Sallie Krawcheck's Ellevest Reaches $1 Billion in Assets Under Management
The milestone is a first for a woman-founded, woman-focused investment firm.
Investment firm Ellevest announced today it has reached $1 billion in client assets under management, the "first financial company built by women, specifically for women" to reach that milestone.
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Ellevest founder and CEO Sallie Krawcheck, who made her name in the industry at Merrill Lynch, Smith Barney and Citi before founding Ellevest in 2014, discussed the news in an interview with Forbes. "What I'm particularly proud of is that it happened during a pandemic," she said. "And very importantly, at a time when you would think women would be more pulled back, we actually had net positive inflows every single week of the year."
Related: Investing: Why More Women Entrepreneurs Should Consider It
In a series of tweets posted Tuesday, Krawcheck announced the milestone and called it one of the "proudest moments of my career to date."
Today, I'm excited to share one of the proudest moments of my career to date — during Women's History Month, no less. @Ellevest is the first financial company built by women, specifically for women to reach $1 billion in client investments. pic.twitter.com/UIKXlUzCol
— Sallie Krawcheck (@SallieKrawcheck) March 23, 2021
(Ellevest AUM as of 3/12/2021)
— Sallie Krawcheck (@SallieKrawcheck) March 23, 2021
Related: 4 Fun Ways for Millennials to Dip Their Toes Into Investing
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