Envestnet Takes Stake In Sallie Krawcheck's Ellevest

Wealthtech provider Envestnet now has an ownership stake in female-focused automated advice platform Ellevest, according to regulatory filings published over the weekend. This investment did not give publicly-traded Envestnet a controlling stake in the six-year-old privately-held Ellevest, which will continue to be run by co-founder and CEO Sallie Krawcheck. The…