|Description||Online Financial Advisor|
|Angel, 12/2008 |
|Series A, 12/2009 |
|Series B, 3/2013 |
The Social+Capital Partnership
Duff, Ackerman and Goodrich
Wealthfront combines world-class financial expertise and leading edge technology to provide sophisticated investment management at prices affordable for everyone. The company is headquartered in Palo Alto, California, and received funding from Index Ventures, Social+Capital Partnership, Greylock Partners, DAG Ventures and such angel investors as Marc Andreessen, Ben Horowitz and Jeff Jordan.
Wealthfront- How It WorksAdded: 1/5/12
Tax-loss harvesting is a technique used to lower your taxes while maintaining the expected risk and return profile of your portfolio. It harvests previously unrecognized investment losses to offset taxes due on your other gains and income. You can reinvest these tax savings to significantly grow the value of your portfolio. Wealthfront developed software to make this service, traditionally only available to accounts in excess of $10MM, available to taxable accounts with at least $100k.
|Launch Date||December 1, 2011|
Wealthfront manages a personalized online investment account that is fully diversified and rebalanced for you. Your first $10k is managed for free and the rest for only 0.25% a year, no hidden fees or commissions.
Wealthfront supports the following account types:
Individual and Joint Taxable Accounts Trust Accounts IRA Accounts and Transfers (Traditional, Roth, SEP) 401(k) Rollovers