Absolutely. Our intention is to help break down barriers that have historically benefited cisgender white men. Women are certainly not the only people who’ve been impacted by gender-based biases, and everyone is welcome here.
When you sign up for Ellevest membership, we ask for your gender. The options are woman, man, or non-binary. We ask for this information because we use gender-specific data, like salary curves and expected lifespan, to inform the investing recommendations we make for you. These salary curves are based on data from the US Current Population Survey, a nationally representative sample of men and women full-time earners.
While salary differences between men and women have been extensively studied, trends in the financial experiences of non-binary people aren’t clear yet. In the absence of better data specific to these groups, and because they don’t typically experience the same privileges and advantages in the workplace that cisgender men do, our investing algorithm uses women’s salary curve data to project how much non-binary and gender non-conforming people may be able to invest.
Our Private Wealth Management team also works with clients of all genders and is here to serve anyone looking for an alternative to the financial industry built “by men, for men.”