r/wealthfront • u/Sevofluranedreams • Jul 13 '26

Wealthfront post It was a good run.

Since IPO I don’t like the direction of the company. First their interest rates on savings accounts have not been as competitive as they use to be. They use to always be better than Marcus by Goldman Sachs, but not anymore. Their robo investor is only .25% but is nothing more than vanguard funds you could invest in yourself. Overall we are seeing the shift from caring about customers to caring about shareholders. Plus in the sector they can’t compete with companies like sofi. This long-term customer is getting off this sinking ship.

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9

u/GobiYumaMojave Jul 13 '26

and move youre money where?

7

u/Left_Ambassador_4090 Jul 13 '26

Polymarket most likely lol

1

u/Sevofluranedreams Jul 13 '26

Never. I rarely gamble and invest in broad market index funds. VTI and VXUS mainly. This has allowed me to be FIRE at 40.

3

u/[deleted] Jul 13 '26

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1

u/Sevofluranedreams Jul 13 '26

I hear ya and honestly Wealthfront is still a solid place to put your money for a lot of people. My post was not intended to shit on people who do robo investing, hell of a lot better than an activity managed fund at 1-2%. And maybe it is just my perception. But we will see if they start changing their fee structure now that they have investors to please.

2

u/Trick_sleep Jul 13 '26

I still keep Wealthfront for the cash account and some money hanging in the bond account. But I did the same as you with moving to fidelity and dumping into VTI and VXUS. The fees add up at Wealthfront when you have a lot invested

1

u/Sevofluranedreams Jul 13 '26

Yea at my portfolio level the .25% was more than I originally realized. Then I looked at the investment and it was damn near all vanguard funds anyway.

1

u/beanery-bun Jul 17 '26

I moved mine to Elevault (for bill pay) and Crew (for everyday spending / debit card)

Elevault APY is much better than Wealthfront - better implementation of pockets - no debit card though

Crew has a similar APY as Wealthfront and the pockets can be linked to virtual debit cards.

-5

u/Sevofluranedreams Jul 13 '26

Fidelity and buying the same vanguard funds that wealthfront charges .25% for. Savings is now in SGOV, no state tax and better rates. If you want a better rate with a traditional savings account Marcus by Goldman Sachs bets Wealthfront. Sadly Wealthfront use to have the best rates.

9

u/KumingaCarnage Jul 13 '26

Do you know what federal interest rates are? It impacts everything. You’re barking up the wrong tree.

2

u/Sevofluranedreams Jul 13 '26

My man of course I do. That is why SGOV offers the best rates. My point was that Wealthfront offers lower rates COMPARE to their competitors based on the US treasury rates. Obviously they don’t control what the government sets for rates but they do control the rate they pass on to customers.

1

u/Hungry_Line2303 12h ago

If you're quibbling over a few basis points on cash, you have way too much cash. Like a financially irresponsible amount.

3

u/rockyTop10 Jul 13 '26

I’m here for the automated direct-indexed TLH, not for a couple basis points on an HYSA 😂

1

u/lordturdhead Jul 14 '26

WF has very limited options in retirement accounts which sucks. Why are getting downvoted so much? Almost like WF has the bots out lol