Re:UBS Acquires Wealthfront for $1.4B
by tedsanders on Wednesday January 26, 2022 @12:49PM
(#30088887)
My understanding:
The biggest benefit of Wealthfront is automated tax loss harvesting, not stock picking.
The biggest cost of Wealthfront is that when you leave you either (a) keep a humongous pool of individual stocks to eventually unwind or (b) liquidate and incur unnecessary capital gains.
The biggest benefit of Wealthfront is automated tax loss harvesting, not stock picking.
The biggest cost of Wealthfront is that when you leave you either (a) keep a humongous pool of individual stocks to eventually unwind or (b) liquidate and incur unnecessary capital gains.