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No sooner does hedge fund take big Wealthfront stake than the robo pivots toward becoming one

Tiger Global brought $75 million of cash in January but the New York hedge fund's baggage of higher fees, hard-to-grasp fees, PhD investing may have been quickly transferred, too

Author Lisa Shidler March 7, 2018 at 11:26 PM
Admin:
no description available
Jacqueline Ko Matthews: They ended up being commoditized in their attempt to disrupt.

Randy Bullard

Randy Bullard

March 10, 2018 — 12:18 AM
I panned this product when Andy announced it on LinkedIn a few weeks ago. It's a naked fee grab using a questionable proprietary product that is unlikely to create value for their investors. It's a shame to see them go down this path.
Brooke Southall

Brooke Southall

March 10, 2018 — 2:40 AM
Randy, Can you add a link to your post?

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July 16, 2022 at 1:35 AM

Wealthfront cedes to four years of investors clamoring for crypto by taking on expensive third-party vendor that Betterment rules out

The Redwood City, Calif., robo-advisor turned a hard 'no' into a soft 'yes' by dealing with Grayscale and its 200 basis-point-plus fees, which its robo rival in NYC -- also without a crypto path -- finds ludicrous.

August 14, 2021 at 2:20 AM

Wealthfront's unlikely tapping of Sheila Bair and Tom Curry signals likely push to gain a bank charter, analysts say

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December 31, 2020 at 4:37 AM

Oisín's Bits: Wealthfront drops old mission statement, declares war on institutions and emphasizes banking future • Seeking Utah charter, Edward Jones may become largest bank in US by branch count • After Advent chief leaves, Black Diamond head steps up

Andy Rachleff cans the old 'democratizing' mission statement at his robo; The 14,200 one-man Ed Jones branches may become branch banks; Steve Leivent consolidates power at SS&C.

July 3, 2020 at 1:12 AM

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Mentioned in this article:

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh

Wealthfront
Portfolio Management System
Top Executive: Andy Rachleff



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