Wealthfront | 2022 Robo-advisor Review

✔️ Wall Street-level
✔️ Fully personalized and unbiased
✔️ Reviewed by a real person

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In 2021, Uprise started as an idea to make premium wealth management services accessible to everyone.

Today, our company’s backed by founders and execs from places like Robinhood, Cash App and Stripe, and is trusted by employees at Google, Microsoft and Tesla, among others.

We have some pretty big plans for the years ahead, but at the moment, we’re focused on engineering the best financial plan experience in the world.

MORE ABOUT UPRISE:

HSA. FSA. IRA. 401(k).

Pretty often, the world of personal finance feels like you’re sifting through a messy brew of alphabet and numerical soup.

At Uprise, we’re committed to fixing that.

We’re a VC-backed startup that builds financial plans. Each that we design is Wall Street-level, fully personalized and 100% free.

We leverage both powerful tech and human expertise, which means there’s a real person reviewing your plan. Our team has had experience on Wall Street, working at hedge funds and investment banks. We also have backgrounds in tech, building products like Facebook, Robinhood, Justworks, Wise and Earnin.

We’re backed by executives and founders from Robinhood, Cash App, Stripe, SoFi, Gusto and Clarity. We’re also trusted by employees at Google, Microsoft, Tesla, Carta, McKinsey & Company and Harvard University.

When it comes to wealth and money management, we always strive to be as comprehensive as possible for the people we serve. Topics we cover: employer benefits, retirement, credit cards, saving, investing, student loans, banking, credit unions, stock options, startup equity, robo-advisors, Roth IRA, real estate, mega backdoor Roth, traditional IRA, 401(k) rollovers, minimizing taxes, Fundrise IRA and more.


On average, we've put $1.5M in net worth back into customers' pockets.

ABOUT JESSICA:

Hey guys!

My name is Jessica Chen Riolfi. I used to work on Wall Street at J.P. Morgan, but eventually decided to make the transition over to Silicon Valley.

Since then, I’ve worked for well-known fintech companies (Robinhood, Earnin, Wise), and I’m currently the Co-founder and CEO of Uprise.

Here on YouTube, we share new videos every week. We mainly focus on finance and career for young professionals, and if there’s ever a topic you’d like us to cover, we’d love to hear from you (we read and respond to every comment).

Thank you so much for taking the time to visit our page. We really appreciate it, and hope we can become your biggest supporter on your financial journey.

Jessica

SUMMARY
In this video I review Wealthfront, one of the original robo-advisors. I take a close look at their investing product where they manage your investments in a completely automated way, and I pull up my screen and talk about everything from their portfolios to their fees. Make sure to stick around till the end – I’ll let you know whether I recommend using this service, or passing on it.

CHAPTERS
0:00 - Intro
2:38 Design
3:20 Fees
4:35 Investments
5:55 Creating an account
12:40 More on investments
14:54 Tax-loss harvesting
17:29 Recommendation
18:18 Conclusion

[taloweryus]

Good review. Though she's a fan of Wealthfront, she appears to give a balanced review. Clear explanations with pointers on things to do and not do if you choose this robo-advisor.

Here's an update after applying for a Wealthfront account.
I still think the review was, for the most part, a good overview of Wealthfront. However, it left out a pretty important warning about the application process. As part of that process new customers will be asked to connect their bank account to the service. This will involve giving Wealthfront access to the past year of your bank transaction history. I can't imagine why they would need this except to collect marketing information on you. This seems extremely invasive to me and not relevant to the service they claim to be providing. So if you are considering using this service BEWARE!

[krakken]

been a user since 2017. I love wealthfront

[brucemoore]

I recently sold some property and have about 300K, I don't like the current interest the local bank is offering, .05%, so Wealthfront caught my eye and then I found you and I'm sold. Just wanted do let you know and get a wee bit of opinion on what you think. I have an investment portfolio with the bank and I think they've done well but I have always had this itch that maybe there are other good investment options I'm not aware of. Thanks, Regards, Bruce

[MrBlack-wter]

I just started wealth front 2 days ago! I'm late in the game.

[Dontloseyourlight]

Hi Jessica. I'm a complete novice in the investment space and this was a great post with enough detail to help me make a decision. Subscribed and liked of course. Question, can I roll over an Acorns investment account into a Wealthfront investment account without tax ramifications?

[ramesherrabolu]

Thanks for the video on customizing a portfolio.

Given that we have to data I would like to see the following:

Allow user to get the risk score of a customized portofolio
Allow user to compare the performance of recommended vs customized portfolios over 1, 3, 5, 7, 10, 15 and 20 years

Being able to evaluate the peformance of two or more portfolios
will help users come to a decision that is based on some data

Is there a advisory service that allows the above

[Ryan-iqzd]

Hi! I have an individual Investment account and a savings account with Wealthront. Would you still recommend opening a Roth IRA, especially since I don't have a 401k? Is investing in stocks on your own a better option?

[brandongarcia]

SoFi and fidelity don't offer "tax loss harvesting" but are two companies I was considering going for. Should I find a company that does offer it? Is it that big of a deal?

[JoeXu]

First financial channel that does not come off as a glorified promo (or excess fanboism), subbed.

[TheBjjninja]

I have a dumb question why would I want to pay them if I can just buy the same ETF allocation they just showed me on the screen? Is it because they will sell it for me too if there is a down turn?

[miso-lol]

I think you should review Acorns next.

[joshyr]

I have an IRA with chase I want to transfer it to Wealthfront but chase charges a $75 transfer and termination fee .. will Wealthfront reimburse me the fee? Do you know?
Thanks

[trippleaj]

Can I ask, what would be the benefit of opening an account with wealthfront whereas you can open an individual account on another broker and just get those etfs?

[joshyr]

Love your videos how you show us step by step

[subgyu]

Which is better Betterment vs Wealthfront?

[miguelacevedo]

Would you recommend Wealthfront or Vangaurds robo advisor? I already have accounts with both but am looking to invest additional in a non retirement account.