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Why do I have different tax levels for each of my portfolios?
The tax level we recommend for you may vary depending on the portfolio type. We design tax levels to best reflect the type of tax exemptions that each portfolio type may have. It is possible for your tax level to vary between your portfolios because each portfolio has a different composition, and you may benefit differently tax-wise from different accounts. For example, you may have a high tax level for your Automated Investing Account, but a medium tax level for your Automated Bond Portfolio. If you believe your portfolio should have a different tax level, you can update it any time.
Wealthfront Advisers and its affiliates do not provide legal or tax advice and do not assume any liability for the tax consequences of any client transaction. Clients should consult with their personal tax advisors regarding the tax consequences of investing with Wealthfront Advisers and engaging in these tax strategies, based on their particular circumstances. Clients and their personal tax advisors are responsible for how the transactions conducted in an account are reported to the IRS or any other taxing authority on the investor’s personal tax returns. Wealthfront Advisers assumes no responsibility for the tax consequences to any investor of any transaction.
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