Ellevest: Investing for women 4+

Honestly powerful

I’ve had the app for a few months now and I’ll be honest I don’t completely understand everything about investing yet. however, I do know a little bit more than I did before I started. The app makes you feel less scared about investing which as a 21-year-old was honestly the best part. There’s also great articles that teach you about all sorts of different things that I never would have learned from School or my parents (who both don’t invest). I also find it really cool that you can choose to only invest in female ran companies. Overall, I find this app to be really powerful because I can now say I am investing for my future and tell my friends about it so hopefully more young people will start. Because honestly we need more young powerful females out there

More Data & Education About YOUR Accounts

I love Ellevest and everything it stands for, and as a woman in my late-twenties who had yet to build a dedicated investment account outside of my 401K, I was really excited to branch into investing with Ellevest! The articles and courses for learning are great. I think Ellevest still has a lot of improvements they can make on sharing data, insights and learnings for your accounts. Finding the accounts that my money is invested in and learning more about them isn’t super user-friendly or intuitive and honestly doesn’t make much sense. It would be great if there were articles or an easy way to learn more about what they’ve invested my money in and why. There’s a chart that shows my overall projections based on what I invest each month, but I’d also love to see a chart with my overall account holdings over time and see how it’s risen and grown. I feel like their education offerings are very generic and would appreciate if they could build those features out to be more specific or at least link to education articles that could teach me more when I’m in my account looking at my portfolio. Overall, I really believe in this company and am glad to be supporting it, but I don’t feel like I’m learning as much as I could and don’t have as much visibility and education on my portfolio as I’d like. Hoping that’s in their improvement plans in the coming year!

Developer Response ,

Thank you for your thoughtful note! We're glad to have you as a member, and are grateful that you took the time to share such insightful feedback with us. I've passed along your thoughts to our Chief Investment Officer so that we can discuss incorporating updates here. In the meantime, you may find value and a bit of insight in our articles "What's Goal-Based Investing, Anyway?" and "Your Life, Upgraded." Best of luck in your financial endeavors! -Katie

Horrible shady UX practices

I reallyyyyy wanted to like this app. I downloaded and entered a lot of my personal and contact information because I wanted to see how the app works and how it makes investments with my money. However as part of the onboarding process it asks you to link your bank account info before you can proceed into the app. I’m always very hesitant when it comes to providing that kind of information before I know what I’m getting myself into. So obviously I abandoned the process but now I keep getting spam emails from them that are impossible to unsubscribe from. I’ve tried logging in on the app and on the web browser to edit my email notification settings or just delete my account however it will not let you continue past the onboarding process without providing your bank info !!!!! This is incredibly irritating and an extremely shady UX practice!!! I’ve read in other reviews that once you link your bank info they make it impossible to unsubscribe or get in touch with them and they’ll just keep taking your money. They need to fix these issues before I consider downloading this app again.

Developer Response ,

Thank you for your review! To provide a bit of insight here, since our platform currently works primarily on a subscription or membership model, a linked account is required to start investing with us. However, we're happy to help remove certain information from your profile and unsubscribe you from our mailing lists. When you have a moment, you can reach out to us at support@ellevest.com. We're looking forward to hearing from you! -Katie