Wealthfront does not charge an advisory fee on the first $10,000 of assets under management.* On all amounts over $10,000, we charge a monthly advisory fee based on an annual fee rate of 0.25%.
Example Advisory Fee Calculation:
An account with an average monthly balance of $100K with our standard $10K managed for free will have a monthly advisory fee of $18.49. Assuming 30 days in the month and 365 days in the year, the math is as follows: $90,000 * .0025 * (30/365).
The only other fee you incur is the very low fee embedded in the cost of the ETFs you will own that averages 0.08% (this is referred to as the fund’s expense ratio). The expense ratio is not charged by Wealthfront and will not show up in your account’s transaction history. For more information on the expense ratio of specific ETFs please review the asset class details on the account page.
Wealthfront 529 account fees are slightly different. You can view our 529 fee details here.
* Assets under management is defined as all assets held at Wealthfront except for those included in Selling Plan.
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.
This article is not intended as tax advice, and Wealthfront does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Wealthfront assumes no responsibility for the tax consequences to any investor of any transaction. Investors and their personal tax advisors are responsible for how the transactions in an account are reported to the IRS or any other taxing authority.