New Client RIA Testing: Comparison Table Scenario 1
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Our Take
4.6
Reviewed in: Oct. 2024
Period considered: Aug. - Oct. 2024
Ellevest offers three tiers of service, starting at $1 a month. Members get discounted access to professional help, free educational resources and a unique investing algorithm that factors in women’s pay gaps, career breaks and longer lifespans. Ellevest Private Wealth Management is available for investors with $1 million or more.
Fees
$3 - $12
per month
Account minimum
$0
Fees
$3 - $12
per month
Account minimum
$0
Promotion
$10 sign-up bonus
Show details
Pros & Cons
- No account minimum.
- Goal-focused investing approach.
- Portfolio that factors in women's needs.
- Private wealth management option.
- IRA access is for Plus and Executive members only.
- No tax-loss harvesting.
Compare to Other Advisors
$3 - $12
$0
$10 sign-up bonus
0.5% - 1.5%
$1,000
Earn a Special 1% Return Boost
0.03% - 3.49%
$0
$20 of BTC
$0
$0
Get up to $1,000
$0.01
$250
Up to $500 in cash
NerdWallet doesn't invest its money with this provider, but they are our referral partner – so we get paid only if you click through and take a qualifying action (such as open an account with or provide your contact information to the provider). Most importantly, our reviews and ratings are objective and are never impacted by our partnerships. Our opinions are our own. Here is a list of our partners and here's how we make money.
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Full Review
Where Ellevest shines
Ellevest specifically focuses on the needs of women: Gender-based investing at Ellevest means factoring women's generally lower incomes, different lifetime earnings curve and longer lifespans into portfolio construction. (Yes, men can be clients, too: They get recommendations that account for their own salary curves and longevity data.)
Ellevest’s coaching: Ellevest helps clients learn about everything from retirement planning to how to negotiate for a raise and career counseling — issues that can affect women differently than men.
Where Ellevest falls short
IRA access: You can only get IRA access at the higher-cost Plus and Executive levels.
No tax-loss harvesting: Ellevest does not offer tax-loss harvesting, unlike several of its competitors.
Ellevest is best for:
Goal-based investing.
Hands-off investors.
Beginning investors.
Values-based investing.
Career coaching.
Financial planning sessions.