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A comment on UBS Acquires Wealthfront for $1.4B. Parent comment

Re:UBS Acquires Wealthfront for $1.4B by adrr on Wednesday January 26, 2022 @03:31PM (#30091333)
Does Wealthfront actually buy individual stocks? Most robo-advisors buy ETFs. So you're paying double management fees. I'm not aware of any robo-advisors that actually buy individual stocks.
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Re:UBS Acquires Wealthfront for $1.4B by bt3 on Wednesday January 26, 2022 @03:34PM (#30091390)
Yes. Once you cross a certain threshold (I think it's $100k portfolio), they'll switch you to "Direct Indexing", which automates individual stock purchases.
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Re:UBS Acquires Wealthfront for $1.4B by borski on Wednesday January 26, 2022 @04:00PM (#30091761)
Once you cross a threshold of investable assets at which it makes sense (usually a few hundred thousand), most robots have an active indexing strategy in addition to or instead of ETFs.
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