Get All Access for $5/mo

Sallie Krawcheck's Ellevest Reaches $1 Billion in Assets Under Management The milestone is a first for a woman-founded, woman-focused investment firm.

By Jessica Thomas Edited by Frances Dodds

Bloomberg | Getty Images

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.

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."

Related: 4 Fun Ways for Millennials to Dip Their Toes Into Investing

Jessica Thomas

Entrepreneur Staff

Senior Digital Content Director

Jessica Thomas is the senior digital content director at Entrepreneur. Prior to this role, she spent nearly five years on staff at Worth magazine and was a staff writer for Bustle. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Green Entrepreneur®

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.