Wealthfront
Automated investing with top-tier tax-loss harvesting and cash management
How it works
Wealthfront is a leading robo-advisor that automates investing with a focus on tax efficiency. It builds and manages globally diversified portfolios of low-cost ETFs, with daily tax-loss harvesting and direct indexing on larger accounts to maximize after-tax returns. The platform also offers an acclaimed high-yield cash account, automated bond ladders, and a low-cost S&P 500 direct indexing portfolio — all managed from a clean mobile and web dashboard.
Is it right for you?
Consider if you
- Hands-off investors who want fully automated portfolio management
- You want aggressive daily tax-loss harvesting and direct indexing
- You want a high-yield cash account with massive FDIC coverage ($8M individual)
Skip if you
- Investors who want access to human financial advisors
- Those with less than $500 to start automated investing
Your money and data
Wealthfront Brokerage LLC is an SEC-registered broker-dealer and FINRA/SIPC member. Your invested assets are SIPC-protected up to $500,000. The Wealthfront Cash Account sweeps deposits to FDIC-insured partner banks, providing up to $8 million in FDIC coverage for individual accounts and $16 million for joint accounts. Wealthfront is not a bank.
Pros & Cons
Pros
- Best-in-class tax-loss harvesting with daily monitoring on all automated accounts
- Cash Account with up to $8M FDIC insurance for individuals via partner bank network
- S&P 500 Direct Portfolio at just 0.09% annual fee
Cons
- $500 minimum for automated investing accounts
- No human financial advisors available
- No physical branches and limited customer support hours
Pricing details
0.25% annual advisory fee · $500 minimum for automated accounts · Cash Account ~3.4% APY · Bond Ladder 0.15% fee
On wealthfront.com · We may earn a commission
How we evaluate tools →