What's the general thoughts or experiences here? Thinking about setting up a wealthfront account.

I'm looking into this as well, I've self-directed in the past but would like to try this next year, probably through my ML EDGE account.

From what I have seen most simply make you take a survey and determine your risk tolerance then put you into 3-4 mutual funds or etf then rebalance for you a few times a year. You can easily do this yourself but if you don't want to mess with checking up on it then the small fee might be worth it for you.

You could easily do something like 70% VTI, 15% VXUS 15% BND then rebalance yourself every couple of months and save on the fees. Once you know the mix you want it's pretty easy to set up.

Tried Fidelity ROBO fund this year, and it lost less than the market and about the same as my dividend stock portfolio. I would say it is the smarter way to go compared to fee advisors who essentially charge you 2 percent on total assets under management for the exact same thing.

Unless you are a high worth individual with a net worth of 30 million or more the mutual funds and robo funds are your best bets. The person working as your financial advisor is getting told what to do, then retelling you.

TrailerTrash said:

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Tried Fidelity ROBO fund this year, and it lost less than the market and about the same as my dividend stock portfolio. I would say it is the smarter way to go compared to fee advisors who essentially charge you 2 percent on total assets under management for the exact same thing.

Unless you are a high worth individual with a net worth of 30 million or more the mutual funds and robo funds are your best bets. The person working as your financial advisor is getting told what to do, then retelling you.

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2%, really?!? This take is trash. Like your handle implies…

TrailerTrash said:

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Tried Fidelity ROBO fund this year, and it lost less than the market and about the same as my dividend stock portfolio. I would say it is the smarter way to go compared to fee advisors who essentially charge you 2 percent on total assets under management for the exact same thing.

Unless you are a high worth individual with a net worth of 30 million or more the mutual funds and robo funds are your best bets. The person working as your financial advisor is getting told what to do, then retelling you.

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That's not correct. [/Norm]

I've seen that 1% is about standard when we were shopping. Who is charging 2%?

Star for the Norm reference.