Ellevest—an investing and wealth management company built by and for women—announced a new milestone: $2 billion in client assets under management (AUM). The firm was created as an alternative to a male-dominated industry, with the goal of putting more money in the hands of women.
To celebrate the achievement—which was reached during Women’s History Month—Ellevest founder and CEO Sallie Krawcheck, Chief Investment Officer Dr. Sylvia Kwan, and the Ellevest team were invited to ring the New York Stock Exchange’s Opening Bell on Wednesday, March 13.
Since being founded in 2014, Ellevest has built a community of over 3 million and brought on esteemed investors like Melinda French Gates’ Pivotal Ventures, Rethink Impact, Morningstar, PSP Capital, Ingeborg Investments, and many others.
KEY QUOTES:
“It’s never been a better time to be a woman investor. We’re entering into a newfound phase of economic power that we’re calling ‘the Feminization of Wealth.’ Because we know that money is never just money: It’s the power to live the lives we want. That’s why this milestone is so much more than a number. It’s about our clients investing toward their goals at all ages and stages of their lives — from their first dollar through to multiple millions.”
- Ellevest founder and CEO Sallie Krawcheck
