Is Wealthfront reliable?

Yes, Wealthfront is a reliable US-based Robo-adviser that can help you automatically manage your income and investments. You can use the application to manage your 401(k) and IRA investment accounts. You can also use its basic functionality as a current account.

A major advantage with Wealthfront is that you can connect all your financial accounts with the app to help you manage your spending and investing habits to match your income and meet your investment goals.

Wealthfront is a member of the Securities Investor Protection Corporation (SIPC), which protects investor funds up to a maximum of $500,000. The cash account offered is insured by the Federal Deposit Insurance Corporation (FDIC).

The company offers a cash management account that pays interest, which you can use to set up a direct deposit for your paycheck and receive the amount due two days earlier. The app also has a multitude of features designed to help you reach your financial goals.

Anyone considering working with the Wealthfront app is certainly not the worst idea in my opinion. In fact, there are a few things in Wealtfront's favour. For one thing, they are based in California, and with $21 billion in assets in 400,000 different accounts, I think it shows that Wealthfront is a reliable company. I also think the minimum deposit of 500 USD is not too high. The company itself offers, according to its own statement, very good tax optimisation and robot-based advice on the various investments. Even though this can certainly be very promising, this is exactly the point that I personally don't like. I prefer to rely on my intuition and experience for my investments and not on any digital advisors. Even if a robot-based decision is probably much more rational, for me the most important thing in share trading is to prove oneself and one's own strengths.