The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 15 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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.”
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.”
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.”
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.”
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.”
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.”
Rachleff: Wealthfront Was First To Bring Virality To Investing
“It's the first time a virality has been applied to the investment world.”
Rachleff: Wealthfront Holds $60M Cash, Beating Competitors On Capital Efficiency
“All I know is that we still have sixty million dollars in the bank, so we've been a heck of a lot more efficient with our capital than any other player in our space, and that's something that we've been paying a lot of attention to.”
Rachleff: Wealthfront uses David Swensen's endowment asset allocation methodology
“Well, the way that we allocate assets or the way that we generate our investment mix is based on the same techniques that he uses. He has access to alternative assets, which we do not because you need to be an accredited investor to access that, but the same m…”
Rachleff: 15% Of Wealthfront Referral Invites Become Funded Accounts
“Something on the order of 15%.”
Rachleff: Wealthfront Manages The First $10,000 For Free
“Well, actually we manage the first 10,000 on your behalf for free, and then we only charge a quarter of a percent on the amount we manage in excess of 10,000 dollars.”