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 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 0.05% to 0.10% per year, and for Ellevest Impact Portfolios, these ETF and mutual fund fees can range from 0.13% to 0.19% 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.
Clients who upgrade to Ellevest Premium in the middle of the month, will be charged the increased fee for that service on the first day of the following month. Clients who downgrade or are downgraded during the month to Ellevest Digital, will be charged the lower fee for Ellevest Digital commencing on the day of downgrade or the next business day after the date of the downgrade. In the event the Agreement is terminated, the fee for the final billing period is prorated through the effective date of the termination and the outstanding portion of the fee is charged to the client.