New Client RIA Testing: Comparison Table Scenario
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Our Take
4.8
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
0% - 4%
varies by type of transaction; other fees may apply
Account minimum
$0
Fees
0% - 4%
varies by type of transaction; other fees may apply
Account minimum
$0
Promotion
Get $200 in crypto
when you sign up. Terms Apply.
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 Similar Brokers
0% - 4%
$0
Get $200 in crypto
Up to 1%
$250,000
$250 off
$1,000 and up
$0
Limited time $550 kick-start offer!*
0.25%
$500
Get a $50 customer bonus
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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.