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Ellevest

16 articles

Articles tagged "Ellevest"

Page 1 of 2

Stephanie Peters: In under three months of a CEO change, 'You’ve slapped us all in the face.'

Mar 6, 2025

Ellevest impresses analysts and enrages some women by firing 99% of its investors with a late-evening email, and funneling them to Betterment

By keeping its 287 more profitable accounts and shunting 72,000 uneconomical ones to Betterment, the New York City startup's future looks brighter but a money coach's letter says: 'You’ve slapped us all in the face … you shut us up and shut us out '

Connie Hsiung: Working with Ellevest board on company strategy is top priority.

Dec 12, 2024

Sallie Krawcheck, citing a health issue, hands day-to-day operations to co-CEOs, but will remain on the board as it reworks RIA's strategy after pioneering, ten-year run from startup to $2.4 billion in AUM

Connie Hsiung, 38, will fill CEO role of 60-year-old Ellevest co-founder, who was noted for being disarmingly blunt about her frustrations in making the robo-advisor for women hum.

Stephanie Cohen (pictured) has left Goldman Sachs after 25-years, following its failed retail banking bid.

Mar 21, 2024

Breen Blitz: Mercer seals Vanguard OCIO buy • Goldman[Sachs] & Cohen split • PIMCO joins ETF shift • AdvisorEngine-Schwab bond grows • Ellevest milestone • Lonsdale nets new chief • Fidelity leaks data & staff move • Collation wins RIAs • Justin Wisz returns as investor • LPL nets CMO & Tifin a CEO

OCIO sale to Mercer may be Buckley's last act • Goldman's retail lead departs • PIMCO latest to convert mutual funds • Software firm upgrades Schwab data • Krawcheck preaches wisdom of naps • Fidelity hit by data snafu, but D&I on track • New Lonsdale tech shop imminent • Vestorly founder now funding start-ups • Eight month wait for CMO ends at LPL.

Headwinds and a rocking boat in late 2022 force RIA players to seek their balance.

Nov 19, 2022

Biz Briefs: Envestnet's sweet terms net $575 million after seeking $350 million ~ Ron Rhoades fights for right to write by tweet ~ InvestmentNews is packaged for sale ~ Chuck Schwab pays for red wave

Bill Crager is pulling out the stops and purse strings; Western Kentucky isn't all basketball; Charles 'Chuck' Schwab plunks more cash on GOP, and Sallie Krawcheck stumps for the Dems.

Sallie Krawcheck: When it started rolling, it was a force of nature, a f***ing force of nature.

Apr 15, 2022

After micro-fee subscriptions take off, Sallie Krawcheck pulls down $53 million in self-described B raise--then bites the hand of VCs that refuse to feed her chronically in-the-red company

The Ellevest CEO has a 3-million member community and $1.4 billion in AUM after eight years, but has had to make do while 98% of VC funds go to male-run companies, she asserts.

Sallie Krawcheck: What you really want to be is contrarian.

Jul 1, 2021

Enigmatic Sallie Krawcheck finds success evolving her RIA to a more conventional high-net-worth business model, then proclaims her 'contrarian' bonafides

The former chief of Merrill Lynch brokers uses analyst's choice of Bank of America shares as example of also-ran thinking but her maverick approach with Ellevest may be declining.

Salllie Krawcheck: This idea of you build a startup with an eye on the exit door, and who are you going to sell to ... it hasn't entered the equation.

Sep 18, 2020

Ellevest's 'for-women, by-women' message gets more literal after Sallie Krawcheck and her male co-founder part ways and AUM growth picks up steam

Charlie Kroll co-founded Ellevest but he kept a low profile and mostly followed the 'wildly creative' lead of his boss who is taking the firm upmarket and to a subscription model

Sallie Krawcheck: All this nonsense about lattes and shoes is shifting the attention -- and thus the blame -- for the underlying systemic money challenges women face, to the women themselves.

May 20, 2019

Oisin's Bits: Sallie Krawcheck defends latte-spending after high-net-worth pivot • Black Diamond surges past $1 trillion • Fieldpoint loses $400 million book of business to HighTower RIA sparking war of words

Sallie Krawcheck rails; the Jacksonville portfolio management firm dwarfs Advent; and a HighTower RIA airlifts $400 billion from Fieldpoint, sparking strong words

Sallie Krawcheck: It can be life-changing money. Retire-like-an-Instagram-influencer money. Get-your-hand-off-my-leg money.

Mar 30, 2019

Sallie Krawcheck raises fresh $33 million but only after her 'get-your-hand-off-my-leg' venture becomes Schwab RIA with classic fees and minimums and a warrants-for-AUM program

Ellevest has only $283 million of AUM but now Melinda Gates is an investor and big clients will get warrants kicked back to them for bringing in AUM

Bill Willis: The code of conduct at Morgan Stanley is embedded in compliance manual. I’m sure it could find a page, a paragraph, a sentence that would justify his termination.

Apr 2, 2018

Morgan Stanley mega-producer's fate in Oregon may become #MeToo movement litmus test on Wall Street after New York Times report

The charges against Douglas Greenberg of egregious and unlawful behavior aren't compliance- or even MS-employee related, making them 'gray area' infractions, says a source

Sallie Krawcheck: He proceeded to give me chapter and verse on how financial advisors are hard to manage. (Photo credit: WBUR)

Dec 11, 2017

Robo-advisors hit lull in everything but VC backing as reality fragments their identity

A Silicon Valley venture capitalist lectures Sallie Krawcheck on drawbacks of human advisors after she explains she needs capital to hire some

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.

Sep 7, 2017

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

Sallie Krawcheck: I thought we had left sexism behind us by the time I was in more senior roles. After all, we had complaint hotlines and diversity plans.

Nov 29, 2016

How Donald Trump jolted Sallie Krawcheck out of sexism denial, maybe, and the startlingly retro remedies she prescribes for young women

'Getting it' before and after Trump's upset victory takes on different casts, but the 'real key' to gender equality remains the same: get rich by investing well, says Krawcheck

Venus Williams (with Sallie Krawcheck looking on): I wanted to become involved because I believed in Sallie. (Photo credit: LinkedIn)

Oct 6, 2016

With $9 million in second-round VC bucks from Venus and friends on the books, Ellevest's AUM remains ground bound

Sallie Krawcheck has yet to bring her infectious hold on fellow UHNW women to mass affluent women and their expensively long life spans

Sallie Krawcheck: When we took away the jargon and put it into plain English, all of a sudden she said, 'you know what? I can do this.'

May 20, 2016

As a self-aware Sallie Krawcheck launches at TechCrunch Disrupt, Ellevest embraces the peril of selling algorithms to women

Automation is hard enough but the ex-Merrill chief is resolved to deliver to women what they want even if its means giving them what they don't think they want

Ellevest

Articles tagged "Ellevest"

Ellevest impresses analysts and enrages some women by firing 99% of its investors with a late-evening email, and funneling them to Betterment

Sallie Krawcheck, citing a health issue, hands day-to-day operations to co-CEOs, but will remain on the board as it reworks RIA's strategy after pioneering, ten-year run from startup to $2.4 billion in AUM

Biz Briefs: Envestnet's sweet terms net $575 million after seeking $350 million ~ Ron Rhoades fights for right to write by tweet ~ InvestmentNews is packaged for sale ~ Chuck Schwab pays for red wave

After micro-fee subscriptions take off, Sallie Krawcheck pulls down $53 million in self-described B raise--then bites the hand of VCs that refuse to feed her chronically in-the-red company

Enigmatic Sallie Krawcheck finds success evolving her RIA to a more conventional high-net-worth business model, then proclaims her 'contrarian' bonafides

Ellevest's 'for-women, by-women' message gets more literal after Sallie Krawcheck and her male co-founder part ways and AUM growth picks up steam

Oisin's Bits: Sallie Krawcheck defends latte-spending after high-net-worth pivot • Black Diamond surges past $1 trillion • Fieldpoint loses $400 million book of business to HighTower RIA sparking war of words

Sallie Krawcheck raises fresh $33 million but only after her 'get-your-hand-off-my-leg' venture becomes Schwab RIA with classic fees and minimums and a warrants-for-AUM program

Morgan Stanley mega-producer's fate in Oregon may become #MeToo movement litmus test on Wall Street after New York Times report

Robo-advisors hit lull in everything but VC backing as reality fragments their identity

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

How Donald Trump jolted Sallie Krawcheck out of sexism denial, maybe, and the startlingly retro remedies she prescribes for young women

With $9 million in second-round VC bucks from Venus and friends on the books, Ellevest's AUM remains ground bound

As a self-aware Sallie Krawcheck launches at TechCrunch Disrupt, Ellevest embraces the peril of selling algorithms to women

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