While searching for a Robo-advisor, you might have heard of Ellevest due to its special portfolios designed to accommodate gender-based life goals and challenges, and you might be wondering if it’s available in your country, right? The short answer is that Ellevest is no longer a Robo-advisor at all: it closed its automated investing service on April 10, 2025.
Ellevest was a financial services company providing specialized automated portfolios through its robo-advisory service. The strategies were based on a unique investment algorithm for clients, particularly women, as it took into consideration factors such as gender-based salary curves and women’s retirement needs. Today, the firm operates as a wealth-management business for high-net-worth clients.
Do you want to know what happened to Ellevest’s Robo-advisor and which alternatives are available to investors? We’ve got you covered!
Founded in 2014, Ellevest is a US-based fintech company that distinguishes itself by focusing its services on women investors. While any person can open an account at Ellevest, the company is aware that investing for any financial goal, like retirement or buying a house, has different aspects, priorities, and considerations that bring more value to women. Some of these considerations are salary gaps, longer life expectancy, and lower salary growth.
Ellevest’s platform used to offer money management services such as banking, investing, coaching, and learning, including a robo-advisory service with automatically managed personalized investment portfolios and financial guidance.
As of April 10, 2025, Ellevest no longer offers automated investing or the old $1/$5/$9 membership plans. Betterment acquired the qualifying digital investing accounts. Ellevest is now a wealth-management firm: Personal Wealth Management from $500,000 and Private Wealth Management from $1 million, with an AUM fee of 0.35%–1.25%. Standalone financial planning is a flat $4,800/year.
In order to build their portfolios, Ellevest used a mix of exchange-traded funds (ETFs) and mutual funds that covered several asset classes. The allocation depended on your risk tolerance, financial situation, and investment goals. It also had an Impact portfolio for those who preferred socially responsible investing.
The bad news is that Ellevest no longer works as a Robo-advisor for anyone — in the US or abroad. The automated investing service shut down on April 10, 2025, and Betterment took over the qualifying digital investing accounts. What remains is a human wealth-management practice for high-net-worth clients, and it is available to US residents only.
Don’t be upset that Ellevest’s Robo-advisor is gone. Many Robo-advisors offer various investment options personalized to meet all investors' needs. We’ve done some deep research and compiled the below alternatives to the robo-advisory services formerly offered by Ellevest. We hope we make it easy for you while searching for a suitable Robo-advisor.
A Robo-advisor offering various portfolios and customization possibilities. The service is fully automated and allows you to invest in socially responsible investments and benefit from tax-loss harvesting. You can have access to a personal financial advisor for amounts greater than €100,000. You can read our inbestMe review.
Sarwa is a Dubai-based Robo-advisor available for international clients except for US citizens or those having single passports from Iran, North Korea, Northern Cyprus, and Yemen. It offers a wide range of automatically managed portfolios, including a crypto portfolio.
Stockspot is an Australian Robo-advisor. It has many portfolio options, themes, and accounts for different investor preferences. It charges a monthly fee of $5.5 for accounts below $10,000, while for the remaining amounts, the management fee varies between 0.396% and 0.66%. Currently, Stockspot is only available for Australian citizens.
A Robo-advisor offering many features like tax-loss harvesting, automatic rebalancing, and access to financial advisors. Its portfolio offerings include a Socially Responsible investing option. Wealthsimple charges between 0.4% and 0.5% annually and is currently available for Canadian residents only.
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Ellevest is no longer a Robo-advisor. Since April 10, 2025, it has focused on wealth management for high-net-worth clients, and its former digital investing accounts moved to Betterment. If you were looking for the low-cost, automatically managed portfolios of the old Ellevest membership, you will need an alternative — wherever you live. As such, we did some research and presented a short list of Robo-advisors to make it easy for you while searching. You can check the full list of Robo-advisors.
There’s no Robo-advisor that’s right for everyone, so the choice will depend on your particular goals and risk perception. In general, we recommend that you check their websites, read how their investment process is implemented, compare the fees charged, and make sure that the company is regulated.
Finally, we hope you’ve found our breakdown of Ellevest and its alternatives useful. And remember, if you have any questions, feel free to leave a comment below.
A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their own research and due diligence about the services and opportunities best suited for their risk, returns, and impact strategy.
Happy investments!
No. Ellevest closed its automated investing service on April 10, 2025, and its remaining wealth-management offering is available to US residents only.
No, Ellevest is not available in Canada.
No, Ellevest is not present in Europe.
No, Ellevest is not present in the UK.
No, Ellevest is not present in Australia.
