Menu

Updated

Why do you have a minimum account size for Stock-level Tax-Loss Harvesting and Smart Beta?

Any Wealthfront taxable account with over $100,000 to invest is eligible for Stock-level Tax-Loss Harvesting. Any Wealthfront taxable account with over $500,000 to invest is eligible for Smart Beta.

Our minimums for are based on dollar amounts required to hold a reasonable collection of individual US stocks in a Stock-level Tax-Loss Harvesting and Smart Beta position while continuing to track the performance of the broad US market.

That means that the Stock-level Tax-Loss Harvesting and Smart Beta minimums must be met through cash deposits or assets in your Wealthfront diversified portfolio. Other assets, such as assets you’ve transferred to Wealthfront via a Tax-Minimized Brokerage Account Transfer and which are still being sold or diversified, can not be used to meet this minimum as those assets can not be used to purchase individual stocks until their sale is completed.

Was this article helpful?

This communication has been prepared solely for informational purposes only. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security or a financial product. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

Wealthfront offers a free software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC registered investment adviser, and brokerage related products are provided by Wealthfront Brokerage LLC, a member of FINRA/SIPC.

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

© 2020 Wealthfront Corporation. All rights reserved.