Wealthfront is a legitimate online investment portfolio manager. They are registered investment advisors with the Securities and Exchange Commission (SEC). ... The fact that Wealthfront in its current business model is only since 2012 is a slight cause for concern.
We protect your cash with FDIC insurance through our partner banks. Your cash is insured by the Federal Deposit Insurance Corporation (FDIC). ... Wealthfront uses multiple partner banks to ensure FDIC coverage of up to $1 million for your cash deposits.
Overall, Wealthfront appears to be an excellent investment service. We think it's one of the best robo advisors, actually. It shines with taxable accounts. Now that Wealthfront offers tax-loss harvesting for all accounts, its service can minimize your annual tax expenses.
We use bank level security to keep your account safe. Linking does not allow Wealthfront to manage or transfer assets in your linked account. ... Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security or a financial product.
Wealthfront Pros
Invest Your First $5,000 Free: If you're on the fence about Robo-Advisors, Wealthfront is a great place to test the waters with a small amount of money because it's free. This is also really great for beginner investors and students who simply don't have a lot to invest yet.
There are two ways to withdraw funds and close your account: you can liquidate your account and transfer the cash to your bank account on file, or you can transfer out in-kind to another institution. ... You will receive your funds via bank transfer (ACH). Please note that liquidating your account may incur taxes.
"In the unlikely event Wealthfront were to cease doing business, your account would be held by our brokerage partner until you transferred your account to a new broker or chose to liquidate your account to receive a check. During this period your account would not be managed by our brokerage partner."
No. This communication has been prepared solely for informational purposes only. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security or a financial product.
Wealthfront at a glance. $500 for investment accounts, $1 for cash accounts, $0 for financial planning. 0.25% (first $5,000 managed free for NerdWallet readers).
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