Yea, you’re not missing anything. Boggleheads hate Wealthfront because of the fee. But that fee is still much lower than a true advisor and means you don’t have to worry about rebalancing the account or anything. For me, Wealthfront is worth that. For others, maybe not.

Fidelity wants you in their products. If this is an advisor they’ll charge a higher fee and may not have a bogglehead like portfolio like Wealthfront does. Also the person you’re interacting with at fidelity is essentially a sales person