Ellevest Review: A Financial Company For Women, By Women Promo 2022

Ellevest is a robo-advisor that puts more money in the hands of women with personalized investing products along with supplemental banking1, learning and 1:1 coaching opportunities. Money Memberships start at just $1 a month with no percentage fee on investments. For more on Ellevest and all they have to offer, keep reading.

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Ellevest Features

Ellevest Investing

Ellevest creates and manages a personalized investment portfolio for each of their members using a proprietary algorithm which factors in pay gaps, career breaks and average lifespans – all realistic differences between women and men.

If you want to invest intentionally, opt for an Ellevest Impact Portfolio, developed with up to 53% ESG and impact funds. When you select the Impact Portfolio, you support:

  • Women in Leadership: Invest in companies that have women in leadership roles and policies that advance women
  • Community Development: Invest in funds that support loans for affordable housing and community services
  • Sustainable Practices: Invest in companies with higher standards for ethical and sustainability practices

All Ellevest portfolios are designed with a mix of stock, bond and alternative funds for diversification. Automatic rebalancing and tax minimization are included, and there’s no minimum requirement to start investing.

Ellevest Learning

Ellevest provides quick tips, challenges and workshops to help you do more for you money and your career. Personalized progress reports keep you and your financial goals on track. Find useful tips, videos and articles in the Ellevest app. Email courses and guides are offered so you can go at your own pace. And learn from Ellevest’s team of financial planners and career coaches by attending digital workshops.

Ellevest Coaching

A la carte one-on-one sessions with financial planners and career coaches are designed to help you prioritize your goals and build strengths. After each session, you’ll come out with a realistic actionable plan for your next money or career steps. Ellevest coaching sessions are available at a discount, up to 50% depending on your Money Membership (more on that later).

Ellevest Retirement

On average, women retire with two-thirds as much money as men, but live six to eight years longer. It’s important to recognize these differences and plan for them. Ellevest makes preparing for retirement easy by taking into account pay gaps, career breaks and average lifespans, recommending exactly how much you should save by the time you retire and making adjustments as you get closer to retirement.

Your personalized retirement plan will reflect all of your accounts, not just the ones with Ellevest. This feature is included in your Ellevest Plus or Ellevest Executive Money Membership (more on that later), so you don’t have to pay any extra advisory fees.

Ellevest Banking

The Ellevest Spend account comes with an Ellevest Mastercard World debit card which provides unlimited ATM fee refunds with direct deposit2, and there are no overdraft, minimum balance, transfer or card replacement fees. And every time you use your Ellevest debit card, you can choose to automatically round up your spare change into your Ellevest Save account3.

Ellevest Money Memberships & Pricing

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.

Bottom Line

If you’re a woman who wants a personal touch when it comes to investing and overall money management, Ellevest is an excellent option. The robo-advisor is designed with women, and their unique needs, in mind. As part of your Money Membership, you’ll get customized portfolios and financial advice, as well as banking services, personal coaching and a range of learning opportunities that covers all things finance and career.

Looking to make individual trades and invest in a wide variety of individual stocks? You’ll want to consider a brokerage service, like Merrill Edge or E*Trade, instead.



1 Banking products and services are provided by Coastal Community Bank, Member FDIC, pursuant to license by Mastercard International.

2 Domestic ATM transaction fees will be reimbursed if a payroll direct deposit has been received within the prior 30 days of the ATM transaction settlement. International ATM withdrawal fee of $5 will apply.

3 If you opt in to the Roundup Program for debit card purchases, each settled (i.e. fully completed) purchase transaction made with your Ellevest Debit Card will be rounded up to the nearest whole U.S. dollar. The Roundup amount will be transferred from your Spend account to your Save account. Foreign purchases are rounded up to the nearest whole dollar after the purchase is converted to U.S. dollars. ATM withdrawals and transactions in whole US dollars, e.g. $20.00 are excluded from the Roundup program. If, at the time of settlement of a purchase, your Ellevest Spend Account has insufficient available funds to cover the full amount of the Roundup transfer, the Roundup Transfer will not be made. If a purchase is canceled or reversed for any reason (including disputes), the corresponding Roundup Transfer will not be reversed. You can opt out of the Roundup Program at any time.

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