Andy Rachleff, co-founder and CEO of Wealthfront, shares the company's current assets under management with host Nathan Latka.
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“About 4.4 billion.”
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More from Andy Rachleff
AssertionNot checkable as stated
Rachleff: Yale's David Swensen Called Wealthfront The Best Asset Manager
“He's been an investor in my two venture capital firms. And when he heard about Wealthfront, he said, you know, I think this is the best way to manage assets other than perhaps the top 10 endowments in the world.”
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PredictionOpen · timeframe Dec 2021
Rachleff: Automated Investment Services Will Ultimately Manage More AUM Than ETFs
“So that gives me faith that ultimately automated investment services are actually going to manage more assets than even ETFs.”
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Opinion
Rachleff: Vanguard Is The Only Financial Firm That Puts Clients First
“We think Vanguard is the only company that we know of in financial services that puts its clients first.”
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Opinion
Rachleff: Financial Industry Relies on Abhorrent Fees and Sleight of Hand
“The amount of
sleight of hand and inappropriate fees that are charged by this industry is just abhorrent.”
Andy RachleffDec 4, 2016▶ 15:07EP 498: $130M Raised Wealthfront Crosses 100,000 Investors, $4.4B in AUM with CEO Andy Rachleff
AssertionNot checkable as stated
Rachleff: Wealthfront's Tax Minimization Value Outweighs Fees Six-To-Eight Fold
“And the reason is that we're able to do things in software with regard to minimizing your taxes that Vanguard cannot. And the benefit of that tax minimization is worth at least six to eight times what we charge in fees.”
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AssertionSupported
Rachleff: Daily Tax-Loss Harvesting Adds 1.5% to 2% to Returns
“And if you do tax loss harvesting just at year end, according to our research, that can add about .6% to your annual after tax return. But by looking for these losses daily, it can add, as I said, one and a half to two percent.”
Andy RachleffDec 4, 2016▶ 8:04EP 498: $130M Raised Wealthfront Crosses 100,000 Investors, $4.4B in AUM with CEO Andy Rachleff
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