financial services. Under his leadership, Motive has become an established specialist investment firm focused exclusively on financial technology.Joining Rob in a dynamic discussion is Sally Moore, Chief Client Officer and Co-Head of Market Intelligence, Kensho Data & Platforms at S&P Global. Sally leads the firm's enterprise commercial strategy, strategic partnerships, and client engagement globally, as well as the market intelligence business, bringing more than two decades of leadership experience helping financial institutions leverage data, technology, and trusted partnerships to drive growth and innovation.---The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners.  Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. 

With the changes discussed in previous episodes in our Forming the Future of Finance limited series – the growth of AI, coupled with changes in portfolio construction – business models will need to change.This fourth and last episode features how GPs will be running their businesses in the future.Cornelia Andersson – Chief Product Officer at With Intelligence moderates this dynamic discussion. An expert on creating value from data and building customer-centric data and analytics products, Cornelia is a frequent speaker at industry events and a published author on various related topics, including market data and information, sustainable finance and investing. Joining her are:Enrico Ohnemüeller, Co-founder and CEO of Bunch, the digital backbone of European Private Markets. With a track record of bridging traditional finance with emerging fintech, Enrico previously gained experience at Goldman Sachs and led innovation at finleap.Nick Leopard, Founder and CEO of Accordion, the financial consulting firm uniquely focused on private equity with more than 300 of the world’s leading PE firms and their portfolio companies as clients. Serving the entire CFO function, under Nick’s leadership Accordion has become the premier digital-enablement partner for portfolio CFOs.Returning to our podcast is Jake Walker, this time as a client of Lyra, a Motive Partners portfolio company and recent spin-out from Apollo’s client services division, Lyra offers a differentiated client-servicing solution, delivering technology and operations capabilities that enhance efficiency and the client experience in both the institutional and wealth channels.Let’s hear what’s next…This series was recorded during an exclusive event, co-hosted by Motive Partners and With Intelligence in Berlin to kick off SuperReturn where the world of private capital meets.___The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners. Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities.

Is the 60/40 portfolio a thing of the past? Is it fair to consider private markets an “alternative” part of an investment allocation? What is the appropriate allocation to alternatives? 10%? 20%? More?This third episode in our Forming the Future of Finance limited series podcast will bring clarity to these points.Leading this discussion is Andrew Tarver, key architect of InvestCloud’s Private Markets Account Network, a connected ecosystem of industry participants making possible the management of public and private markets assets from a single platform.Joining him are:Alexis Augier, Founder & CEO of Vega, a client service and distribution operating system for alternative asset managers, which announced last November a $20 million Series A investment led by Apollo and Motive to scale its platform.Samuel Dale, managing editor of private markets at With Intelligence – who has his finger on the pulse of all developments in the private markets space.Jake Walker, Partner & COO of client & product solutions at Apollo, where he is instrumental in scaling the firm’s client service capabilities across the globe, and architect of Apollo’s founding partnership in InvestCloud’s Private Markets Account Network.And Andy Stewart, executive chairman/former CEO of Wilshire, a seasoned fintech executive at a global provider of market-leading indexes, advanced analytics and alternative and multi-asset investment solutions. Let’s hear more on how to crack the code on private markets investing.This series was recorded during an exclusive event, co-hosted by Motive Partners and With Intelligence in Berlin to kick off SuperReturn where the world of private capital meets.___The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners. Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities.

This second episode of our Forming the Future of Finance limited series podcast is a hot topic: the transformative power of AI. Our experts look at the promise of AI, its risks, and where we are in tapping AI’s potential. Featured in this episode are:Ramin Niroumand, Partner and Head of Ventures at Motive Partners, leading the conversation, an entrepreneur and a native of Germany. Ramin founded finleap at age 27, the country’s first and most prolific fintech company builder. As Berlin emerged as a fintech hub, he launched an early-stage fintech venture fund, which he subsequently merged with Motive Partners.Joining him is Akos Ratku, Founder and CTO of AI-platform Zocks. A tech leader and software engineer, Akos co-founded Zocks, which is an AI platform that is instrumental in helping financial advisors streamline and automate their workflow.Joaquim de la Cruz, CEO and co-founder of Flanks – last year, Joaquim was named to the Forbes’ 30 under 30 for Europe. His company, Flanks, was founded with the goal of modernizing the wealth management industry. Rounding out this episode is Andrew Tarver, President of the Private Markets Account Network at InvestCloud – a global leader in wealthtech with clients that represent more than 40% of the $132 trillion of total assets globally. Tarver is an innovator in his own right, having previously founded several fintech companies, including Thought Machine, and a Founding Partner at Motive.This series was recorded during an exclusive event, co-hosted by Motive Partners and With Intelligence in Berlin to kick off SuperReturn where the world of private capital meets.___The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners. Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities.

Welcome to Forming the Future of Finance – a special limited series podcast focused on reshaping the financial landscape. Our first episode features Natalya Guseva, Head of Financial Markets and Resilience at the World Economic Forum. In her role, Natalya focuses on retail investors’ access to capital markets and the longevity economy. Prior to that, she led the Forum’s community of asset owners and alternative asset managers. Joining her in a compelling conversation is Rob Heyvaert, Motive Partners Founder and Managing Partner, who has built his entire career in financial technology infrastructure as a leading global entrepreneur. Motive is Rob’s third entrepreneurial success, for which he had the vision to create a private equity firm that assembles world-class leaders in fintech and PE. With Rob’s proven Investor-Operator-Innovator model, his firm currently manages one of the largest portfolios in Fintech.Whether you're a founder, investor, reporter, or you’re curious about the future of private markets, you’re in the right place. Let’s dive into what’s shaping tomorrow’s financial world, today.This series was recorded during an exclusive event, co-hosted by Motive Partners and With Intelligence in Berlin to kick off SuperReturn where the world of private capital meets.___The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners. Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities.

This podcast features Nandan Sheth, CEO at Splitit, a financial technology company that powers the next generation of Buy Now, Pay Later (BNPL) through their merchant-branded Installments-as-a-Service platform. Splitit solves the challenges businesses face with traditional BNPL by unlocking BNPL at the point of sale for card networks, issuers and acquirers - all through a single network API.In this episode, Nandan and Blythe Masters (a Founding Partner at Motive Partners) discuss exactly how Splitit differentiates its offerings from traditional BNPL products and how they are going to continue evolving in this space with support from Motive Partners and their unique and differentiated Investors, Operators, and Innovators model to drive value creation.---The information contained in this podcast is intended for discussion purposes only. It is not a recommendation, offer, or a solicitation for the purchase or sale of a security or any services of Motive Partners. All investing involves risk and there is no guarantee that past performance will be indicative of future results.The views and opinions expressed in the podcast are as of the date of recording, reflect the views and opinions of the persons expressing them, and do not necessarily represent the views or opinions of Motive Partners. Motive Partners makes no representations or warranties as to the accuracy, reliability or completeness of any information provided and undertakes no obligation to update, amend, or clarify the information in the podcast, whether as a result of new information, future events, or otherwise. Any securities, transactions, or holdings discussed may not represent investments made by Motive Partners. It should not be assumed that securities, transactions, or holdings discussed (if any) were or will be profitable, or that the recommendations or decisions made in the future will be similar or will equal the performance of the securities, transactions, or holdings discussed herein.This podcast may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Motive Partners or Motive Partners’ investments.  Nothing in the podcast should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities.