Wealthfront throws engineering at its large-account 'problem'
The Palo Alto-based automated money manager addresses tax slippage from transfers of HNW accounts to its website
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Wealthfront cedes to four years of investors clamoring for crypto by taking on expensive third-party vendor that Betterment rules out
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Second Betterment exec departs as new CEO Sarah Levy orients to her first month on the job and is confronted by personnel matters
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January 19, 2021 at 6:32 PM
See more related moves
Wealthfront
Portfolio Management System
Top Executive: Andy Rachleff
Betterment, LLC
Financial Planning Software
Top Executive: Jon Stein
Stephen Winks
At least Wealthfront is adapting unlike Wall Street.
This is an amateur mistake, but is encouraging in its interest in continuous improvement—the early impediment to not quite ready Robo Advice.
SCW
Stephen Winks
Matt M
The last sentence reads “$400 million AUM” and earlier reads “close to $2 billion of managed assets”. Are these the same? What am I missing? Thanks!
brooke southall
Matt,
I believe the first amount was Wealthfront and the second was FutureAdvisor.
Brooke
Matt M
That makes sense! Thanks brooke!
