Ellevest

wealthtech-retailrobo advisors

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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MEDICI Analysis

Ellevest is an automated platform that provides personalized investment plans for women. The company also provides goal based risk budgeting, trade-off tools and customized portfolio construction for its clients, and invests across ETFs.

Focus

PRODUCTS & SERVICES

Female focused robo-advisory platform for personalized portfolios

REVENUE MODEL

The company charges .2% fee for ETF funds and other service charges which range from (.15% to .8%). Ellevest clients pay a single fee for brokerage, custodial, investment advisory and other related services. This fee is 50 basis points (0.50%) per year.

MAIN CLIENTS

Retail Women Investors

Traction

VALUATION / MARKET CAP:

$66.67 M in 2016

TRACTION COMMENT:

Currently the company has $136,185 in assets under management across 40 accounts.(Sep 2016)

Momentum

FUNDED

YES

TOTAL FUNDING

$33 M

DATE OF LAST FUNDING

Mar 2019

TOTAL FUNDING COMMENT

Venture funding: $9 M in 2016.

FUNDING SERIES

SERIES A  · $33 M  · Mar 2019

LISTED

NO

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