2/17/2023 0 Comments Hands off investment![]() Wealthfront uses just nine ETF’s to construct basic portfolios. These funds capture a very broad percentage of the financial markets since virtually every fund represents a portfolio of hundreds of securities. Like all robo-advisors, Wealthfront constructs all portfolios using a small number of ETFs. This fee structure means that you can have professional investment management of $100,000 for a fee of just $225! Wealthfront Investment Portfolio There are no trading commissions, and Wealthfront uses low-cost ETFs in building your portfolio, which keeps investment expenses to an absolute minimum. What’s more, the first $10,000 in your account is managed for free. Wealthfront charges a flat annual advisory fee of 0.25% of the value of your account. ![]() Wealthfront Mobile App Wealthfront is available on Apple iOS and Android and offers all of the features of the web site.Īnnual fees/cost. There is also additional coverage through Weathfront’s third-party clearing agency, Apex Clearing. That covers your account for up to $500,000, including up to $250,000 in cash. Your Wealthfront account is protected from broker failure (but not market related losses) by SIPC insurance. They are also available 24 hours a day, seven days a week by email.Īccount Protection. You can contact a representative by phone, Monday through Friday, from 10:00 AM to 8:00 PM, Eastern time. This means that you can “set it and forget it” where your investments are concerned!Ĭustomer Service. Wealthfront automatically rebalances your portfolio to keep the asset positions consistent with your designated asset allocation. Wealthfront requires just $500 in order to open an account.Īutomatic Rebalancing. Wealthfront is available for regular individual and joint taxable investment accounts, traditional, Roth, rollover and SEP IRAs trusts, and 529 plans. You can start out with a basic account, which is invested in a short list of ETF’s, but as your account balance grows, Wealthfront provides various additional portfolio options, that have the potential to provide even greater returns. You can start with a minimum deposit of $500, and then add money periodically, or through regular contributions such as payroll deductions. Once that is done, you simply need to provide funds for the account. For that reason, Wealthfront will make that determination upfront, and use it as the basis for constructing your portfolio. People range anywhere from conservative to aggressive in their personal risk tolerance. Basically, that means your attitude toward the prospect that you might lose money with your investments. When you apply for a Wealthfront account, you will be asked a series of questions that are designed to determine your risk tolerance. But more than that, they also provide a holistic tax-efficient investment methodology that has the potential to increase your return on investment.īased in Redwood City, California, Wealthfront manages about $4 billion for 90,000 individual investors. TLH has become more popular in the robo-advisor space, but Wealthfront goes farther than anyone else, in offering it to all account sizes. The advantage of an investment platform like Wealthfront is that it a) provides you with hands-off investment management, and b) it does so at a cost that is well below what is provided by traditional, human investment managers.īut Wealthfront goes beyond typical robo-advisors in one very important category: tax-loss harvesting or TLH.
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