Wealthfront Review
Automated investing plus a high-yield cash account in one app. Independent Wealthfront review: 4.5/5 for robo-advisor.
By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.
Our verdict
Hands-off investors who want taxes handled for them are the fit: Wealthfront runs daily tax-loss harvesting on taxable accounts and stock-level direct indexing from $100K. That tax work is why it rates this well. The cost is a 0.25% annual advisory fee, with a $500 minimum to start investing.
Skip it if you'd rather avoid a 0.25% advisory fee, or can't start with $500.
About Wealthfront
Automated investing plus a high-yield cash account in one app. Wealthfront is offered by Wealthfront Advisers LLC. Our editorial rating is 4.5 out of 5.
Best for: Tax-efficient hands-off investors.
Editorial grade: A (composite score 89/100).
Highlights
- Daily tax-loss harvesting on all taxable invested accounts
- Direct Indexing (Stock-level Tax-Loss Harvesting) on $100K+ accounts
- 3.55% base APY Cash Account (up to 4.45% with a 3-month new-client boost and an ongoing boost for clients who invest and deposit monthly), with FDIC insurance eligibility up to $8M via program banks
What we like
- Industry-leading tax optimization (TLH + Direct Indexing + Risk Parity)
- High APY cash account with unlimited transfers and debit card
- Automated bond portfolios and S&P 500 Direct with 500 individual stocks
- Taxable, Traditional IRA, Roth IRA, SEP IRA, and 529 accounts
Where it falls short
- 0.25% annual advisory fee on invested accounts
- $500 minimum to start investing ($1 for cash)
Fees, minimums, and rates
Monthly fee: 0.25% AUM (invest). Minimum to open: $500 (invest) / $1 (cash). Current APY: 3.55% (cash). Rates and fees last checked on September 29, 2026.
How we reviewed it
This is a desk review: we have not opened an account with Wealthfront Advisers LLC. It is built from Wealthfront Advisers LLC's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Robo-Advisor shortlist. Our brokerage and robo-advisor reviews weight costs and fees (25%), platform and tools (20%), asset selection (15%), account types (10%), education and research (10%), customer support (10%), and trust and safety (10%). The rubric is the same for every brand.
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Read our full editorial methodology for how we review products.