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The addition of a cash account is another important milestone towards delivering Self-Driving Money.
Wealthfront un-bundles its automated planning to help 90 million millennials build a comprehensive financial plan.
Clients who engage monthly with Wealthfront’s automated advice engine, Path, save almost 400% more than the national savings rate.
Wealthfront in the news
Wealthfront bets on ‘self-driving money,’ following Netflix’s playbook — not Wall Street’s
Wealthfront is sticking to a motto of “self-driving money,” while rivals like Betterment have added human advisors.
Why Wealthfront Is Offering Free Financial Planning
“What we found was that our clients who used our automated planning saved five percent more of their income than people who did not. Over one’s lifetime, that’s another million and a quarter dollars. We looked at that number, and given the crisis of savings these days, we thought, ‘That shouldn’t be behind a paywall.'”
Wealthfront to offer automated financial planning tool for free
Individuals in the United States who do not have money managed by Wealthfront will be able to connect their various financial accounts to the company’s Path tool, which will calculate their saving and spending rates and help them create a plan for retirement.