07:16 AM EDT, 04/03/2025 (MT Newswires) -- State Street Global Advisors, the asset management unit of State Street Corp. ( STT ) , said Thursday it has acquired a stake in investment platform Ethic and launched a partnership to expand customized investment offerings.

Financial details of the transaction were not disclosed.

Under the agreement, investment advisors will be able to build customized portfolios based on client goals, risk preferences, and personal values, the company said.

State Street shares were down 5.1% in recent premarket activity.