State Street Global Advisors Announces Strategic Partnership and Investment in Ethic
State Street Global Advisors (SSGA), the asset management division of State Street (NYSE: STT), has announced an equity investment in Ethic Inc. and formed a strategic partnership to deliver customized investment solutions. The partnership includes the creation of customized separately managed accounts (SMAs), model portfolios, and unified managed accounts (UMAs).
SSGA is leading Ethic's $64 million Series D funding round. The collaboration aims to provide technology-driven solutions for portfolio customization, including proposal generation, transition plans, and reporting. This initiative responds to market demand, as revealed by an SSGA study showing nearly two-thirds of U.S. investors desire more personalized advice, while 85% of advisors believe tax personalization enhances portfolio value.
State Street Global Advisors (SSGA), la divisione di gestione patrimoniale di State Street (NYSE: STT), ha annunciato un investimento azionario in Ethic Inc. e ha formato una partnership strategica per offrire soluzioni di investimento personalizzate. La partnership include la creazione di conti gestiti separatamente (SMA), portafogli modello e conti gestiti unificati (UMA).
SSGA sta guidando il round di finanziamento Serie D da 64 milioni di dollari di Ethic. La collaborazione mira a fornire soluzioni tecnologiche per la personalizzazione dei portafogli, inclusa la generazione di proposte, piani di transizione e reportistica. Questa iniziativa risponde alla domanda di mercato, come rivelato da uno studio di SSGA che mostra che quasi due terzi degli investitori statunitensi desiderano consigli più personalizzati, mentre l'85% degli advisor crede che la personalizzazione fiscale aumenti il valore del portafoglio.
State Street Global Advisors (SSGA), la división de gestión de activos de State Street (NYSE: STT), ha anunciado una inversión en acciones en Ethic Inc. y ha formado una asociación estratégica para ofrecer soluciones de inversión personalizadas. La asociación incluye la creación de cuentas gestionadas por separado (SMA), carteras modelo y cuentas gestionadas unificadas (UMA).
SSGA está liderando la ronda de financiación Serie D de 64 millones de dólares de Ethic. La colaboración tiene como objetivo proporcionar soluciones impulsadas por la tecnología para la personalización de carteras, incluyendo la generación de propuestas, planes de transición e informes. Esta iniciativa responde a la demanda del mercado, como revela un estudio de SSGA que muestra que casi dos tercios de los inversores estadounidenses desean asesoramiento más personalizado, mientras que el 85% de los asesores cree que la personalización fiscal mejora el valor de la cartera.
State Street Global Advisors (SSGA), State Street (NYSE: STT)의 자산 관리 부문,은 Ethic Inc.에 대한 주식 투자를 발표하고 맞춤형 투자 솔루션을 제공하기 위한 전략적 파트너십을 형성했습니다. 이 파트너십에는 맞춤형 별도 관리 계좌(SMA), 모델 포트폴리오 및 통합 관리 계좌(UMA)의 생성이 포함됩니다.
SSGA는 Ethic의 6,400만 달러 시리즈 D 자금 조달 라운드를 주도하고 있습니다. 이 협력은 제안 생성, 전환 계획 및 보고서를 포함하여 포트폴리오 맞춤화를 위한 기술 기반 솔루션을 제공하는 것을 목표로 합니다. 이 이니셔티브는 시장의 수요에 대응하며, SSGA의 연구에 따르면 미국 투자자의 거의 3분의 2가 보다 개인화된 조언을 원한다고 하며, 85%의 상담자는 세금 개인화가 포트폴리오 가치를 높인다고 믿는다고 합니다.
State Street Global Advisors (SSGA), la division de gestion d'actifs de State Street (NYSE: STT), a annoncé un investissement en capital dans Ethic Inc. et a formé un partenariat stratégique pour offrir des solutions d'investissement personnalisées. Ce partenariat comprend la création de comptes gérés séparément (SMA), de portefeuilles modèles et de comptes gérés unifiés (UMA).
SSGA dirige le tour de financement de série D de 64 millions de dollars d'Ethic. La collaboration vise à fournir des solutions technologiques pour la personnalisation des portefeuilles, y compris la génération de propositions, les plans de transition et le reporting. Cette initiative répond à la demande du marché, comme le révèle une étude de SSGA montrant que près des deux tiers des investisseurs américains souhaitent des conseils plus personnalisés, tandis que 85 % des conseillers estiment que la personnalisation fiscale améliore la valeur du portefeuille.
State Street Global Advisors (SSGA), die Vermögensverwaltungssparte von State Street (NYSE: STT), hat eine Eigenkapitalinvestition in Ethic Inc. angekündigt und eine strategische Partnerschaft gebildet, um maßgeschneiderte Investmentlösungen anzubieten. Die Partnerschaft umfasst die Schaffung von maßgeschneiderten separat verwalteten Konten (SMA), Modellportfolios und einheitlich verwalteten Konten (UMA).
SSGA leitet die 64-Millionen-Dollar-Serie-D-Finanzierungsrunde von Ethic. Die Zusammenarbeit zielt darauf ab, technologiegestützte Lösungen für die Anpassung von Portfolios bereitzustellen, einschließlich der Erstellung von Vorschlägen, Übergangsplänen und Berichterstattung. Diese Initiative reagiert auf die Marktnachfrage, wie eine Studie von SSGA zeigt, dass fast zwei Drittel der US-Investoren personalisierte Beratung wünschen, während 85 % der Berater glauben, dass die Steuerpersonalisierung den Wert des Portfolios erhöht.
- Strategic investment and partnership with Ethic expands SSGA's customized portfolio offerings
- Leading $64 million Series D funding round demonstrates strong financial commitment
- Partnership addresses growing market demand for personalized investment solutions
- Technology integration enables scalable customization capabilities
- None.
Insights
State Street's strategic investment in Ethic and the accompanying partnership represents a forward-looking move in the rapidly evolving asset management landscape. By leading Ethic's
This partnership appears strategically sound as it addresses documented client demand—SSGA's own research indicates
For STT shareholders, this partnership potentially creates multiple revenue opportunities: enhanced product offerings that could attract new assets under management, technology-enabled efficiencies in portfolio management, and equity upside from Ethic's growth trajectory. The separately managed account (SMA) market has been growing substantially, and this partnership positions SSGA to capitalize on this trend with a differentiated offering.
While financial terms beyond the funding round leadership weren't disclosed, the strategic rationale aligns with industry trends toward offering more personalized solutions at scale. This move should help SSGA remain competitive against both traditional and fintech competitors in the evolving wealth management ecosystem.
SSGA and Ethic also announced a strategic partnership to deliver customized investment solutions at scale to SSGA’s institutional and financial intermediary clients. Key features of the partnership include:
- Innovative investment solutions – the creation and management of customized separately managed accounts (SMAs), model portfolios, and unified managed accounts (UMAs) powered by SSGA and Ethic.
- Technology-driven experience – an engaging advisor and client experience, spanning unique proposal generation, portfolio transition plans, and reporting.
- Customization with scale – a scalable platform that empowers intermediaries to create highly customized portfolios that seek to align with clients' individual preferences, goals, and values.
“This new partnership underscores our broader commitment to meeting the growing demand for customized portfolios,” said Yie-Hsin Hung, chief executive officer of State Street Global Advisors. “Ethic has seen incredible growth in a short period thanks to industry-leading technology and deep expertise that help advisors deliver portfolios that reflect what matters most to clients. Ethic’s platform has become a standard-bearer for customization, and we’re excited to help them reach new audiences.”
The shift toward personalization is reshaping the financial services industry, with investors increasingly expecting portfolios tailored to their individual values, risk tolerance, and tax situation. A recent SSGA study underscores this trend, revealing that nearly two-thirds of U.S. investors want more personalized advice, while
“We see our role as empowering intermediaries to help their clients invest in the future that they want to see,” said Doug Scott, chief executive officer and co-founder at Ethic. “With this new funding round and strategic partnership, we’re excited to be accelerating the adoption of personalized, values-aligned, and tax-smart investing.”
Today’s announcement reflects SSGA leading Ethic’s
About State Street Global Advisors
For over four decades, we at State Street Global Advisors have served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, and as pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with US
*Pensions & Investments Research Center, as of 12/31/23.
†This figure is presented as of December 31, 2024 and includes ETF AUM of
About Ethic
Ethic partners with advisors and institutions to deliver personalized, values-aligned, and tax-smart investing. Its technology powers sophisticated investment solutions through a simple and engaging client experience. The company is backed by investors including Oak HC/FT, Nyca Partners, Fidelity, UBS, State Street, Jordan Park Group, and Kapor Capital. Ethic is an SEC Registered Investment Adviser based in
Disclosures
Investing involves risk including the risk of loss of principal. The information provided does not constitute investment advice and it should not be relied on as such.
SPDR ETF Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. One Iron Street,
The SPDR® trademark is used under license from S&P Global Inc. or its affiliates (“S&P”). No financial product offered by SSGA or its affiliates is sponsored, endorsed, sold, or promoted by S&P.
Ethic is an SEC registered investment adviser. Ethic may only transact business or render personalized investment advice in those states and international jurisdictions where they are registered/filed notice or otherwise excluded or exempted from registration requirements.
Ethic is not a client of SSGA. No direct compensation was received by Ethic related to this press release; however, Ethic and SSGA have entered into a strategic partnership that involves revenue sharing between Ethic and SSGA based on client referrals and net revenue from SPDR ETFs on Ethic’s platform.
SSGA and Ethic Inc. does not render any legal, accounting, or tax advice.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.ssga.com. Read it carefully.
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Michael Kingsley
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Source: State Street Corporation
FAQ
What is the value of Ethic's Series D funding round led by State Street (STT)?
What investment products will the STT-Ethic partnership offer?
How many US investors want personalized advice according to STT's study?
What percentage of advisors believe in tax personalization's value according to STT?
