Ellevest is a robo-advisor that gives more money to women with personalized investing products. Additionally, these women can also be qualified if they have: supplemental banking, learning, and 1:1 coaching opportunities. Plenty of money memberships will begin with as little as $1 a month with no percentage fees towards investments.
Check out their competition such as: Ally Invest, Wealthfront, and Betterment.
Read below for more information on what Ellevest has to offer.
Ellevest Features
With Ellevest, you’ll be able to benefit greatly from the many perks it comes with. Some of the features that come with Ellevest are:
Ellevest Investing
They will design and manage personalized investment portfolios for every one of their members with a proprietary algorithm. It will factor: pay gaps, career breaks, and average lifespans between men and women.
- Women in Leadership. Invest towards companies that have women in their leadership roles and policies that advance women.
- Community Development. You can invest in funds that support loans for housing and community services you can afford.
- Sustainable Practices. Additionally, you can invest in companies that uphold a higher standard bar for ethical and sustainability practices.
Each portfolio is made with a mixture of:: stock, bond, and different funds for diversity. There is no minimum requirements to begin your investment journey.
Ellevest Learning
They will offer: tips, challenges, and workshops for you to attend to help you advance in your career and funds. With their Personalized progress reports, it will help you stay on track with your goals and finances. Plus, you can take advantage of their: pointers, videos, and articles that the Ellevest app has to offer.
Furthermore, they also offer email courses and guides that you can use to work on in your own pace. Learn from the Ellevest team financial planners and career coaches when you go to a workshop online.
Ellevest Coaching
You can get one-on-one sessions with a financial planner or career coach if you are in need of assistance. Once the session is over, you will have a realistic plan set in place for you to save money and move forward financially. Additionally, Ellevest coaching sessions can come with a discount up to 50% off depending on your Money Membership.
Ellevest Retirement
Typically, women retire with about two-thirds as much money as men. However, they live about 6-8 years longer than men do. This is important to know so you can see how plans for different genders are designed. Ellevest makes getting ready for retirement easy as pie by factoring: pay gaps, career breaks, and lifespans. Then, they will show you how much you need to save when retirement is around the corner.
Additionally, your personalized retirement plan will show all of your accounts, not just the accounts you have with Ellevest. This perk comes with the Ellevest Plus or Ellevest Executive Money Membership. This way, you will not have to pay additional fees.
Ellevest Banking
The Ellevest Spend account will come with an Ellevest Mastercard World debit card. This card comes with: unlimited ATM fee refunds with direct deposit, no overdraft, minimum balance, transfer, or card replacement fees. Furthermore, each time your Ellevest debit card is used, the company will immediately round up your spare change to deposit towards your Ellevest Save Account.
Ellevest Money Memerships & Prices
| Money Membership | Cost | Benefits |
| Ellevest Essential (Build Wealth) |
$1/month | Investing, learning & banking 20% off 1:1 coaching sessions |
| Ellevest Plus (Build Wealth & Retirement Planning) |
$5/month | Investing, learning & banking Personalized retirement planning Access to retirement specialists 30% off 1:1 coaching sessions |
| Ellevest Executive (All Goals) |
$9/month | Investing, learning & banking Personalized retirement planning Access to retirement specialists Multi-goal investing (up to 6 accounts) Free 1:1 review of your investment plan 50% off 1:1 coaching sessions |
*Ellevest does not charge a separate advisory fee on your assets.
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Conclusion
Overall, if you’re a woman that is looking for a personalized touch for your investments, Ellevest is a great option for you. This robo-advisor is made to help women with their finances and investment goals.
Additionally, along with a Money Membership, you can receive customized portfolios and financial guidance with banking services and coaching. Lastly, you’ll be able to make use of all of the tips and workshops they offer to advance your financial career.
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Check out brokerage services like Merrill Edge or E*Trade, if you want to make individual trades as well as investing in a variety of individual stocks.
