AdFi
CI

CAPITAL IMPACT ADVISORS

SEC Registered

DEMOCRATIZING ACCESS TO PRIVATE EQUITY

BOSTON, MAhttps://ershares.com617-279-0045
Assets Under Management
$1B–$5B
Employees
5
Office Locations
1 office
Total Accounts
1

About the firm

ERShares applies a proprietary Entrepreneur Factor® research framework to public markets and, via its XOVR ETF, provides exposure to select private companies at fund NAV inside a liquid, transparent ETF. The firm offers an index, an ETF, and a mutual fund built around VC-style research for public markets.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

Investment Companies

Areas of expertise

Private Equity AccessETFVenture-style ResearchPublic MarketsEntrepreneur InvestingCrossover InvestingMutual FundProprietary IndexingEntrepreneur Factor

Services

ERShares offers the XOVR Private-Public Crossover ETF (providing exposure to public innovators and select late-stage private companies), the ENTIX Global Entrepreneurs Mutual Fund (an actively managed global strategy), and the ER30TR Entrepreneur 30 Total Return Index (a proprietary, rules-based venture research index).

Who they serve

Retail investors seeking access to private-equity exposure historically limited to institutional and accredited investors, accessible through most standard brokerages with no minimum investment.

Leadership

Joel Mark Shulman
MANAGING�MEMBER / FOUNDING PARTNER / CHIEF INVESTMENT OFFICER
Inc. Pentegra Services
PARENT

Office locations

1 office in 1 state
MA
BOSTONHQ

Advisors at this firm

1 advisor in the directory

Regulatory & compliance

CRD number
#168313
SEC Number
801-78345
Disciplinary History
No
Fee Model & Minimums
Model: AUM

Data as of March 31, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. CAPITAL IMPACT ADVISORS has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

Find the right advisor for you

Take the free 3-minute assessment to get matched with advisors who fit your goals.

Get Matched
CAPITAL IMPACT ADVISORS in BOSTON, MA | AdvisorFinder