Ethic, a sustainable investing platform that provides direct indexing, announced that it completed a $50 million Series C round.
The funding round was led by Jordan Park Group. UBS also participated through its innovation unit, UBS Next, along with Ethic’s existing investors Oak HC/FT, Nyca Partners, Sound Ventures, Urban Innovation Fund and Kapor Capital, according to a statement.
The company said it would use the new funding to expand into new markets and products, and to continue to invest in its platform experience. It noted that it saw record inflows during the first half of the year despite volatile markets. Ethic now oversees more than $2 billion in assets.
“Our personalized approach, which allows people to create portfolios that reflect their own unique definitions of sustainability, has helped facilitate our rapid growth with intermediaries and their clients,” Doug Scott, co-founder and CEO of Ethic, said in the statement.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
