"Relationship Science": New startup charges $3,000 for its 1% database

Relationship Science is charging bankers to use its cloud-based CRM tool to track the “1 percent” and already has some high profile Wall Street firms signed for its beta. It describes itself as the “ultimate business development tool.” With algorithmic components, employees manually entered all date into their servers and have already raised $60 million to-date. Is this ethical? Invasion of privacy? What do you think?