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Ethic, a New York-based tech-driven asset management platform, raised $50M in Series C funding.
The round was led by Jordan Park Group, UBS Next, Oak HC/FT, Nyca Partners, Sound Ventures, Urban Innovation Fund and Kapor Capital.
The company intends to use the funds for growth plans, including expansion into new markets and products, and continued investments in its platform experience.
Led by CEO Doug Scott, Ethic is a tech-driven asset management platform that powers personalization for financial intermediaries. Its scalable technology platform enables the creation of custom direct indexing portfolios that reflect clients’ values, financial goals, and tax preferences. The company also offers an array of supplemental features, including transparent impact reporting and educational materials, that position financial professionals to lead meaningful conversations around sustainability.
The Ethic offering is available to advisors custodying with Fidelity, Charles Schwab / TD Ameritrade, U.S. Bank, Northern Trust, Morgan Stanley, or Pershing.