If you’re looking for a robo advisor that focuses on those who identify as women and a more personal touch, Ellevest can be a good choice. Ellevest offers services designed to take into account the challenges you face as a woman, including a pay gap, an employment break, and the fact that, statistically, you’re likely to live longer than a man.
If you’re trying to figure out how to get started investing and you want help learning how to fit investing into your long-term financial plan, Ellevest could be a good choice. However, it is a robo advisor. If you want to make individual trades and invest in a wide variety of individual stocks, it might not work for you.
Carefully consider your needs, and then figure out whether Ellevest is the right choice as you start investing and learning to more effectively manage your money.
*Banking products and services are provided by Coastal Community Bank, Member FDIC, pursuant to license by Mastercard International.
**Domestic ATM transaction fees will be reimbursed if a payroll direct deposit has been received within the prior 30 days of the ATM transaction settlement. International ATM withdrawal fee of $5 will apply.
***If you opt in to the Roundup Program for debit card purchases, each settled (i.e. fully completed) purchase transaction made with your Ellevest Debit Card will be rounded up to the nearest whole U.S. dollar. The Roundup amount will be transferred from your Spend account to your Save account. Foreign purchases are rounded up to the nearest whole dollar after the purchase is converted to U.S. dollars. ATM withdrawals and transactions in whole US dollars, e.g. $20.00 are excluded from the Roundup program. If, at the time of settlement of a purchase, your Ellevest Spend Account has insufficient available funds to cover the full amount of the Roundup transfer, the Roundup Transfer will not be made. If a purchase is canceled or reversed for any reason (including disputes), the corresponding Roundup Transfer will not be reversed. You can opt out of the Roundup Program at any time.