Wealthfront
Wealthfront is an automated investment service and robo-advisor that uses algorithms and software to build and manage customized investment portfolios based on a client's financial situation and goals. It aims to provide long-term, tax-efficient investing at low fees.
roboadvisor
portfolio-management
tax-optimization
Wealthfront: Automated Investment Service & Robo-Advisor
Automated investment service using algorithms and software to build customized portfolios based on financial situation and goals, providing long-term, tax-efficient investing at low fees.
What is Wealthfront?
Wealthfront is an industry-leading automated investment service and robo-advisor founded in 2008. It uses sophisticated algorithms and software to build and manage customized investment portfolios tailored to each client's unique financial situation and goals.
Here are some key features of Wealthfront:
- Automated investing powered by advanced software and strategies usually available only to the ultra-wealthy
- Tax-loss harvesting to help boost after-tax returns
- Portfolio lines of credit allowing clients to borrow against their investments
- Socially responsible investing options to match values and priorities
- Planning tools to model different financial scenarios like retirement, home buying, college savings, etc.
- Low account minimums and fees compared to traditional investment managers
- Oversight from financial experts to ensure responsible and productive financial strategies
In summary, Wealthfront utilizes the efficiencies of software and modern technology to deliver low-cost, tax-smart investment management tailored to each investor's personal financial life.
Wealthfront Features
Features
- Automated investment management
- Tax-loss harvesting
- Portfolio rebalancing
- Retirement planning tools
- Financial planning services
- FDIC-insured cash account
Pricing
- Free
- Subscription-Based
Pros
Low fees
Tax-efficient
Automated
Simple
Good for beginner investors
Cons
Limited investment options
No human advisor
Higher minimum balance than some competitors
Official Links
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