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

Re:UBS Acquires Wealthfront for $1.4B by astrange on Wednesday January 26, 2022 @06:32PM (#30093706)
Neither are robos. Rebalancing according to some rules isn't active management.

Vanguard has more active management products, actually. Besides their Windsor fund, S&P 500 is an actively managed index.

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Re:UBS Acquires Wealthfront for $1.4B by endisneigh on Wednesday January 26, 2022 @10:16PM (#30095764)
Robos are actively managed, just not by human, and their fees reflect this. If they’re not actively managed then they make even less sense since they’re more expensive than indices that have better historical returns…
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Re:UBS Acquires Wealthfront for $1.4B by astrange on Thursday January 27, 2022 @12:17AM (#30096512)
You can't invest in an index so the returns are fictional.

An index ETF sure, but it might be worth paying for tax optimization over that.

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Re:UBS Acquires Wealthfront for $1.4B by endisneigh on Thursday January 27, 2022 @06:06AM (#30098965)
What I’m saying is that there’s no Sara to suggest even with tax harvesting it’s better than SPY. The expense ratio is literally 10X.

If I’m wrong feel free to walk me through a 10 year period where any robo advised fund of your choosing has better return, risk and fee adjusted.

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