Ellevest is a investment adviser based in New York, NY, that holds a 84.4/100 Fidelon TransparencyScore (th percentile), with 13 registered advisors. Score based on public SEC and FINRA filings.
Ellevest
Ellevest · CRD #175476
A fee-only investment adviser with a clean regulatory record and fiduciary commitment.
Fidelon Fact Sheet
Ellevest is an investment adviser that charges 1.25 percent of assets per year. The firm is based in New York, New York. It used to be called Ellevate Financial, Inc. Ellevest manages investment portfolios, helps with financial planning, and offers charitable giving strategies. It charges asset-based fees and fixed fees. The firm holds client money, which means it or a related party can access client funds. Its regulatory record shows no complaints or fines.
How This Firm Works
Registration & Standard of Care
Investment Adviser — this firm is a registered investment adviser, held to a fiduciary standard — legally required to act in clients' best interests.
How This Firm Gets Paid
- Charges a percentage of assets under management
- Charges fixed fees for specific services
- Does not earn commissions on product sales
What you’d pay
Your balance falls in the $500,000 - $1,000,000 band, charged at 1.25% on the full amount.
Not included above
- • Comprehensive financial planning fee is a fixed annual amount of $3,600
- • Schwab Charitable charges an administrative fee up to 60 basis points per annum
- • clients are responsible for commissions, transaction and account fees, and charges associated with PAL or Line of Credit, including asset-based fees for brokerage, custody, trade execution and related services
- • additional fees include transaction charges, reporting charges, custodian fees, margin costs, safekeeping fees, termination fees, early redemption fees, transfer taxes, wire transfers, electronic fund fees, bounced check fees, service fees, IRA fees, and underlying investment fees
Estimated from the firm’s Form ADV Part 2A brochure — not a quote. Actual fees are set in your agreement and may differ. Costs charged by others (custodians, fund managers) are not included.
What This Firm Charges
| Account Size | Annual Fee |
|---|---|
| $500,000 - $1,000,000 | 1.25% |
Billed quarterly in arrears
Extracted from Form ADV Part 2A brochure
Specializations
Extracted from Form ADV Part 2A brochure
Who They Typically Serve
Extracted from Form ADV Part 2A brochure
Key Findings
Strengths
- Fee-only compensation — no commission income reported
- Registered as investment adviser with fiduciary obligation
- No broker-dealer registration — advisory services only
- Clean regulatory record — no disclosures, arbitrations, or fines
- Transparent fee structure — charges advisory fees, no commissions
Things You Should Know
- Fee disclosure could be more detailed — while this firm charges fee-only (no commissions), its regulatory filings describe fee schedules and service terms less clearly than top-scoring peers
Conflict Audit
Our analysis identified 1 potential conflict of interest in regulatory filings.
Source: Form ADV Part 1, Items 6-8; Part 2A, Items 10-14
What this firm says about how it gets paid
“Ellevest is incented to encourage these clients to increase the assets in their advisory account because that will increase the overall amount of fees that Ellevest would earn for its services.”
Source: the firm’s own Form CRS, filed 2026-07-17 — quoted directly
Regulatory Track Record
0
Disclosures
Clean record — no disclosures found
$0
Total Fines
Clean record — no fines found
Regulatory Events
TransparencyScore Dimensions
Disclosure Record
Customer complaints, arbitrations, and fines. Frequency and recency matter.
99/100
Strong
Avg for investment adviser firms: 82.6 | Top 10%: 99.5
Filing Quality
How clearly the firm describes services, fees, and investment approach in regulatory filings.
77/100
Fair
Avg for investment adviser firms: 84.1 | Top 10%: 100
Conflict Disclosure
How openly the firm explains who pays it and what it's paid to sell. The conflict isn't the problem — hiding it is.
77/100
Fair
Avg for investment adviser firms: 54 | Top 10%: 67
Enforcement History
Self-reported legal and disciplinary history from Form ADV Item 11.
100/100
Strong
Avg for investment adviser firms: 99.7 | Top 10%: 100
Next Steps
Advisor Roster
13 advisors
| Advisor | CRD | Score | Grade |
|---|---|---|---|
| Ankur G Patel | 5775950 | — | — |
| Kristen Deedy Goodman | 6528499 | — | — |
| Sylvia Shiu Han Kwan | 2805281 | — | — |
| Kerry Ann O'Brien | 5577494 | — | — |
| Hannah Bauque Steendam | 6348347 | — | — |
| Alondra Garcia | 6009505 | — | — |
| Samantha Craig Vient | 5818349 | — | — |
| Ashley Nicole Bleckner | 6556257 | — | — |
| Kaitlin Marie Horsch | 6879018 | — | — |
| Sofia Liana Figueroa | 6935146 | — | — |
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Frequently Asked Questions
What does the TransparencyScore measure?
The TransparencyScore measures how clearly and completely an advisor or firm discloses important information in their regulatory filings — things like fees, conflicts of interest, disciplinary history, and business practices. A higher score means better disclosure quality, not better investment performance.
Where does this data come from?
All data comes from public regulatory filings: SEC Form ADV (Parts 1, 2, and 3), FINRA BrokerCheck, and the SEC's Investment Adviser Public Disclosure (IAPD) database. These are official filings that firms and advisors are legally required to submit.
Does a low score mean they're a bad advisor?
Not necessarily. A low score means the firm's public filings are less transparent — they may use vague language about fees, skip details about conflicts, or have a more complex regulatory history. Some excellent advisors work at firms with poor disclosure practices. The score measures the filing, not the person.
How often is this data updated?
Fidelon refreshes data from SEC and FINRA sources on a regular schedule. Form ADV filings are updated annually by firms (with amendments throughout the year), and BrokerCheck data is updated as events are reported. Scores are recalculated after each data refresh.
Can an advisor or firm improve their score?
Yes. Scores are based on what's in public filings. A firm that rewrites its ADV brochure in clearer language, discloses conflicts more specifically, or resolves outstanding regulatory issues will see its score improve at the next refresh. The incentive structure is intentional.
Data Sources
Scores are generated using Fidelon's published scoring methodology and reflect the quality of public disclosures, not the quality of investment advice. A firm that improves its disclosures will see its score improve. Fidelon does not provide investment advice.
Verify on SEC IAPD
Last scored: · Score version: 3.8 · CRD #175476