name: Ellevest FinOps
description: >-
  Financial operations context for Ellevest's wealth management and
  financial planning platform. Ellevest does not offer a consumption-based
  API product with metered billing. Cost structures are based on
  assets under management (AUM) fee schedules for wealth management
  clients and flat-fee packages for standalone financial planning
  engagements. There are no API call charges, data transfer fees, or
  usage-based billing components.
url: https://www.ellevest.com/wealth-management
finops:
  billingModel: AUM-fee and flat-fee (no API usage-based billing)
  apiUsageBilling: false
  freeTier: false
  freeTrialAvailable: false

  costDrivers:
    - name: Assets Under Management Fee
      description: >-
        Annual advisory fee calculated as a percentage of total assets
        managed by Ellevest. Fee declines at higher asset tiers.
        Primary cost driver for wealth management clients.
      type: AUM-based
      rateRange: '0.35% – 1.25% annually'
      minimumAssets: '$500,000'

    - name: Financial Planning Package Fees
      description: >-
        Flat-fee engagements for standalone financial planning services
        not tied to investment management. Packages range from
        single-session to comprehensive year-round access.
      type: flat-fee
      rateRange: '$500 – $4,000+'
      billingFrequency: per engagement or annual

  costOptimizationTips:
    - description: >-
        Consolidate investable assets above $1M to benefit from declining
        AUM fee tiers, reducing the blended advisory rate.
    - description: >-
        Evaluate standalone financial planning packages for specific
        life events (divorce, inheritance, equity compensation) rather
        than full wealth management if assets are below the $500K minimum.
    - description: >-
        Third-party Open Banking aggregators such as Plaid handle
        connectivity fees independently; review aggregator pricing
        separately when building financial applications that access
        Ellevest account data.

  notes: >-
    Ellevest transferred its automated investing (robo-advisor) business
    to Betterment in February 2025. The former membership pricing tiers
    (Basic $12/month, Plus $17/month, Executive $26/month) are no longer
    offered. Current pricing applies only to high-net-worth wealth
    management and financial planning services.