Ethic Inc. (New York)
Ethic Inc. is a large advisory firm based in New York. It manages $179.85 million of regulatory assets for 86 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, New York, and Texas.
Ethic provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Ethic: assets under management
The assets under management (AUM) of Ethic Inc. is $179.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 17885% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Ethic Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Ethic serves?
The only and largest group of clients of Ethic is other investment advisers with 8 clients and $174.05 million of assets under management. Among the 9 most similar advisory firms, Ethic has the highest percentage of other investment advisers out of all clients.
The amount of regulatory assets under management is $174.05 million for 8 clients. 7% of the firm’s clients are foreign persons or businesses.
Ethic doesn't advise any private funds.
Careers at Ethic Inc.
The company employs 21 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
L.P. Nyca Investment Fund Iii joined the executive team most recently as the Shareholder.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 8 indirect owners.Based in New York
The principal office where Ethic Inc. performs its advisory services is located at 250 West Broadway, 5 Th Floor, New York, NY 10013, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (310) 869-7232 or by fax N/A. The normal business hours are 9:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at ethic.investments/.
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