Wealthfront Review

Company Overview: Wealthfront

Based in California, Wealthfront is a leading, independent online robo-advisor and one of the most recognized in the robo-advisor industry. Powered by technology, Wealthfront provides automated portfolios for individual investors who want help saving for retirement, school or other financial goals. Wealthfront manages about $8 billion of assets under management.

Wealthfront Overview

Wealth front offers attractive rates and terms compared with other top online robo-advisors:

Account Minimum: $500

Commission: 0.25% annually (the first $10,000 is free)

Portfolio Mix: Portfolio of low-cost, diversified ETFs from 11 asset classes

Account Types: Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs, trusts and 529 plans.

Portfolio Rebalancing: Yes

Tax Loss Harvesting: Yes

Account Fees: $0 maintenance fees; $0 transfer fees

How Wealthfront Compares: Key Benefits Of Wealthfront

Here are some of the reasons that investors love Wealthfront:

  • Automated: Wealthfront is a robo-advisor and therefore does all the investment work for you.
  • You don’t have to manage your investments. Wealthfront does all the heavy lifting using technology.
  • Portfolio:Wealthfront a portfolio of 11 ETFs that are low cost and diversified.
  • No Commissions:Wealthfront only charges one annual fee based on the size of your investment portfolio. Therefore, there are no commissions.
  • Customer Support:Wealthfront offers live phone support Monday-Friday.

Bottom Line: Is Wealthfront right for you?

Wealthfront has a top reputation as a robo-advisor and is one of the largest independent robo-advisors. The best feature of Wealthfront’s platform is its no fees for automatic rebalancing or tax loss harvesting as well as its no fees on the first $10,000 of assets. There are also no commission on trading or transfers, which can save money relative to traditional online stock brokers if you are an active trader.

Wealthfront invests in a diversified mix of 11 ETFs that range from U.S. stocks and real estate to foreign stocks and dividend stocks.

If your portfolio has more than $100,000 of assets, Wealthfront provides tax-optimized direct indexing.

If your portfolio has more than $500,000 of assets, Wealthfront offers advanced indexing.

You can also use the Wealthfront Path Tool to help you with savings goals, whether it is for retirement or college.

Unlike some other robo-advisors, you can’t purchase fractional shares.This only matters in that some of your account will be cash. Wealthfront will also hold a portion of your account in cash for your projected fees.

Next Steps: How To Apply To Wealthfront

You can open a Wealthfront account online within a few minutes, and the process is simple.


The Best Robo-Advisors 2018

Robo-Advisor
Annual Fee

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 16 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 12 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 9 asset classes
  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum:$5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting for accounts with a minimum $50,000 balance
  • Free access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolios are individualized and incorporate Vanguard index funds and ETFs, if needed
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting on client-by-client basis
  • Access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

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