Quality degradation at Wealthfront: Save and Invest  
Users report higher volume of Quality Issues than usual
70
good

Wealthfront: Save and Invest | unitQ Score

The unitQ score is the fraction of public feedback data (iOS & Android) that mentions quality issues.
100 = No Issues. 50 = Some Issues. 0 = All Issues
-20 Points Past 7 Days
Category: Finance
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30-Day Trend
 
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Android unitQ Score
Android User Feedback
80%
Android
83 Reports
iOS unitQ Score
iOS User Feedback
20%
iOS
21 Reports
User Feedback
20%
iOS
21 Reports
80%
Android
83 Reports
Wealthfront: Save and Invest - Latest Quality Issues
iOS
Apr 1, 2024
Not good for IRA and investing accounts
I will start by saying the cash account is amazing and very convenient. I have an IRA through WF and I'm very unimpressed. They only have certain ETFs available and when you add the stocks to your portfolio they will come up as a generic name like “US stocks”. If you buy multiple US stock etfs like voo, vo, and vb, they will group them under the same umbrella “US stocks” and you only get the percent change of all three of those stocks combined. So you don't know with one is doing better than the other without calculating it yourself. The auto investing doesn't make sense because you one of your stocks will be underweight or below the percentage that you requested it to be and you will have money to buy the stock in the account and WF won't buy anything. They always keep at least $120 in your account in cash and won't invest it for some reason. They say they are investing it in a “money market fund” but they won't tell you which one and they won't tell you how much the dividend is. I think that is really sketchy. I have $200 in my account right now that WF won't invest. I have an ETF that is underweight by 1% and is only $87 yet wealthfront still won't buy it. I stopped adding to my IRA and I just opened up a new account with a different company because of this. It is also very inconvenient that you can't buy fractional shares.
iOS
Apr 2, 2024
They show your bank information and transactions
I do not need my banking information on their application or website first off it's none of their goddamn business what my transactions are. And if I can't shut it off, then I'll close the account.
Android
Apr 3, 2024
Great app. I like being able to change curve by target retirement age/ estimated contributions. It won't reflect bank account amount accurately due to 2fa. I knocked off a star because it should just skip this since this doesn't reflect useful information. Funds perform well.
Android
Apr 7, 2024
Would give 5 stars except it lacks the functionality to setup recurring transfers to external accounts...which seems like pretty basic functionality.
iOS
Apr 7, 2024
App doesn’t work, verify email not sent, Personal Capital can’t read account
App doesn't work, verify email not sent, Personal Capital can't read account, “link account” blocks everything and can't direct deposit. “Our rate is going up“ blocks app. Invalid username/password. Update: The app does not work, emails from support go through but not the app. Developer doesn't care. They closed my account “because I didn't verify the account.” “Oops, we hiccuped”
Android
Apr 10, 2024
Great app overall but everytime I do the math on getting 5% return on my savings money the amount wealthfron comes up with is always lower then the 5% I calculate. Once this is fixed I'll update my review to 5 stars.
iOS
Apr 15, 2024
Face ID Timeout
Please add timeout option for Face ID in settings so I don't have to do it every time I view the app.
iOS
Apr 18, 2024
Not recommended - Poor limits to move money out of wealthfront
Be cautious, wealthfront has really poor limits for moving money out. Don't put more than 50k in your account or you will be surprised. Not sure what type of wealth management company is it, as it has low 50k ACH pull limits. See the limits before you move your cash or invest with them. Not recommended
iOS
Apr 20, 2024
Issues with app
Hi, it's been several times that this buggy app doesn't let me in and doesn't reset account info via email. Will you fix that?
Wealthfront: Save and Invest - Product Description
EARN 4.80% APY ON YOUR CASH 
With our Cash Account, we work with partner banks so you can earn 11x the national average interest rate and get 20x the standard FDIC insurance ($5M for single accounts, $10M for joint accounts). Plus, skip the account fees, and make unlimited fee-free transfers. It’s easy to spend, save, and organize your cash, and it’s easy to move your money to invest within minutes when you’re ready.

HIGHER YIELD, LOW-RISK BOND ETFS
Our Automated Bond Portfolio is a diversified mix of bond ETFs that’s easy to manage and easy to cash out. Designed for a higher yield than savings with less risk than stocks and personalized to your tax situation, it’s an ideal place to save for your near-term goals.

AUTOMATE YOUR INVESTMENTS
Hands-off investing made easy. Start by answering a few questions, and we’ll recommend a globally-diversified portfolio of automated index funds that’s personalized for you. We’ll handle the trades, reinvest your dividends, and help to lower your taxes with Tax-Loss Harvesting.

INVEST IN STOCKS WITH ZERO COMMISSIONS
Skip countless hours of research and get the due diligence done for you with our Stock Investing Account. We make it easier to explore investing themes and opportunities to help you find more companies that aren’t on your radar (yet!). It’s your shortcut to smarter stock investing.

BUILD YOUR WEALTH IN ONE PLACE
Get a big-picture view of your finances and make sure you’re on track now and into retirement. Say goodbye to multiple apps and forgotten passwords, and take the guesswork out of building wealth.

Disclosures

Product interface images are for illustrative purposes only and securities displayed aren’t endorsements or recommendations. Any performance figures displayed aren’t representative of actual performance.

The national average interest rate is based on FDIC.gov, as of July 27, 2023.

Nerdwallet receives cash compensation for referring potential clients to Wealthfront Advisers, LLC (“WFA”) via advertisements placed on their respective websites. Nerdwallet and WFA are not associated with one another and have no formal relationship outside of this arrangement. Nerdwallet’s opinions are their own. Their ratings are determined by their editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities. Nerdwallet ranking as of January 2023. © 2017-2023 and TM, NerdWallet, Inc. All Rights Reserved.

Bankrate's endorsement was voluntarily given and Wealthfront has no formal relationship with Bankrate.

Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a Member of FINRA/SIPC. Neither Wealthfront Brokerage nor any of its affiliates are a bank, and Cash Account is not a checking or savings account. We convey funds to partner banks who accept and maintain deposits, provide the interest rate, and provide FDIC insurance. Rate is subject to change. Investment management and advisory services--which are not FDIC insured--are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser, and financial planning tools are provided by Wealthfront Software LLC (“Wealthfront”). The Stock Investing Account is a limited-discretion investment product offered by Wealthfront Advisers.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security.

Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.
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