UBS Acquires Wealthfront for $1.4B

Post by okhobb » Wed, Jan 26, 2022, 8:31 PM UTC

TuringNYC wrote: post #137

lzrs wrote: post #131

I've been researching robo-advisors quite a bit recently. They are really interesting and innovative. I'll preface by saying that I have been talking to a lot of financial planners (at top-tier institutions). They basically set you up with a good set of ETFs, hedge funds, etc. and rebalance occasionally. Sometimes they do tax-loss harvesting. They also provide a few other nice little services. But at the end of the d…

>> Yes, a financial planner can do all of this (although most don't). But when they do, they just use automated software to do it. It would be impossible to implement these strategies manually. So why even go with a financial planner when Wealthfront does the same thing, but better/cheaper? Thats the 100$B question right? Because fear. Because unfamiliarity. Also because 1% seems small, but its really more like 14% (…

Post by lotsofpulp » Wed, Jan 26, 2022, 8:33 PM UTC

boring_twenties wrote: post #154

lotsofpulp wrote: post #51

Earlier quoted context omitted.

>Logging into those accounts is a pain in the ass Just to be clear, we are talking about clicking on a bookmark, letting the password manager fill in the login info, and the clicking login or pressing enter? >requires active effort to remember doing Checking up on one's assets is something that should be on a periodic to do list. We even have devices that can be scheduled to alert us when it is time.

> Just to be clear, we are talking about clicking on a bookmark, letting the password manager fill in the login info, and the clicking login or pressing enter? Close, you forgot the part where you need to locate your 2FA device, possibly connect it to a charger and wait for it to boot if needed, and then of course actually get the 2FA code and type it into the website. edit: Oh, and I forgot the part where if you nee…

Post by bt3 » Wed, Jan 26, 2022, 8:34 PM UTC

adrr wrote: post #170

lzrs wrote: post #131

I've been researching robo-advisors quite a bit recently. They are really interesting and innovative. I'll preface by saying that I have been talking to a lot of financial planners (at top-tier institutions). They basically set you up with a good set of ETFs, hedge funds, etc. and rebalance occasionally. Sometimes they do tax-loss harvesting. They also provide a few other nice little services. But at the end of the d…

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.

Post by endisneigh » Wed, Jan 26, 2022, 8:35 PM UTC

astura wrote: post #144

endisneigh wrote: post #34

Earlier quoted context omitted.

I don’t disagree but my point is that an uninformed investor would be better off financially with a straight index.

Um... What? If you know what an index fund is, how to purchase index funds, and know which index funds to invest in, by definition, you are not an "uniformed investor." You might argue "... rabble rabble you should know these things..." but that doesn't change that a large portion of the population doesn't and is extremely overwhelmed by it. I've never used Wealthfront personally but I assume its basically like a ban…

Post by jmknoll » Wed, Jan 26, 2022, 8:44 PM UTC

subsubzero wrote: post #89

Back in 2015 I put some of my money into wealthfront, despite the market doing well at the time, my wealthfont fund which was heavily stock balanced did somewhat poorly. This was over a year's time so not short lived by any means. I pulled my money out and invested into stocks I chose and never looked back(typically get 10-15% returns a year). I would like to hear other people's perspectives about how their wealthfro…