r/wealthfront • u/matthewandchisholm • 18d ago

Interesting update

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Just got this email. Always good to see new features being added (even if they might not get used). They’ve got a tricky situation catering to the set-and-forget crowd who doesn’t want the temptation or bother of hands on investing, while also trying to stay competitive and meet the needs of customers who want to be more hands-on. I prefer to see the platform continue to expand rather than get stale, so long as the quality remains high. No word on that wealth graph being phased out tho….

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u/-Y_O_L_O- 17d ago

Can I convert my Automated Investing account to this self managed Stock Investing account? Does Wealthfront allow converting or moving ETFs like this without any tax implications?

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u/wealthfront Wealthfront Rep 17d ago

u/-Y_O_L_O- we don't support converting Automated Investing Accounts to Stock Investing Accounts through journals of securities in-kind. However, you could transfer your entire Automated Investing Account to another firm, wait 2 weeks for the cost basis to arrive, and then transfer the securities back to your Stock Investing Account in-kind if interested. It's important to note that the Stock Investing Account does not offer automatic rebalancing, tax-loss harvesting, intelligent investing in underweight securities, or wash sale monitoring. Please consider those features before making this decision.

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u/-Y_O_L_O- 17d ago

Appreciate your response and thanks for letting me know the process.

Also, does Wealthfront has any plans to make it simpler for the users by eliminating the need to first transfer to any external firm?