How Investing With Wealthfront Can Save You Money On Taxes

[@lbsubstylee]

great video- thanks!

[@wealthfrontvideos]

Thanks for watching!

[@stellakovacs7138]

The background music is not only too loud, but unnecessary. "The Road" book in background - one of my favorites!

[@wealthfrontvideos]

Thanks for the feedback and really appreciate you watching! Loved The Road as well 😁

[@IXIFrostIXI]

If my core account is under 100k and becomes over 100k, can it have access to direct indices ?

[@wealthfrontvideos]

Yes!

[@nanolightonair]

When you transfer investments from another brokerage, is the cost basis information carried automatically?

[@wealthfrontvideos]

Yes through the CBRS.

[@sonitty]

Are you as safe as Schwab and if so, why?

[@gapl2370]

is this similar to algorithmic trading?

[@wealthfrontvideos]

We use an algorithm but I wouldn't compare it to that type of trading.

[@zorbenstein]

All what is said about transferring investments is true only if the linking works. If the link to an external firm is broken (which does happen), wealthfront support does not entertain an exception or an alternative method to pull the funds in. I think this is bad because the customer is virtually stuck!

[@wealthfrontvideos]

Hey this is not true. If your linking is broken and there’s a way to fix the link, support works on that. If there’s no way to fix the link, support can provide alternative methods to transfer. Either way, our support team can work on getting your investments transferred.

[@zorbenstein]

@@wealthfrontvideos this is unfortunately not true. If the linking does not work, suggesting an indirect transfer is not an alternative. Seems like this is what gets suggested most of the time. There is a significant tax impact and other costs for the customer when doing this. It ain’t the same as doing a full ACAT transfer. No alternative other than linking could facilitate a full ACAT transfer on Wealthfront. This is not quite the case with other firms. This is an area that can improve.

[@0ptmuscrm3s2]

Hey, it's multiversal John Stossel. I'll see myself out.

[@leahk5232]

This is very good info but would be much more useful if you slow down, you speak too fast.

[@wealthfrontvideos]

Thanks, appreciate you watching and providing that feedback!

[@fs4266]

You'd give me greater confidence in your product if you published a professionally edited video or, at the least, a video without a noticeable grammatical error.

[@wealthfrontvideos]

Thanks for watching and giving that feedback!