How to Cancel Wealthfront

Subscription in Few Steps

Wealthfront Refund Policy

Due to its investing model, Wealthfront does not provide refunds. However, there are no explicit fees for canceling an account, and you are responsible for any losses resulting from market movements. Wealthfront also charges an annual advising fee based on the balance in the account and may levy transfer fees for specific investment types.

How Much You Can Save After Canceling Your Wealthfront

Canceling Wealthfront may save management fees, alternative investment costs, potential tax consequences, and transaction fees. It is critical to examine the fees related to your preferred platform or broker and consult with a tax advisor if the assets you hold have appreciated. Furthermore, if you handle your investments correctly, you may be able to save on transaction costs.

Where to Invest that amount

Series I Savings Bonds

These US Treasury bonds provide interest rates that adapt for inflation, preserving your purchasing power. They have limitations on quantity purchases and redemption times.

Index funds

Submissively managed investments, such as the S&P 500, provide general market exposure at a lower cost than actively managed funds.

Individual Stocks

Individual stock investments provide better profits, but they also raise risk, needing extensive market study and comprehension.

Alternatives to Wealthfront

Betterment

Betterment is a prominent robo-advisor that offers a user-friendly interface, low fees, and tax-saving capabilities comparable to Wealthfront's automatic investment method.

Intelligent portfolios

Charles Schwab offers a reasonable robo-advisor for more significant accounts, including access to Schwab's comprehensive financial research and tools.

Vanguard Personal Advisor Services

Vanguard's personalized hybrid robo-advisor provides minimal-cost index funds for portfolio diversification, making it an appealing option for investors looking for minimal fees and a proven investment strategy track record.

Conclusion 

Terminating your Wealthfront account is a simple operation; this tutorial will teach you how to do it correctly. Remember, before making a decision, examine whether there is flexibility to modify your Wealthfront approach to better meet your changing needs. If you decide to move on, consider the numerous alternative investing options accessible and carefully consider variables such as fees, features, and investing flexibility. Bill payments got you down? Trybeem streamlines your finances. Download the app and say goodbye to financial chaos.