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Ellevest
Ellevest is a robo-advisor investment platform and financial literacy program primarily for women. It was cofounded by Sallie Krawcheck and Charlie Kroll in 2014, with venture capital provided in part by Melinda Gates's Pivotal Ventures, Valerie Jarrett, and Eric Schmidt. As of 2021, it manages more than one billion dollars with over 120,000 users, about 90% of whom identify as women. Ellevest provides digital investing tools and financial guidance, as well as private wealth management for individuals, families, and organizations. Its gender-aware investment algorithm takes into account that women often have longer lifespans than men, and thus may need to save or invest more money to account for a longer retirement period. The algorithm also factors in that women typically hit their salary peaks earlier in life than men and typically have lower salaries due to the gender pay gap. Ellevest also allows its users to financially plan for income breaks or decreases, which can be neces ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sallie Krawcheck
Sallie L. Krawcheck (born November 28, 1964) is the former head of Bank of America's Global Wealth and Investment Management division and is currently the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016. She has been called "the most powerful woman on Wall Street." Early life and education Krawcheck grew up in Charleston, South Carolina. She has described her childhood as "half Jewish, half WASP-y". She attended the Porter-Gaud School. While in high school, she participated on the school's track and field team. In 1983, as a high school senior, she was honored as a South Carolina Presidential Scholar. She received a Morehead Scholarship to the University of North Carolina at Chapel Hill, and graduated with a degree in journalism. In 1992, she obtained an MBA from Columbia Business School. Career Sanford C. Bernstein Krawcheck started her business career as equity analyst covering the Wall Street firms, rising to become director of researc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robo-advisor
Robo-advisors or robo-advisers are a class of financial adviser that provide financial advice and investment management online with moderate to minimal human intervention. They provide digital financial advice based on mathematical rules or algorithms. These algorithms are designed by financial advisors, investment managers and data scientists, and coded in software by programmers. These algorithms are executed by software and do not require a human advisor to impart financial advice to a client. The software utilizes its algorithms to automatically allocate, manage and optimize clients' assets for either short-run or long-run investment.D'Acunto, Francesco & Prabhala, N. & Rossi, Alberto G. (2019)"The Promises and Pitfalls of Robo-Advising." Review of Financial Studies /ref> Robo-advisors are categorized based on the extent of personalization, discretion, involvement, and human interaction.D'Acunto, Francesco & Rossi, Alberto G. (2020)"Robo-Advising." Available at SSRN /ref> There ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melinda Gates
Melinda French Gates (born Melinda Ann French; August 15, 1964) is an American philanthropist and former multimedia product developer and manager at Microsoft. French Gates has consistently been ranked as one of the world's most powerful women by ''Forbes''. In 2000, she and her then-husband Bill Gates co-founded the Bill & Melinda Gates Foundation, the world's largest private charitable organization as of 2015. She and her ex-husband have been awarded the US Presidential Medal of Freedom and the French Legion of Honour. In early May 2021, Bill and Melinda Gates announced they were getting divorced but will still remain co-chairs of the foundation. She was recognized as one of the BBC's 100 women of 2021. Early life Melinda Ann French was born on August 15, 1964, in Dallas, Texas. She is the second of four children born to Raymond Joseph French Jr., an aerospace engineer, and Elaine Agnes Amerland, a homemaker. She has an older sister and two younger brothers. French, a Cath ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valerie Jarrett
Valerie June Jarrett ( Bowman; born November 14, 1956) is an American businesswoman and former government official. She currently serves as the Chief Executive Officer of the Obama Foundation. She previously served as the Senior Advisor to the President of the United States, senior advisor to President of the United States, U.S. President Barack Obama and assistant to the president for White House Office of Public Engagement and Intergovernmental Affairs, public engagement and intergovernmental affairs from 2009 to 2017. Before that, she served as a co-chair of the Obama–Biden Transition Project. She has been the CEO of the Obama Foundation since October 2021. Early life and education Jarrett was born in Shiraz, Iran, during Mohammad Reza Pahlavi, the Shah's rule, to American parents James E. Bowman and Barbara T. Bowman. Her father, a pathologist and geneticist, worked at a hospital in Shiraz in 1956. When she was five years old, the family moved to London for a year, later m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eric Schmidt
Eric Emerson Schmidt (born April 27, 1955) is an American businessman and software engineer known for being the CEO of Google from 2001 to 2011, executive chairman of Google from 2011 to 2015, executive chairman of Alphabet Inc. from 2015 to 2017, and Technical Advisor at Alphabet from 2017 to 2020. As an intern at Bell Labs, Schmidt in 1975 was co-author of Lex, a software program to generate lexical analysers for the Unix computer operating system. From 1997 to 2001, he was chief executive officer (CEO) of Novell. He has served on various other boards in academia and industry, including the Boards of Trustees for Carnegie Mellon University, Apple, Princeton University, and Mayo Clinic. In 2008, during his tenure as Google chairman, Schmidt campaigned for Barack Obama, and subsequently became a member of Obama's President's Council of Advisors on Science and Technology, with Eric Lander. Lander later became Joe Biden's science advisor. In the meantime, Schmidt had left Googl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gender Pay Gap
The gender pay gap or gender wage gap is the average difference between the remuneration for men and women who are working. Women are generally found to be paid less than men. There are two distinct numbers regarding the pay gap: non-adjusted versus adjusted pay gap. The latter typically takes into account differences in hours worked, occupations chosen, education and job experience. In the United States, for example, the non-adjusted average woman's annual salary is 79% of the average man's salary, compared to 95% for the adjusted average salary. The reasons link to legal, social and economic factors, and extend beyond "equal pay for equal work". The social factors include topics such as discrimination based on gender, the motherhood penalty vs. fatherhood bonus, parental leave, and gender norms. Additionally, the consequences of the gender pay gap surpass individual grievances, leading to reduced economic output, lower pensions for women, and fewer learning opportunities. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elder Care
Elderly care, or simply eldercare (also known in parts of the English-speaking world as aged care), serves the needs and requirements of senior citizens. It encompasses assisted living, adult daycare, long-term care, nursing homes (often called residential care), hospice care, and home care. Elderly care emphasizes the social and personal requirements of senior citizens who wish to age with dignity while needing assistance with daily activities and with healthcare. Much elderly care is unpaid. Elderly care includes a broad range of practices and institutions, as there is a wide variety of elderly care needs and cultural perspectives on the elderly throughout the world. Cultural and geographic differences The form of care provided for older adults varies greatly by country and even region, and is changing rapidly. Older people worldwide consume the most health spending of any age group. There is also an increasingly large proportion of older people worldwide, especially i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subscription Business Model
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century, and is now used by many businesses, websites and even pharmaceutical companies in partnership with the government. Subscriptions Rather than selling products individually, a subscription offers periodic (daily, weekly, bi-weekly, monthly, semi-annual, yearly/annual, or seasonal) use or access to a product or service, or, in the case of performance-oriented organizations such as opera companies, tickets to the entire run of some set number of (e.g., five to fifteen) scheduled performances for an entire season. Thus, a one-time sale of a product can become a recurring sale and can build brand loyalty. Industries that use this model include mail order book sales clubs and music sales clubs, private web mail providers, cable television, sate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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