Ellevest is a registered investment advisor founded in 2014 and led by CEO Dr. Sylvia Kwan, dedicated to helping women plan for and invest to close the gender investment gap. The firm offers Private Wealth Management for higher-net-worth individuals, trusts, and foundations, as well as Personal Wealth Management for individual investors seeking portfolio management and financial planning. Ellevest utilizes strategic asset allocation focused on diversification to reduce fees, taxes, and investment risk, avoiding market timing or active sector betting. Clients' assets are managed on a discretionary basis through Charles Schwab, and Ellevest may recommend third-party sub-advisors like Ethic or AllianceBernstein for specialized management. Additionally, Ellevest provides comprehensive financial planning services on an annual renewable basis, as well as specialized services for donor-advised funds and securities-based lines of credit.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.0M | 1.00% |
| $2.0M - $3.0M | 0.95% |
| $3.0M - $5.0M | 0.90% |
| $5.0M - $7.0M | 0.80% |
| $7.0M - $10.0M | 0.70% |
| $10.0M - $15.0M | 0.65% |
| $15.0M - $25.0M | 0.60% |
| $25.0M - $50.0M | 0.55% |
| $50.0M - $75.0M | 0.50% |
| $75.0M - $100.0M | 0.40% |
| $100M+ | 0.35% |
Fees are negotiable based on account type, size, and expected investments. Sub-advisor fees (Ethic up to 0.30%, AllianceBernstein 0.23%) apply in addition where applicable.