Clients
Ethic serves 189 clients, 105 of them other investment advisers. The average client has about $54 million with the firm, and high-net-worth clients hold 3% of its $10.1 billion in assets.
- High-net-worth individuals15 clients3%
- Charitable organizations28 clients11%
- Other investment advisers105 clients64%
- Insurance companies3%
- Corporations and other businesses23 clients20%
- Individuals18 clients1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 18 | $64,312,437 | 0.6% | $3.57M |
| High-net-worth individuals | 15 | $263,990,097 | 2.6% | $17.6M |
| Charitable organizations | 28 | $1,065,456,997 | 10.5% | $38.1M |
| Other investment advisers | 105 | $6,473,846,796 | 64.0% | $61.7M |
| Insurance companies | Not reported | $276,535,788 | 2.7% | — |
| Corporations and other businesses | 23 | $1,975,943,103 | 19.5% | $85.9M |
| Total | 189 | $10,120,085,218 | 100% | $53.5M |
- Clients
- 18
- Regulatory AUM
- $64,312,437
- Share
- 0.6%
- Avg. per client
- $3.57M
- Clients
- 15
- Regulatory AUM
- $263,990,097
- Share
- 2.6%
- Avg. per client
- $17.6M
- Clients
- 28
- Regulatory AUM
- $1,065,456,997
- Share
- 10.5%
- Avg. per client
- $38.1M
- Clients
- 105
- Regulatory AUM
- $6,473,846,796
- Share
- 64.0%
- Avg. per client
- $61.7M
- Clients
- Not reported
- Regulatory AUM
- $276,535,788
- Share
- 2.7%
- Avg. per client
- —
- Clients
- 23
- Regulatory AUM
- $1,975,943,103
- Share
- 19.5%
- Avg. per client
- $85.9M
Total
- Clients
- 189
- Regulatory AUM
- $10,120,085,218
- Share
- 100%
- Avg. per client
- $53.5M
What it does
Ethic provides portfolio management for individuals and small businesses, portfolio management for institutions and educational seminars. It is paid through a percentage of assets.
Ethic advises no private funds.
100.0% of assets ($10.12B across 3,505 accounts) are managed with discretion. 1% of clients are outside the U.S., and 2 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks95%
- Funds4%
- Registered funds2%
- Pooled vehicles2%
- Cash1%
Custodians
Ethic’s client accounts are held mainly at Charles Schwab, with 40% of managed assets, and Fidelity, with 26%. Ethic does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · ST. Petersburg, FL · $4.01B40%
- FidelityFidelity Brokerage Services LLC · Los Angeles, CA · $2.63B26%
- BNY Mellon, NABNY Mellon, NA · Pittsburgh, PA · $1.82B18%
- All other custodians$1.66B16%
Ownership and leadership
Ethic is owned through holding companies by John Morris, Ann Lamont, Andrew Adams and State Street Corporation. Douglas Scott is its CEO.
- Owns 10% to 25% of Ethic Inc.
Oak HCFT Management Company LLC
since December 2020
- Owns 25% to 50% of Oak HCFT Management Company LLC
Ann Lamont
Control person · since May 2019
- Owns 25% to 50% of Oak HCFT Management Company LLC
Andrew Adams
Control person · since May 2019
- Owns 5% to 10% of Ethic Inc.
Jordan Lipman
since January 2016
- Owns 5% to 10% of Ethic Inc.
Douglas Scott
Control person · since January 2016
- Owns 5% to 10% of Ethic Inc.
Nyca Investment Fund III, L.P.
since June 2019
- Owns 75% or more of Nyca Investment Fund III, L.P.
John Morris
Control person · since May 2018
- Owns 5% to 10% of Ethic Inc.
State Street Global Advisors, Inc
since January 2025
- Owns 75% or more of State Street Global Advisors, Inc
State Street Corporation
since January 2025
Leadership
- Douglas ScottChief Executive Officer / Co-Founder
- Aakash SharmaChief Compliance Officer
- Stephanie DimarcoBoard Director
- Jennifer GrancioBoard Director
- Alexander LaippleChief Growth Officer
- Jordan LipmanCo-Founder
- Vikram PaulDirector of Legal
- Amlan SenguptaChief Product and Technology Officer
- Matthew StreisfeldBoard Director
Staff
- 75 employees
- 13 in advisory functions
- 9 state-registered reps
- 1 soliciting firm
Reported holdings
Ethic’s reported 13F holdings total $8.02B across 1,358 positions, and the ten largest make up 30.6% of it.
- $8.02B
- Reported 13F value
- 1,358
- Positions
- 30.6%
- In the 10 largest
- +25.6%
- Value vs. prior quarter
- Nvidia Corporation6.6%
- Apple Inc.5.8%
- Microsoft Corp.3.7%
- Alphabet Inc. Cap Stock CL A · Cap Stk CL A2.8%
- Alphabet Inc. Cap Stock CL C · Cap Stk CL C2.7%
- Amazon.com Inc.2.5%
- Micron Technology Inc.1.9%
- Broadcom Inc.1.9%
- Eli Lilly & CO1.4%
- Advanced Micro Devices Inc.1.3%
Together, the ten largest are 30.6% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $8.02B is not its $10.12B in regulatory assets and does not represent any individual client's portfolio.
Fees
Ethic is paid through a percentage of assets under management.
Ethic’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Ethic has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 99 Hudson Street, 17th Floor, New YorkHQ
Registration details
- Legal name
- Ethic Inc.
- Headquarters
- 99 Hudson Street, 17th Floor, New York, NY 10013
- Phone
- 646-687-6744
- Website
- ethic.investments
- SEC file
- 801-107290
- Structure
- Delaware corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Ethic have?
Ethic has 189 clients and manages $10.1 billion for them, as of August 2026. They include 105 other investment advisers, 28 charitable organizations and 23 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026
What services does Ethic offer?
Ethic provides portfolio management for individuals and small businesses, portfolio management for institutions and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ethic use?
Ethic’s separately managed account assets are held at Charles Schwab & Co., Inc. (ST. Petersburg, FL), with $4,008,835,067, Fidelity Brokerage Services LLC (Los Angeles, CA), with $2,629,934,559 and BNY Mellon, NA (Pittsburgh, PA), with $1,819,330,925. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 August 2026
How many financial advisors does Ethic have?
Ethic has 9 investment adviser representatives registered with state securities authorities, out of 75 employees, and 13 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Ethic invest in?
At the end of its last fiscal year, Ethic’s separately managed accounts held 95% exchange-traded equities, 2% registered funds (mutual funds, ETFs, BDCs), 2% pooled vehicles (private funds and similar) and 1% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ethic?
Ethic is owned through holding companies by John Morris, Ann Lamont, Andrew Adams and State Street Corporation. Its direct owners are Jordan Lipman, Douglas Scott, Nyca Investment Fund III, L.P., Oak HCFT Management Company LLC and State Street Global Advisors, Inc, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 28 August 2026
How does Ethic get paid?
Ethic is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file