Why Ellevest is shunning Exxon, Chevron, Philip Morris, and Wells Fargo

When financial firms talk impact investing, some very big names end up named and shamed.

Ellevest, the robo-advisory firm aimed at women and founded in 2014 by former Bank of America head of global wealth management Sallie Krawcheck, launched a series of “Intentional Impact Portfolios” last fall, designed to let customers “choose to invest your money in companies that meet our criteria for doing the right things by women—and redirect your money away from companies with products,…


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