AdvisorCensus / Financial advisors / New York / New York / Ethic
Ethic is an SEC-registered investment advisory firm in New York, NY, registered since 2016, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 28, 2026.
Quick answers
From the filingHow is Ethic compensated?
On its Form ADV (Item 5.E, October 2026), Ethic reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Ethic located?
Ethic's principal office is in New York, NY, according to its Form ADV; the May 2025 filing also lists 1 other office (Schedule D, Section 1.F).
Is Ethic registered with the SEC or a state?
Ethic is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 282827.
How much does Ethic manage?
Ethic reports $10,120,085,218 in regulatory assets under management in its Form ADV filing dated August 28, 2026 (100% discretionary).
How have Ethic's assets and staff changed since 2021?
In the Form ADV data for Ethic: Regulatory assets under management: $702,673,305 in the October 2021 data and $10,120,085,218 in the October 2026 data, up 1340%. Total employees: 32 in October 2021 and 75 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Ethic serve?
By number of clients on Form ADV Item 5.D: other investment advisers (105); charitable organizations (28); corporations or other businesses not listed above (23).
Which custodians does Ethic use?
Ethic's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, NA, Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Ethic report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/282827
What changed in Ethic's recent Form ADV filings?
In the September 2026 filing data: Employees performing advisory functions went from 10 to 13. Regulatory assets under management went from $7,817,820,532 to $10,120,085,218 (+29%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated August 28, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$10,120,085,218 as of October 2026, filing dated August 28, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Legal name
- Ethic Inc.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2016 (10 years)
- Employees
- Total: 75. Performing investment advisory functions: 13.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the May 2025 filing
- States registered or notice-filed
-
8 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $10,120,085,218 | 75 | August 28, 2026 |
| October 2025 | $5,925,927,888 | 76 | April 17, 2025 |
| October 2024 | $4,907,799,279 | 65 | May 31, 2024 |
| October 2023 | $3,154,970,013 | 74 | August 24, 2023 |
| October 2022 | $1,815,426,583 | 55 | March 31, 2022 |
| October 2021 | $702,673,305 | 32 | March 29, 2021 |
Regulatory assets under management: $702,673,305 in the October 2021 data and $10,120,085,218 in the October 2026 data, up 1340%.
Total employees: 32 in October 2021 and 75 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Employees performing advisory functions went from 10 to 13.
- Regulatory assets under management went from $7,817,820,532 to $10,120,085,218 (+29%).
- April 2026
- Employees performing advisory functions went from 8 to 10.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Employees performing advisory functions went from 10 to 8.
- Regulatory assets under management went from $5,925,927,888 to $7,279,165,655 (+23%).
- November 2025
- No longer lists an office in New York, NY.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Ethic (CRD 282827): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/ethic-new-york-ny-282827