Wealthfront Review

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Wealthfront customer reviews, complaints, rating, robo advisor fees, automated investment service pros and cons. Is Wealthfront safe to invest?

Wealthfront Review

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Wealthfront Customer Reviews

by Michelle, 8/25/2016

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The service is pretty accurate and I received pretty much what I expected from this company. I would highly recommend it to family and friends who are looking for investments. They are very helpful. They help me understand what I am getting myself into financially and are there to help answer any questions that I have about their services. The additional fees really aren't that big of a deal for the service that I received from them. They are worth paying more for and I would expect to pay more for better services. Very easy to use with the help that I received. Before them, I had no idea what I was doing. Now I am better at what I am doing.

by Alex, 7/15/2016

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Their platform is simple, elegant, and accessible across any of my devices. Its easier than any other investing site I've used before.

by Andrew, 3/8/2016

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I'm making great returns with Wealthfront. It's a "rob-advisor" that does all your investing for you. Estimated 5.5% yearly returns. I'm already up 5.9% in 3 months. That could be because I started in a down market and it bounced back. If you have money to invest and don't know how to invest then definitely check this out. If you sign up with my referral link we both get $5,000 extra managed for free. That's $15,000 managed for free. It's way better than the pennies you make in your savings account.

by Paul, 3/6/2015

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If you look at your 401K you will notice tremendous fees going to the people running these funds. Not so for wealthfront and if you are still in your 30s this adds up to quite a bit of money by the time you are 65.

by Michael, 11/4/2014

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Fees are a big deal and in the end it is what separates out startups like wealthfront from bigger players. Vanguard has low fees and you know what...wealthfront is better on some funds. Much better interface to track your investments though.

by Hanson, 8/5/2013

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Wealth Front is an easy way to manage personal investments with lower fees than a traditional wealth management or brokerage firm. I like to do a lot of my own investing so it suited me just fine. I don't know how it compares to Vanguard and other low-cost providers but I've been impressed by Wealth Front so far.



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Leading U.S. Brokerage Review Websites About Wealthfront

"Wealthfront is a robo-advisor with an emphasis on taxable accounts but also works well with IRAs. Wealthfront uses Modern Portfolio Theory (MPT) to create an automated asset allocation. It’s like having a financial advisor that’s software based. "

Investor Junkie

"They have combined the best of modern technology with rigorous investment research to provide diversified, low-cost, tax-efficient portfolios comprised of index ETFs."

Cash Cow Couple

"Wealthfront is one of the biggest players in the robo-advisor movement. The company’s methodology includes giving investors a streamlined questionnaire to identify risk tolerance, then employing exchange-traded funds (ETFs) in 11 asset classes."

Nerd Wallet

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WealthFront Review
Robo-investment advisors like Wealthfront are making it possible for the general population to take control of their future, and enter the market in ways not previously conceivable. It’s a very exciting time in fintech. As the years march on, no doubt there will be more innovations and ways to invest smartly with the help of AI and Big Data.  

The word 'saving' isn’t exactly something that brings joy to the hearts of the masses. In fact, 62% of Americans have less than $1,000 set aside in an emergency fund. A whopping 21% don’t have a savings account to speak of. Between the average person’s natural aversion towards planning for tomorrow, and the fear words like ‘Brokerage’ or ‘Individual Retirement Account’ can instill, it’s not surprising that a large percentage of the population neglects setting aside what they’re going to need for a stable future.

However, it's never too late to start. In our gadget-filled era, there’s an app for everything. It follows that there is increased access to financial planning tools and yes, even robotic investment advisors.

When it comes to investing with the aid of AI, there are quite a few players. Acorns, Betterment, and Wealthfront are among the most popular. Acorns is a micro-transaction service that’s getting Millennials interested in the world of investing by rounding up the spare change of every latte bought with a linked credit card and putting the difference in a low-cost index fund. It doesn’t offer retirement accounts at the time of this writing, but its low barrier for entry is something that couldn’t have existed so much as 10 years ago.

Behind the sleek automation, there is some real investing experience. The WealthFront's Chief Investment Officer is Dr. Burton Malkiel, the author of A Random Walk Down Wall Street, the book that “launched the low-cost investing revolution”. Not only is he a famous name in the industry, he’s a Senior Economist at Princeton University and has served on the President's Council of Economic Advisors.

Aside from great promotion offer WealthFront also has very low pricing: it charges a flat 0.25% fee. The minimum deposit for Wealthfront is only $500, which should not be too much for anyone serious about their retirement planning.


WealthFront IRA Offer
There are a lot of options to consider when making choices to fund your retirement. The traditional thought adopted by elder generations of working hard, saving your money and trusting your company and the government to take care of you upon your retirement has gone by the wayside over the past twenty years or so, and individual responsibility has taken a larger role in providing for the American retirement. As baby boomers reach retirement age, they are realizing that pension plans have diminished in value and 401(k) numbers have grown but with limited employer contribution, a relatively new option has blossomed for retirement funding: the Roth IRA.

A Roth Individual Retirement Account is a tax-advantaged, market incorporated retirement vehicle that is distinctive from 401(k)s and Traditional IRAs in that it is funded with after-tax dollars and both grows and is withdrawn tax-free. This is considered “advantaged” because the investment gains created by the IRA in the markets is not taxed. This means that as long as the first withdrawal occurs after age 59 ½, the value seen when the money is withdrawn is exactly the value received. Not coincidentally, it is thus arguable that investing in a Roth IRA is one of, if not the best plan to take personal responsibility for your retirement. Such a Roth is offered by the United States Automobile Association (USAA) and it has many desirable features accompanied with few minor drawbacks.


Wealthfront Account

Minimum to open: There is an account minimum of $500.

Wealthfront is an online investment manager. They manage investments for customers, from building a fully diversified portfolio to periodic rebalancing.

Wealthfront does not charge an advisory fee on the first $10,000 of assets under management. On amounts over $10,000, Wealthfront charges a monthly advisory fee based on an annual fee rate of 0.25%.

The only other fee you incur is the very low fee embedded in the cost of the ETFs an investor will own that averages 0.12%.

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Wealthfront reviewed by former and current clients. Wealthfront customer reviews: 6. Rating: 5.