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Ethic Closes $29M Series B Round To Power Personalization For Wealth Advisors

Mar 30, 2021•over 4 years ago

Amount Raised

$29 Million

Round Type

series b

Description

Ethic Inc. (), the tech-driven asset management platform that powers personalization for advisors, today announced that it has closed $29 million in Series B funding. The round was led by Oak HC/FT, with participation from existing investors including Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund and Kapor Capital.

Company Information

Company

Ethic

About

Ethic is a tech-driven asset management platform that powers personalization for advisors. The company enables advisors to personalize a given benchmark to correspond with a client’s investment, values, and tax management preferences, while seeking to minimize tracking error to the underlying benchmark. The Ethic offering is available to advisors custodying with Fidelity, Charles Schwab / TD Ameritrade, or Pershing. The company is backed by investors including Oak HC/FT, Nyca Partners, Fidelity Investments, and ThirdStream Partners. Ethic is an SEC Registered Investment Adviser based in New York City. Learn more at ethicinvesting.com.

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