Ellevest clients pay a single fee for brokerage, custodial, investment advisory and other related services as described in in our Form ADV Brochure and Client Agreement.
For Ellevest Digital, this fee is 25 basis points (0.25%) per year of your assets under management. For Ellevest Premium, this fee is 50 basis points (0.50%) per year of your assets under management.
The fee is prorated and charged monthly (in arrears) based upon the market value of the average daily account balance of your invested accounts over the preceding month. This is referred to as the “Program Fee” in your Client Agreement and other account disclosure documents.
The Ellevest Digital or Ellevest Premium fees do not include the underlying fees charged by the funds in your account. These fees are built into the purchase price of each security, and do not appear as a separate fee transaction on your statement. For Ellevest core (non-Impact) portfolios, the ETF fund fees can range from 0.06% to 0.16% per year, and for Ellevest Impact Portfolios, these ETF and mutual fund fees can range from 0.16% to 0.23% per year.
There is no fee charged for any client funds held in Emergency Fund goals.
There may be other small costs associated with your Ellevest account. To read about these in more detail, please see this FAQ page.