With over $2 billion in assets under management, Ellevest offers a secure platform, gender-smart algorithms, and a mobile app that prioritizes user experience.
Unbiased can help you find the right financial advisor to meet your needs.
About Ellevest Wealth Management
Ellevest is a digital-first financial company dedicated to helping women achieve financial wellness through gender-aware investing, planning tools, career coaching, and educational resources.
Its all-female financial advisor team is composed of either experienced Certified Financial Planners (CFPs®) or CFAs who specialize in working with female clients. They offer personalized guidance and a holistic approach to financial planning, with a particular focus on women.
Ellevest's team also helps women with career planning, budgeting, debt management, and retirement, ensuring their overall financial well-being.
What sets Ellevest Wealth Management apart?
Ellevest aims to empower women to succeed financially by offering services tailored to their unique needs.
They provide gender-smart investing portfolios that consider factors like the pay gap, longer lifespans, and comprehensive financial planning tools.
Ellevest financial planning services also include career coaching for professional advancement and financial education to boost financial literacy.
Additionally, certified financial planners are available for further personalized guidance.
What are the pros and cons of Ellevest?
While Ellevest offers unique advantages tailored to women's finances, it's important to weigh its pros and cons to ensure it's the right fit for you.
Pros of Ellevest
Here are some areas where Ellevest Wealth Management shines:
Gender-aware investing: Investment strategies are tailored to women's unique financial needs.
Holistic approach: Offers comprehensive services beyond investing to support overall financial wellness.
Certified Financial Planners: Provides access to experienced advisors specializing in women's financial needs.
Community and support: Fosters a supportive community of women through online resources and events.
Cons of Ellevest
Here are some areas where Ellevest Wealth Management comes up short:
Fees: Membership fees might be a consideration for budget-conscious individuals. Its robo-advisory service clocks in at $12 per month.
Digital-first approach: Primarily, interactions are done through the online platform, potentially limiting in-person consultations.
Limited investment options: Investment options might be less diverse than some traditional brokerage firms.
What financial services does Ellevest offer?
The core of Ellevest's services centers on female financial wellness. The company’s primary focus is on offering gender-smart investing solutions that consider gender-based factors like the pay gap, and the fact that women tend to live longer than men.
Beyond investments, Ellevest offers comprehensive financial planning support, including goal setting, budgeting, and retirement planning. They also offer career coaching to empower women to advance professionally and boost their earning potential.
It’s important to remember that potential clients are subject to certain requirements, such as being US citizens and investing at a threshold of $500,000 before they can utilize Ellevest’s financial planning services.
What fees does Ellevest charge?
Ellevest primarily charges a flat monthly subscription fee of $12 or an annual fee of $129 for its robo-advisory services. Note, however, that Betterment acquired many of Ellevest’s robo-advisory clients in early 2025.
This covers access to their investing platform, financial planning tools, career coaching resources, and educational content. Wealth management fees for account assets also vary between 0.55% and 1.25%.
Beyond the Ellevest advisor fee, additional costs might include:
Financial advisor sessions: While Ellevest members receive a 50% discount, one-on-one sessions with a certified financial planner typically cost $80 to $375, depending on the session type and membership tier.
Fund expenses: The ETFs within Ellevest portfolios carry their own expense ratios, ranging from 0.05% to 0.19% annually.
Remember, there are no account minimums, making Ellevest accessible even for smaller investments. However, a separate fee structure exists for those with over $1 million in investable assets who opt for the private wealth management service.
What technology does Ellevest use?
Ellevest primarily relies on a digital platform for its services, offering clients a centralized hub to access their investment portfolios, financial planning tools, and educational resources.
Its proprietary gender-smart algorithms inform personalized investment strategies and customizable recommendations based on clients’ profiles and portfolios.
Additionally, the Ellevest financial advisor platform facilitates goal-based investing with tailored insights. This platform makes it easy for clients to track their progress and see how close they are to attaining their financial goals.
The female-first firm’s mobile app ensures convenient access while robust security measures safeguard client data.
Is Ellevest secure?
Ellevest prioritizes security with encryption, multi-factor authentication, and partnerships with secure financial institutions.
Regular audits, monitoring, and a strong data protection policy further enhance safety.
While no system is foolproof, Ellevest's proactive measures ensure a secure environment for your finances.
Does Ellevest have good customer service?
Ellevest customer service has generally received a positive response online, mainly through email support and a comprehensive online help center. While some experience delays during busy periods, the company is known for their responsiveness and helpfulness.
Get expert financial advice
Ellevest's financial planning services focus on empowering women through gender-smart investing, holistic financial services, and educational resources.
If you’re looking for the best financial advisor for your needs, let Unbiased match you with an SEC-regulated advisor who can offer you excellent, expert advice.