ImpactAlpha, Mar. 31 – Ethic has raised $29 million to grow its customized sustainable portfolios for wealth advisors. The tech-driven asset management platform says it has grown assets under management ten-fold since its 2019 financing round, including to $760 million in sustainable direct indexing strategies. “It’s increasingly clear that the future of asset management is personalized,” said Dan Petrozzo of Oak HC/FT, which led the new financing.
Existing investors including Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund and Kapor Capital also participated. Ethic has a strategic agreement with Fidelity and has partnered with several large U.S. advisory firms.
March 31, 2021 | ESG
Ethic raises $29 million to grow customized sustainable portfolios for wealth advisors
ImpactAlpha Editor
Dennis Price
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