State Street’s (STT) asset management arm, State Street Global Advisors, or SSGA, has made an equity investment in Ethic Inc., a technology-driven asset management platform that powers personalized, values-aligned, and tax-smart investing for financial intermediaries. 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 the creation and management of customized separately managed accounts, model portfolios, and unified managed accounts powered by SSGA and Ethic. To meet the need for personalization, SSGA has partnered with Ethic to provide a technology-driven solution enabling financial intermediaries to construct personalized portfolios at scale.
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