Wealthfront has about $20 billion in assets under management. It’s the second-largest independent Robo-advisor, after Betterment. And while dozens of Robo-advisors have arrived in recent years, Wealthfront stands out as one of the very best. There isn’t anyone thing Wealthfront does especially well, but many. And they’re adding to their menu of services all the time. Wealthfront offers an automated investment service aimed at young adults investing for the first time or with a high net worth. What makes this robot-advisor stand out among the others are unique features like free financial planning and a recently launched high-interest savings account. The pros far outweigh any cons. Read our full review to find out why. Robo-advisors have barely been around for 10 years, but in the past couple of years, several have been steadily expanding their investment menus, and even offering valuable add-on services. One of the leaders in this regard is Wealthfront. The robot-advisor has been growing their investment capability in every direction but is now even offering financial planning. The platform now bills itself as offering High-Interest Cash, Financial Planning & Robo-Investing for Millennials. If you’re looking for more than just investing. Wealthfront has it. And as has become their trademark, it’s all available at a low cost. When you sign up with Wealthfront, they first have you complete a questionnaire. Your answers will determine your investment goals, time horizon, and risk tolerance. A portfolio invested in multiple asset classes will be constructed, with an exchange-traded fund (ETF) representing each. Wealthfront offers tax-loss harvesting on all portfolio levels. But they’ve also added portfolio options for larger investors, that include stocks as well as ETFs. The inclusion of stocks gives Wealthfront the ability to be more precise and aggressive with tax-loss harvesting.
Wealthfront
