Subscribe to Entrepreneur for $5
Subscribe

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

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.

Bloomberg | Getty Images

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

Entrepreneur Editors' Picks