Tag: Wealthfront

Posted on August 23, 2021

  • According to the Bureau of Labor Statistics, the CPI for All Urban Consumers increased 5.4% from June 2020 to June 2021. This is the largest 12-month advance since the year ending August 2008.
  • This coincided with new winning robo advisors: Schwab, Wealthfront, Schwab, & Morgan’s Inflation Conscious option.
Read More…

Posted on August 18, 2021

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 over $200M in venture capital to expand operations.  Between its investment management and cash account offerings, Wealthfront is now one of the largest independent robo advisors.

Read More…

Posted on August 11, 2021

Best Robo Advisor for Digital Financial Planning

  • Winner: Wealthfront
  • Runner-Up: Personal Capital
  • Honorable Mention: Schwab
Read More…

Posted on May 26, 2021

  • In 2020, the wealth-tech industry raised over $3.7 billion in new funding
  • Betterment grew its AUM from approximately $18 billion in 2020 to over $28 billion
  • Schwab experienced 51% growth in digitally advised assets
  • Walmart is partnering with Ribbit Capital, a large Robinhood backer, to launch a service called Hazel
Read More…

Posted on May 24, 2021

  • Not all robos implemented tax-loss harvesting to the same extent. While some realized net losses of over 8% of the account value on the year, others did not realize any losses at all
  • TD Essential Portfolios and Schwab Intelligent Portfolios were top choices for tax-loss harvesting over the year
  • SigFig, UBS, and Citizens were at the bottom of the pack with virtually no net realized losses on the year
Read More…

Posted on April 23, 2021

The California-based robo advisor Wealthfront has been rolling out various components of its grand vision called “Self-Driving Money”. This is a set of features that together creates a seamless flow from paycheck to long-term investing while taking care of everything in between.

Read More…