Today we review Wealthfront. What is Wealthfront? How does it work? What services do they provide? Is it for you, or should you look at other alternatives instead? These are just a few of the many questions this review helps you answer!
Name of the company: Wealthfront Inc.
Official Website URL: https://www.wealthfront.com/
Overall Rating: (4.2 / 5)
Recommended? : Yes
Important to mention (before we go into more details of this review)
We strongly recommend doing your own research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
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With that being said, let´s continue with the review on Wealthfront!
In this review, we shall be answering the question “What is Wealthfront”. My intention is to help you understand the type of services that this company offers and whether you should consider relying on them. Outlined below are the main questions that we shall address in order to fulfill the set objective (to give you a clear outline of Wealthfront’s services):
– What is Wealthfront?
– How does it work?
– What does Wealthfront offer?
– Is it genuine?
– Are there any investment opportunities?
– What are its main pros and cons?
What is Wealthfront?
Wealthfront is a company that helps you achieve your investment goes through a robo-advisory platform. The robo-advisory services provided help IRA account owners, and other investors set their investment goals ato execute them. Those who sign up for a Wealthfront account usually gain access to Patis, a free planning tool that helps plan its users’ finances by integrating with account data. This tool also relies on third-party data to project one’s financial situations.
Wealthfront also offers its customers the opportunity to invest, save and borrow through its platform. This helps all clients accumulate their wealth ato secure a new line of credit without having to undergo any hustles.
This company acquired Grove, which is a popular financial planning startup, in a bid to achieve its vision to create a Self-Driving Money system. Wealthfront’s intention is to have a system that can pay its clients’ bills, create a sustainable emergency fund and one that can also contribute to various investment portfolios.
How does it work?
Wealthfront helps all IRA account owners to achieve their moneymaking objectives by relying on a three-pronged approach. This company’s objective is to build every client a globally diversified portfolio that can withstand the market forces. This requires the:
1. The minimization of your fees
The owners of this company understand that fees compound over time and they end up eating into investors’ returns. Wealthfront, therefore, chooses low-cost ETFs for which they only charge you a standard 0.25% advisory fee. This price is a quarter of the industry average.
2. Lowering taxes
The reduction of taxes that investors pay usually leaves a larger amount of money in their accounts. This money, when well monitored can grow significantly. The robo-advisory software usually executes trades through an approach that helps with the lowering of one’s tax obligations. This way, more savings are created for investors to reinvest.
3. Management of your risk
Upon understanding your financial outlook, Wealthfront builds you a custom portfolio that is a reflection of your risk aversion. The system also automatically rebalances your portfolio as the markets move, to ensure that you are on the gaining side.
The IRA products it offers
If you are looking for a secure platform through which you can invest the funds in your IRA, then Wealthfront is a suitable option. This company ensures that you have just the right assets for your retirement investment portfolio. The main IRA accounts that are offered by Wealthfront include:
– Traditional IRAs: With this type of account, your investment income is usually taxed at the end of the investment period.
– Roth IRAs: with this type of account, the investment income you withdraw is not usually taxed. Instead, you pay the taxes when you are making your investment, and you can rest as the investment grows without any interference.
– SEP IRA: This is a retirement IRA account that an employer can create for his or her employees.
– 401(k) Rollover: This is an option given by Wealthfront to its customers who want to transfer their funds from one IRA account to another.
(If you are interested in Precious Metals IRA solutions)
Wealthfront has a unique pricing strategy and plan. Its pricing approach is one of the main reasons behind the acquisitions by many of its clients. As a new customer, you can expect the following fees:
– A minimum account balance of $500. This is low in comparison to most companies in this niche, which require their clients to maintain a balance of $1000 and above.
– An annual account management fee of 0.25% (on the account balance).
– An investment expense ratio of 0.08% for ETFs.
– An investment expense ratio of 0.11% for portfolios that are inclusive of the Wealthfront Risk Parity Fund.
Is it legitimate and genuine?
Wealthfront Inc. is 100% legitimate and genuine. First, there are several reviews of this company on online review platforms. On most customer trust sites, Wealthfront has an average rating of (4/5) stars and above. This only points to the level of quality that you can expect from this company. In addition to that, the acquisition of Grove, which is also a renowned financial company, is more proof that Wealthfront is actually genuine. Currently, this company has more than $20 billion worth of assets under its management accounts.
This is a perfect display of the level of trust that this company’s clients have placed on its staff members and in the robo-advisory system.
If you are looking for a way to grow the funds in your IRA account, then you can reach out to Wealthfront. This company’s staff members are very experienced in the field of IRA fund investments. The robo-advisory system also executes investments and trades for you in a way that helps cut down taxes, so that you can save more money, which you can reinvest.
Learn about our #1 recommended IRA solution (for Gold & Silver) on this page
Pros and cons
It might be wise to compare the positives against the negatives to get a better overall view of something before making any decisions, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Low fees
– Superior robo-advisory technology
– Excellent customer ratings
– $20 billion + under management
– Minimum account balance requirements
Do You Own or represent Wealthfront?
If you are a representative, or associate of Wealthfront and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4.2 / 5)
Ok, I think that sums up the overall view of Wealthfront pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What would I recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Wealthfront to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com