Edited by Alexander Malygin
Updated on: 16 Feb, 2022
Money Service Business
United States of America
Ellevest is a robo-advisor run by women and marketed to women, although people of all genders can open accounts. The service asserts that its goals-based approach dovetails with what women actually want from a money manager. Ellevest is best for hands-off investors who want personalized plans for individual investment accounts or retirement accounts. The automated investment app provides a range of services, including rollovers for certain employer-sponsored retirement plans and one-on-one sessions with financial planners and career coaches for purchase.
Monthly Maintenance Fee
(United States dollar)
I have seen Ellevest’s business practices directly through my significant other, and her recent experience has completely solidified our opinion of the establishment. Ellevest doesn’t notify you of charges, declined transactions, nor are they transparent upfront about what applications do or don’t work, or about their limits such as third party providers. Recently, they had her verify her identity on a Thursday, after being a customer for multiple months and receiving consistent paychecks every two weeks. The verification portal wasn’t working and required more than 5 kinds of documentation. The next day, they rejected her paycheck because she had yet to verify her identity, although she was only given less than 24 hours to fill out the information. They sent her the email around 4pm the previous day. It also required her going through support and digging for a support phone number to finally get her answer (the first time she called it went to voicemail). For a bank that’s “empowering women” they’re more so stressing them out and making it more difficult to access hard earned money. Neither of us would recommend this service.
great platform. it is easy to use. i like that i can talk to a real person during business hours and they have a lot of resources i can learn from.
I love the idea of this app - if only I could actually work- sight doesn't work and they don't respond to chat or emails
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On this page, you can see a detailed review of Ellevest Payment systems with reviews from real users and our experts. Ellevest provides the following services: Asset Management, Safeguarding/Custiodian Accounts, Savings Account, Wire Transfer Acceptance, Wealth Management.
At the moment, Ellevest rating on Finscanner is 4 and on Trustpilot is 3.1.