Wealthfront implements Daily Tax-Loss Harvesting and literally checks your account for Tax-Loss Harvesting opportunities every single trading day.
This means that we may harvest losses from your account throughout the year, including the common late-December period. We believe this more extensive account monitoring – only possible with a software-based solution like Wealthfront – leads to greater benefits.
For a detailed explanation of this strategy and actual results, take a look at the Wealthfront Tax-Loss Harvesting Whitepaper.
Wealthfront prepared this article for informational purposes and not as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information.
Wealthfront and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisor. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.