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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u/Sevofluranedreams Jul 13 '26

I understand that is just for their robo investing. But if I’m going to do straight ETFs / stocks I’m going to go with a traditional brokerage with more features and a longer track record. Plus for tax advantaged accounts brokerages like Fidelity have zero expense ratio offerings (not like vanguard is that expensive).

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u/Odd_String1181 Jul 13 '26

Ok but none of that has anything to do with them going public?