# Ethical Capital

> Ethical Capital is a state-registered investment advisory firm, registered since 2023, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 316032
- Filed as: ETHICAL CAPITAL
- Legal name: Ethical Capital LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Registered in Utah
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/316032
- AdvisorCensus page: https://advisorcensus.com/firm/ethical-capital-316032

## Quick answers

**How is Ethical Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Ethical Capital reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Is Ethical Capital registered with the SEC or a state?**
Ethical Capital is a state-registered investment advisory firm, registered since 2023. Status as filed: APPROVED. CRD 316032.

**How much does Ethical Capital manage?**
Ethical Capital reports $3,710,176 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (96% discretionary).

**What types of clients does Ethical Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (58).

**Does Ethical Capital report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/316032

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Regulatory assets under management (Item 5.F)
- Total: $3,710,176
- Discretionary: $3,551,772
- Non-discretionary: $158,404

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 58 | $3,710,176 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### 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
- Other

### Firm details
- Registered since: 2023 (3 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bsky.app/profile/ethicic.com
- ethicic.com
- Facebook @ethicalcapital
- Instagram @ethicalcapitalcollaborative
- LinkedIn @ethicalcapitalcollective
- TikTok @ethicalcapital
- X @EthicalCapIC

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ethical Capital (CRD 316032): Form ADV filing data as of October 2026.