Ethos Capital Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Ethos Capital Management reports 181 clients. They include 96 high-net-worth individuals and 85 individual clients. Of its assets, 100.0% ($155M across 463 accounts) are managed with discretion. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 47% | 24% |
| High-net-worth individuals | 53% | 76% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 85 | $36.6M | 23.6% | $431K |
| High-net-worth individuals | 96 | $119M | 76.4% | $1.24M |
| Total | 181 | $155M | 100% | $858K |
- Clients
- 85
- Regulatory AUM
- $36.6M
- AUM share
- 23.6%
- Avg. per client
- $431K
- Clients
- 96
- Regulatory AUM
- $119M
- AUM share
- 76.4%
- Avg. per client
- $1.24M
Total
- Clients
- 181
- Regulatory AUM
- $155M
- AUM share
- 100%
- Avg. per client
- $858K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Ethos Capital Management is paid through a percentage of assets under management and hourly charges. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is billed at $350 per hour, with a minimum cost of $1,650 (about five hours); the fee is due six months after becoming a client and is waived if the client has not received significant value.
Noreen Toto owns 50% to 75% of Ethos Capital Management. The leadership team of Ethos Capital Management includes President Steven Toto. It has 4 employees.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Ethos Capital Management, Inc.
Noreen Toto
Control person · since February 2021
- Owns 25% to 50% of Ethos Capital Management, Inc.
Steven Toto
Control person · since February 2021
Ethos Capital Management’s regulatory assets grew from $129M (July 2025) to $155M (April 2026); clients rose from 151 to 181 and employees from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $155M | 181 | 4 | 3 |
| Jul 2025July 2025 | $129M | 151 | 3 | 3 |
Besides its headquarters, Ethos Capital Management has 2 offices, with 3 listed addresses across 2 states.
Pennsylvania · 2 listed addresses
- 626 South State Street, NewtownHQ
- 196 W. Ashland Street, Doylestown
New Jersey · 1 listed address
- 300 Carnegie Center Drive, Princeton
Contact and registration details
- Legal name
- Ethos Capital Management, Inc.
- Headquarters
- 626 South State Street, Newtown, PA 18940
- Website
- ethoscapitalmgt.com
- Phone
- 215-968-1820
- @ethos-capital-advisors
- SEC file
- 801-132170
- Structure
- Pennsylvania corporation
- Fiscal year end
- December
Ethos Capital Management’s named custodian for separately managed accounts is Charles Schwab ($155M). Ethos Capital Management has custody of $107M for 139 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $155M100%
At year end, Ethos Capital Management’s separately managed accounts were largely in stocks (45%) and funds (44%). Its reported 13F holdings for the quarter ended 30 June 2026 total $140M across 59 positions; the largest are Vanguard Malvern Fds (25.6%), Micron Technology Inc. (4.7%) and Broadcom Inc. (4.5%).
What the accounts hold
- Stocks45%
- Funds44%
- Bonds4%
- Cash7%
How many clients does Ethos Capital Management have?
Ethos Capital Management has 181 clients and manages $155 million for them, as of April 2026. They include 96 high-net-worth individuals and 85 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 April 2026
What services does Ethos Capital Management offer?
Ethos Capital Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ethos Capital Management use?
Ethos Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $155M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 April 2026
How many financial advisors does Ethos Capital Management have?
Ethos Capital Management has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Ethos Capital Management invest in?
At the end of its last fiscal year, Ethos Capital Management’s separately managed accounts held 45% exchange-traded equities, 44% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents and 4% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ethos Capital Management?
Ethos Capital Management’s direct owners are Steven Toto (25% to 50%) and Noreen Toto (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 April 2026
How does Ethos Capital Management get paid?
Ethos Capital Management is paid through a percentage of assets under management and hourly charges. 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
How do I contact Ethos Capital Management?
Ethos Capital Management’s main office is at 626 South State Street, Newtown, PA 18940. Its phone number is 215-968-1820. Its website is ethoscapitalmgt.com.
