News, Vision & Voice for the Advisory Community


Sallie Krawcheck astonishes industry observers by raising another $32.5 million for her robo-advisor -- perhaps on strength of 'unit economics'

Ellevest still has AUM in the $25-million range of a rookie LPL rep but venture angels may be rewarding the 13,000% jump in account count

Author Janice Kirkel and Brooke Southall September 7, 2017 at 9:25 PM
no description available
Sallie Krawcheck first has to sell a handful of ultra-wealthy women to believe she can work that same magic on millions of mainstream investors.



Women of Wealth Management

Jeff Spears

Jeff Spears

September 8, 2017 — 12:50 PM
Tenacious is the first word that comes to mind when I read about Sallie. That spirit needs to be conveyed to the Envestnet clients. My biased opinion is that the firm needs to add some human advisors too.


September 8, 2017 — 8:52 PM
$4800 average account value. To me that seems like consumers are "try before you buy" mentality or else these are emerging savers. The latter, sadly tend to cash out their accounts as soon as an expensive life event happens (new HVAC, medical bills). This business to me sounds like one that's hoping for a quick flip & cash out.

Related Moves

March 21, 2024 at 4:41 AM

Jeff Mello is latest to join eMoney's talent exodus but CEO Ed O'Brien says it's healthy renewal at a firm that added several hundred people since Fidelity bought it

The ex-Goldman Sachs director of strategy and planning at eMoney joins a growing list of departures exacerbated, sources say, by Fidelity putting a wobbly performance reporting software project -- and staff -- on its plate

February 28, 2020 at 11:09 PM

Pete Giza and Damon Deru go for Holy Grail of portfolio rebalancing with software that shuffles stocks, bonds... and asset classes; Believe it?

The RedBlack and TradeWarrior executives see old systems as 'archaic' yet know that the Black Diamonds, Morningstars, Orions and Tamaracs see rebalancing as a loss leader

June 11, 2019 at 9:49 PM

Mentioned in this article:

Morningstar, Inc.
Top Executive: Joe Mansueto

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