Q. Is it possible for a middle class family to have affordable private wealth manager services?
A. It's used to be impossible unless you are willing to pay the hefty service fee such as 1% asset management fee. But thanks to Wealthfront, the next generation of financial advisory service, the answer is yes now!
Wealthfront is a software-based financial advisor that provides access to the same high quality financial advice offered by major financial institutions and private wealth managers. Just like Wisebanyan, which we introduced here not long ago, Wealthfront starts with assessing your risk profile, and based on the result it designs a low-cost index fund portfolio and rebalances it for you periodically. But unlike Wisebanyan, Wealthfront also provides some additional sophisticated services such as tax-loss harvesting, with a very small monthly service fee, and still No trading costs.
Wealthfront just completed series C round of finding and already has a impressive client roaster.
Its minimum account balance requirement is only $5,000, but in order to qualify for the more advanced services such as tax-loss harvesting, the minimum threshold is $100,000.
If you are currently using a private money manager to manage your portfolio, Wealthfront is a service to switch to!
A. It's used to be impossible unless you are willing to pay the hefty service fee such as 1% asset management fee. But thanks to Wealthfront, the next generation of financial advisory service, the answer is yes now!
Wealthfront is a software-based financial advisor that provides access to the same high quality financial advice offered by major financial institutions and private wealth managers. Just like Wisebanyan, which we introduced here not long ago, Wealthfront starts with assessing your risk profile, and based on the result it designs a low-cost index fund portfolio and rebalances it for you periodically. But unlike Wisebanyan, Wealthfront also provides some additional sophisticated services such as tax-loss harvesting, with a very small monthly service fee, and still No trading costs.
Wealthfront just completed series C round of finding and already has a impressive client roaster.
Its minimum account balance requirement is only $5,000, but in order to qualify for the more advanced services such as tax-loss harvesting, the minimum threshold is $100,000.
If you are currently using a private money manager to manage your portfolio, Wealthfront is a service to switch to!
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