Tag: Wealthfront

Posted on August 26, 2020

  • At the end of 2019, we estimate that robo advisors had approximately $631 billion of assets under management (AUM)
  • The breakdown includes $247 billion with incumbents, $50 billion with independents, and $334 billion with robo retirement providers
  • Our “Top 5” group experienced a 38% year-over-year increase through the end of 2019
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Posted on August 24, 2020

  • On the surface, many robos describe their TLH services similarly but, in practice, we are seeing meaningful differences in execution
  • TD Ameritrade, Schwab, and Wealthfront accounts stood out for having significant TLH trades
  • SigFig, Citizens Bank, and UBS show little or no activity during the period
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Posted on August 21, 2020

  • Equity markets declined sharply in March giving robos an opportunity for timely rebalancing trades
  • Schwab, Wealthfront, Edelman, and more had notable rebalances from bonds to stocks during the lows
  • The juggernaut Vanguard and others did not rebalance during the entire six-month period
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Posted on August 11, 2020

Best Robo Advisor for Digital Financial Planning

Winner: Wealthfront
Runner-Up: Personal Capital
Honorable Mention: Schwab

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Posted on August 9, 2020

Wealthfront is Ranked #1 for Digital Financial Planning (Summer 2020 Robo Ranking)

Overview

Wealthfront was founded in 2008 as kaChing, a mutual fund analysis company, before pivoting into wealth management.  Wealthfront officially launched in December 2011 and has since raised a total of $205M in venture capital to expand operations.  Between its investment management and cash account offerings, Wealthfront is now one of the largest independent robo advisors, with over $13.5 billion in assets under management and an additional $7+ billion in deposits into its high-yield cash account. 

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Posted on June 12, 2020

In the first quarter of 2020, Backend Benchmarking had the opportunity to see how the robo-advice landscape reacted during a major sell-off. From a performance perspective, our Q1 Robo Report noted that our robo accounts generally declined in proportion to their equity percentage, albeit with some interesting exceptions. However, there has been an unexpected surge in new-account openings in robos even in spite of the market decline. 

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