Ellevest

CRD#175476
Investment Advisor Firm

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Learn more about Ellevest

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Ellevest is located at 228 Park Ave S, New York, NY. The firm employs 31 financial advisors to manage client portfolios and provide financial guidance. Ellevest is not a registered broker-dealer.

    Ellevest oversees $1.9 billion in assets under management across 144,143 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to 96,075 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and educational seminars. The firm caters to retail investors, high net worth investors, and charitable organizations, with retail investors being the largest client type by accounts. The fee structure at Ellevest includes asset-based, hourly, fixed, and other fees. The firm has 271 high net worth clients.

    Ellevest is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $1.9 billion

    Number of Advisors

    31

    Disclosures

    No

    Office Location

    228 Park Ave S
    New York, NY 10003-1502

    Ellevest by the Numbers

    Total Assets Under Management

    $1.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    104

    National Average: 64
    Total Number of Accounts

    144,143

    National Average: 375,227
    Average Account Size

    $13.2 thousand

    National Average: $23.0 thousand
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    Products and Services

    Ellevest provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and educational seminars. In the prior fiscal year, Ellevest provided financial planning services to 96075 of its customers. The Firm is involved in selling products or offering services other than investment advice to its customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Find a firm that offers this service

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees typically depend on which service is provided. Fees charged by Ellevest can consist of any combination of the following fee types: asset-based, hourly, fixed, or other. The company participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 0% of firms

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

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    Types of Clients

    It provides services to retail investors, high net worth investors, and charitable organizations. Out of its 3 clients, Ellevest's biggest client group by number of accounts is retail investors, though it also manages money for 271 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 0.19%
    • Other Individuals - 99.81%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Ellevest does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Ellevest

    Ehijie Sado
    New York, NY
    Lynn Ackerman
    Lisle, IL
    Katelyn Schwartz
    New York, NY
    Kristen Goodman
    New York, NY
    Samantha Vient
    Costa Mesa, CA
    Kaitlin Horsch
    New York, NY
    Alondra Garcia
    Virginia Beach, VA
    Michelle Petrowski
    New York, NY
    Katherine Phillips
    Chula Vista, CA

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