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Updated

Are there any transferred assets that you can’t migrate to a Wealthfront portfolio tax-efficiently?

Unfortunately, yes. We recommend selling the following before they ever get to Wealthfront:

  • Bonds
  • Options
  • Penny stocks
  • Open-ended mutual funds
  • Other exotic assets

If we do receive these assets, they will be sold immediately, irrespective of any long- or short-term capital gains they may have.

Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.

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