Ethic, a NYC-based sustainable, tech-enabled asset manager, raised $64m in Series D funding.
The round was led by State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), who joined a group of existing backers from prior funding rounds including Oak HC/FT, Nyca Partners, UBS, Jordan Park, and Fidelity.
The company intends to use the funds to further enhance its investment capabilities and technology to continue to serve the needs of our advisor and institutional partners.
Led by Doug Scott, chief executive officer and co-founder, Ethic provides a platform for advisors and institutions to build personalized and values-aligned portfolios that balance clients’ financial goals, tax needs, and personal values. The company combines direct indexing SMAs, UMAs, model portfolios, and active tax management with tools to help advisors deliver portfolios that reflect what matters most to clients.
FinSMEs
07/04/2025