Summary: Wealthfront is one of the most widely known roboadvisors. With an investment management team led by renowned economist Dr. Burton Malkiel, Wealthfront is one of the most robust roboadvisor services available. Utilizing 11 asset classes and low-cost ETFs (mostly Vanguard), this investment advisor creates a well diversified portfolio for long-term investing at a minimal cost.
Offering: Wealthfront offers roboadvisory services for individual, joint, and trust accounts as well as IRAs, Roth IRAs, SEP IRAs, IRA transfers, and 401 (k) rollovers. With a stated $5,000 minimum and zero advisory fees on the first $10,000, Wealthfront appeals to all investors regardless of size. On top of investment advisory services, the firm also offers tax loss harvesting on accounts over $100,000 to maximize tax efficiency in your portfolio.
Fee: 0.25% of average annual assets (the first $10,000 managed are free!) + ETF fees averaging 0.15%.
Ranking: Please Stay Tuned for our upcoming rankings!
Review: We will include our review shortly! Please stay tuned for further updates!
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There are many roboadvisors to choose from; each with distinct characteristics and a wide variety of services offered. We break down the similarities and differences between these firms here at The List.