Urban Innovation Fund

The popularity of socially responsible investments continues to grow. Between 2018 and 2020, sustainably invested assets under management grew to $17.1T, up 42%. This accounts for nearly 1/3 of US assets under professional management. Ethic is an asset management platform that lets advisors build socially conscious investment portfolios. The platform lets these wealth advisors purchase indexes and efficiently tailor them by opting out of individual investments that may not be suited to the client’s preferences based on 19 societal issues. The number of assets on Ethic has grown 10x since 2019 and the company now is helping wealth managers manage $760M in assets. AlleyWatch caught up with CEO and Cofounder Doug Scott to learn more about the red-hot environmental, social, and governance (ESG) market, the company’s future plans, and latest round of funding from investors that include Oak HC/FT, Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund, and Kapor Capital.