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Ethic, a wealth management platform that powers personalization for financial intermediaries, has closed a $50 million Series C funding round led by Jordan Park Group.
Ethic Raises $50 Million in Series C
UBS Next (the venture arm of UBS) also participated in the round, as well as existing investors Oak HC/FT, Nyca Partners, Sound Ventures, Urban Innovation Fund and Kapor Capital.
Ethic co-founder and CEO Doug Scott said:
He adds that the company’s vision is to create “a world where every investment is a sustainable investment.”
Founded in 2015 and headquartered in New York City, Ethic’s technology platform enables the creation of custom direct index portfolios that reflect client values, financial goals and tax preferences.
It also provides features such as transparent impact reports and educational materials for financial professionals to lead meaningful conversations about sustainability.
Since its $29 million Series B round in March 2021, Ethic claims to have more than $2 billion in assets and a more than 70% increase in headcount.
