Ellevest Market Research Report

Company Overview

• Name: Ellevest, Inc.

• Mission: To help women build wealth so that they can live the lives they want by providing investing, financial planning, and wealth management services optimized for women.

• Founded: 2014

• Founders: Sallie Krawcheck (Co-Founder and CEO)

• Headquarters: No information is available

• Number of employees: No information is available

• Revenue: No information is available

• Known for: Building and managing women’s wealth through a financial platform designed specifically for women, accounting for gender inequalities in earnings, lifespan, and financial motivators.

Key People in the Company

• Sallie Krawcheck (She/Her): CEO and Co-Founder, with over 25 years in the financial services industry, having led Merrill Lynch, Smith Barney, and Citi Private as CEO.

• Sylvia Kwan, PhD, CFA, CAIA (She/Her): Chief Investment Officer, with a PhD in engineering economic systems from Stanford and over 30 years of industry experience.

• Connie Hsiung (She/Her): Chief Operating Officer & Chief Financial Officer

• Stacy Hoover (She/Her): Chief Product Officer

• Natasha Anand (She/Her): VP, Client Operations

• Kate Gustafson (She/Her): Director of Content & Copy

• Jana Harper (She/Her): VP, Engineering

• Amanda Schwab (She/Her): VP, Growth

• Mike Barnes (He/Him): VP, Financial Operations

• Emily Green (She/Her): Director, Private Wealth Management

• Amanda Polcari (She/Her): VP, People Operations

Products

Ellevest offers three major services tailored to help women manage their finances better:

1. Automated Investing

• Description: Provides a tailored investment approach to help individuals achieve their financial goals by automatically adjusting portfolios based on user inputs.

• Key Features: Low fees, diversified portfolios, goal-based investing, and personalized recommendations.

2. Financial Planning

• Description: Personalized financial plans to help women save and invest, taking into account variables like earning disparities and life expectancy.

• Key Features: One-on-one financial consulting, comprehensive retirement planning, and gender-specific financial considerations.

3. Wealth Management

• Description: Comprehensive wealth management services that include in-depth financial strategies and asset management.

• Key Features: Customized investment strategies, impact investing options, and access to dedicated financial advisors.

Recent Developments

• New Products Launched:

• No information is available.

• New Features Added:

• No information is available.

• New Partnerships:

• Ellevest received a $53 million Series B funding round, backed by women-led venture capital firms including Rethink Impact, Halogen Ventures, Cleo Capital, and The Venture Collective.

With a commitment to diversity and inclusion:

• Women on Leadership Teams:

• 84% (Industry Average: 23%)

• People of Color:

• 50% (Industry Average: 11%)

• Women Board Members:

• 83% (Industry Average: 20%)

Ellevest stands out not just for its financial solutions but also for its dedication to representation and inclusivity within its workforce and leadership.