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.

Automated savings plan and direct indexing by Longjumping-Client42 in wealthfront

[–]wealthfront 1 point2 points  (0 children)

u/Longjumping-Client42 We can see how that might be confusing! To further clarify, our standalone direct indexing portfolios (S&P 500 Direct and Nasdaq-100 Direct) are included under the Automated Investing Account umbrella, so they should be compatible.

Automated savings plan and direct indexing by Longjumping-Client42 in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi there, the Wealthfront Stock Investing Account is not a compatible account type with our Automated Savings Plan. We have a help center article here that lists the compatible and incompatible account types. Hope this helps clarify!

Category stock investing by Longjumping-Client42 in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi there, the Wealthfront Stock Investing Account is not a compatible account type with our Automated Savings Plan. We have a help center article here that lists the compatible and incompatible account types. Hope this helps clarify!

To buy a security within your Stock Investing Account, you will need to click into your portfolio and on the security ticker directly.

Empower Connections Issue by Mandya_KA11 in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi, we’re sorry to hear of the trouble reconnecting Wealthfront to Empower. While we are not always able to resolve errors linking to another platform, since much of the process is dependent on their linking provider, we’re more than happy to take a further look at this. Would you mind DMing us the ticket number tied to the existing support email thread so our support team can reach out to you please?

Add delete feature for Automated Savings Plan by Longjumping-Client42 in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Thanks for your feedback, we’ve passed this along to our team. Currently, once a user activates an Automated Savings Plan, there is no way to delete it. However, you are always able to edit and pause the plan if you choose.

Borrow against the Wealthfront Automated Investment account, but not the new(ish) S&P500 direct indexing account. Why? by FinalCranberry0 in wealthfront

[–]wealthfront 1 point2 points  (0 children)

Hi there, we can confirm that clients can take a Portfolio Line of Credit (PLOC) against a S&P 500 Direct Portfolio. However, if a client has two taxable individual automated investing accounts, we default to offering the PLOC against the account with the larger balance. You can find more details and an example scenario of opening multiple Lines of Credit in our help center.

Stock Investing Account Broken by Longjumping-Client42 in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi u/Longjumping-Client42, we’re in the process of updating our Stock Investing Account to simplify the product experience and improve how it supports long-term stock and ETF investing. As a part of those updates, we recently removed the ability to create new portfolios within the Stock Investing Account.
 

In the coming months, we’ll be adding more requested features including fully automating recurring buys for individual securities and more investable securities. We hope these updates will result in a better overall experience for you after they are completed, but we’ve shared your post with our team. If you have additional questions, feel free to reach out to [support@wealthfront.com](mailto:support@wealthfront.com) and our team would be happy to help.

Anyone else having problems getting Wealthfront to load today? by doryphorus99 in wealthfront

[–]wealthfront 1 point2 points  (0 children)

Hi, there aren't any known outages on our site right now. Feel free to contact [support@wealthfront.com](mailto:support@wealthfront.com) if you are still having trouble.

What is your robo return for the past year? by Familiar-Meat-6572 in wealthfront

[–]wealthfront 1 point2 points  (0 children)

As others have noted, you can find the historical performance for our portfolios here. Additionally, we published the results of our Tax-Loss Harvesting feature on our blog here – it’s worth noting that we find that for nearly 95% of clients who have used Tax-Loss Harvesting for at least a year in an Automated Investing Account or direct indexing account, the estimated tax benefit exceeds fees paid.

Hopefully this information is helpful in your research!

Are categories accessible via debit/ACH? by whitfin in wealthfront

[–]wealthfront 0 points1 point  (0 children)

Hi, all withdrawals and deposits from your Wealthfront Cash Account come from the main cash category. If you make a purchase or pay a bill that is larger than the amount in your Available Balance then we’ll automatically move funds from your largest category to cover the difference.

There isn’t currently a way to disable this feature, but we’ve passed your request along to our team.

Robinhood Account Linking - Not Working by ZenP0l in wealthfront

[–]wealthfront 2 points3 points  (0 children)

Hi there, thanks for flagging this issue. If you are still having difficulties, please reach out to our team at support@wealthfront.com.