Wealthfront – The Leading App for Portfolio Management
Wealthfront is a top robo-advisor and one of the largest independent ones in the market. This app can help manage your money, whether in a taxable account or an IRA, for a small fee.
Minimum Balance: $500
Fees: An annual management fee of 0.25% of assets
Why We Love It:
Wealthfront uses hundreds of ETFs to construct your portfolio and takes into account your risk tolerance and future financial needs.
As you deposit money, the app adds it to your portfolio and balances your account to help you reach your financial goals.
The annual management fee of 0.25% is standard in the industry and reasonable for the features offered, including tax-loss harvesting, which can cover the fee for most clients.
Wealthfront also offers an attractive cash management account with early access to direct deposits and a debit card, all without any monthly fees.
Who It’s Best For: If you’re looking for a hassle-free way to manage your portfolio and reach your financial goals, Wealthfront is the app for you. The cash management account is an added bonus.
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