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Ellevest Robo-Advisors Review
ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent)
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How Do We Rate Ellevest?
Breakdown
Our Overall Rating: 4.7 / 5 (Excellent)
Ellevest Account Features
Features - 4.5 / 5
The company’s Plus plan offers everything included in the Essential plan, plus an extra 10% off sessions with financial planners and career coaches as well as personalized retirement planning assistance and the option to roll your IRA, 401(k) or 403(b) over to Ellevest.
The Executive Plan is the company's top tier plan and offers all the features of the Plus plan as well as the opportunity to set up personalized, goal-specific investment portfolios and have a free one-on-one meeting with a financial advisor to discuss your investment strategy. You also get a 50% discount on career coach and financial planner sessions.
| Robo-advisor Type | Fully Automated Human Assisted |
| Account Minimum | Ellevest doesn't have account minimums |
| Goals | Save Set Amount Save for a Major Purchase Save for Retirement Education Expenses General Investing Safety Net |
| Integration with Other Accounts | IRA 401(k) Other Brokerage Accounts |
| Types of Assets | Stocks Bonds ETF Portfolios Mutual Funds |
| Access to Financial Advisors | Yes |
| Automatic Portfolio Rebalancing | Yes |
| Tax Loss Harvesting | Yes |
Investment Focus
Ellevest Fees & Commission
Pricing and fees - 4.8 / 5
Ellevest also doesn’t charge for account withdrawals or account rollovers, and the company doesn’t charge investment management fees on assets in the Emergency Fund goal.
| Billing Frequency | Monthly |
| Commission | Ellevest doesn't charge a commission fee. |
| Discounts |
| Fees | Annual - Calculated and deducted monthly |
Financial Advisor Charge(s)
Ellevest Reputation & Customer Service
Reputation - 5 / 5
| Year Founded | 2016 |
| Consumer Financial Protection Board (CFPB) Complaints | 0 |
| SIPC Membership | Yes |
| BBB Rating | B+ |
| Contact Methods | Phone Email Social Media |
| Mobile App | Yes |
| Date Collected | 2020-08-10 |
Free Customer Support
Company Profile
| Full Name | Ellevest Robo-Advisors |
| Company Website | |
| Headquarters | 48 W 25th Street , 6th Floor, New York, NY, 10010 |
Something that makes Ellevest unique is that its clients have the option to invest in Elle Impact Portfolios, which are designed to invest in companies that promote the advancement of women. Additionally, the company offers consumers discounted access to Certified Financial Planners and Executive Coaches, which is great for those who want financial and career advice. Another great thing about Ellevest is that consumers can customize their portfolios with different goals and prioritize them. Ellevest will recommend initial and monthly deposits to help them achieve their goals, which is something that sets the company apart from other companies.
Ellevest offers customer support during regular business hours via email, social media, and over the phone. Additionally, the company’s website has a complete FAQ section and an online magazine, with excellent investment-related articles to help consumers make smart decisions. So, if you’re looking for an investment platform that gives you access to professional advice and that offers personalized portfolios, Ellevest is an excellent option to consider.