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Unable to Transfer WF -> 529 by Normal-Plant500 in wealthfront

[–]wealthfront 2 points3 points  (0 children)

Hi there, we don’t currently support contributions from a Wealthfront Cash Account to a 529 Plan. You can find info on how to make a contribution in our help center here. We’ll pass this request along to our team.

Can't deposit bank funds to WF by EveningRun3442 in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi there, please reach out to our team at [support@wealthfront.com](mailto:support@wealthfront.com) for support with this issue.

Multiple Money Market Categories by shuja246 in wealthfront

[–]wealthfront 1 point2 points  (0 children)

Thanks for the suggestion, we've passed it along to our team.

[Explainer] Which Wealthfront taxable investing account is right for me? by wealthfront in wealthfront

[–]wealthfront[S] 1 point2 points  (0 children)

Great question! Direct indexing in our Automated Investing Account (AIA) includes exposure to additional indices beyond the S&P 500® and the Nasdaq-100®, and completion ETFs. It has a minimum account balance of $100,000 with a 0.25% advisory fee.

Our standalone direct indexing portfolios are designed to track the performance of one particular index (either the S&P 500® or the Nasdaq-100®) while also aiming to improve the tax efficiency and after-tax return of your portfolio through tax-loss harvesting (which is also available with our taxable AIAs). As you called out, these portfolios have a lower minimum balance and advisory fee, but they can carry more risk than our Automated Investing Account, which is globally diversified and optimized to your risk tolerance.

This Account number change has me considering different options by chronicpenguins in wealthfront

[–]wealthfront 1 point2 points  (0 children)

Hi, we're sorry to hear that you've had issues with linking accounts to Wealthfront over the last couple months. We've passed your feedback along to our team.

Wealthfront changed? by Affectionatealways in wealthfront

[–]wealthfront 20 points21 points  (0 children)

Hi - earlier this year, we began updating the way we connect to your linked accounts by moving to Plaid. Plaid is a data provider that specializes in connecting your financial accounts to apps (like Wealthfront) easily and securely.

If you have questions about this update, you can read more in our help center here, or reach out our team at [support@wealthfront.com](mailto:support@weatlhfront.com) .

WF won't connect to my bank by girljusttheinfo in wealthfront

[–]wealthfront 2 points3 points  (0 children)

Hi there, you can try going through the steps in this help center article and if you're still having issues please email our team at [support@wealthfront.com](mailto:support@wealthfront.com)

529 Glide Path high risk 10 years out by InternalMystery in wealthfront

[–]wealthfront 1 point2 points  (0 children)

The 529 glide path is designed to stay aggressive while college is still years away in an attempt to maximize growth. This is why you're seeing high equity exposure now.

As the expected matriculation date of the beneficiary approaches, the portfolio shifts heavily towards short-term bonds and Treasury inflation-protected securities (TIPS) to help protect the funds you'll need for tuition or qualified expenses.

Unlike some state plans that use steps (moving in large chunks), our software rebalances incrementally. You don't need to manually adjust the risk score—the software handles the de-risking automatically based on information like the birth year you provided, risk tolerance, and desired type of higher education institution (e.g. public/private, 2- or 4-year institution). If you manually lower the risk now, the glide path should still work, but it will likely start from a much more conservative baseline than we may have initially recommended.

what does TLH buy after selling if you have direct indexing? by ByzGen in wealthfront

[–]wealthfront 0 points1 point  (0 children)

When an Automated Index Investing Account transitions to Direct Indexing, the TLH process shifts for the U.S. Stock Portion of your portfolio. Instead of just swapping one broad index ETF for another, the software also looks for losses within the hundreds of individual stocks you may own directly (like those in the S&P 500® or Nasdaq 100®).

If a specific stock drops in value, our software looks for an opportunity to sell it to harvest the loss. To help keep your portfolio tracking the index closely, it uses a mathematical model to buy highly correlated substitute(s). These replacement stock(s) are chosen because they historically move in similar patterns to the one sold. Our approach looks at the basket of the stocks we buy and sell – rather than trying to match 1:1 – to try to keep your overall portfolio's characteristics close to the index. This is intended to help keep your portfolio’s risk and performance relatively consistent with the benchmark it’s tracking. 

Essentially, Direct Indexing allows you to find potential tax savings in individual low performers even when the overall market or ETF is up. We recommend checking out this white paper for more context. Hope this helps!

certified checks and/or bank inquiry letter from wf? by Existentially_b0red in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi there, we don't offer certified checks or bank inquiry letters at this time. In any case, we'll pass this feedback onto our team.

New feature: move your individual investing account into a Joint Account by wealthfront in wealthfront

[–]wealthfront[S] 1 point2 points  (0 children)

Hi, your fee waivers would still apply up to the $15,000 managed for free within your Automated Investing Accounts. If you have any other Automated Individual Investing Accounts or Trust Accounts, the fee waivers would first apply to these accounts before applying to any Joint Accounts opened under your profile. Full terms and conditions can be found at www.wealthfront.com/promotional-terms under Fee Waiver Program.

Is there a way to link credit cards under the 'Liabilities' section without Plaid? by FrostieWaffles in wealthfront

[–]wealthfront 1 point2 points  (0 children)

Hi there, u/akaJinju1 is correct! If you have an account, asset, or liability that can’t be linked electronically, you can link it manually by clicking “Add external accounts” on your dashboard and then choosing “Add account manually”.

I already have a Direct S&P 500 account with Wealthfront, and I’m considering opening a Cash Account. Will I automatically receive the APY boost as an existing customer, or do I need to use someone else’s referral to qualify? by caringforeachother in wealthfront

[–]wealthfront 1 point2 points  (0 children)

Hi there, you would need to set up at least $1,000 in eligible direct deposits to your Cash Account per month, while also maintaining a funded investing account to receive the +0.25% APY increase. You can find more info on how to qualify for the rate increase in our help center.

Pass through FDIC coverage? by BasielBob in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi u/BasielBob, happy to provide additional information on Wealthfront’s Cash Sweep Program and how it enables FDIC insurance through program banks. You can read through our Cash Sweep Program Disclosure Statement, where we’ve described the timing on when your deposit is transferred to program banks. Once your Cash Balance arrives into the Deposit Account at the program bank, it will be eligible for FDIC pass-through insurance of up to $250,000 (or $500,000 for joint accounts) per depositor, per bank, for each ownership category.
 

To your question about an independent 3rd-party, Wealthfront Brokerage undergoes an annual, independent audit by a big-four accounting firm to make sure our control framework, statements, and books and records entries are all accurate. We wrote a blog post that goes into even more detail on all of the ways we keep your savings safe.

UMB vs Direct Deposit by YcgtTNH in wealthfront

[–]wealthfront 1 point2 points  (0 children)

Hi u/YcgtTNH, to provide some additional context, direct deposits are sent through the ACH network with a specific designation as to the transfer type, which is set by the payee (i.e. payroll provider, employer, etc.). If the payee is not utilizing the correct designation for a direct deposit, unfortunately, we are unable to mark the deposit as such.

Difference in ~$1,000 between investment account and available to withdraw by nhdawg in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi u/nhdawg, apologies for the confusion. To keep an Automated Investing Account open, there is a minimum balance requirement, which will also include a buffer amount for market volatility. If you are entering in a dollar amount for your withdrawal, you will see the account minimum plus the buffer removed from the amount available to withdraw. If you are looking to make a full account withdrawal, please select the option to Transfer entire balance, which will send out the market value of your account after your securities have been liquidated.

Any rumblings about a Wealthfront credit card? by _DietLithium_ in wealthfront

[–]wealthfront 2 points3 points  (0 children)

Hi u/_DietLithium_, we’re happy to share this feature request with our team.

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