We currently support transfers from Wealthfront cash accounts into Wealthfront taxable investment accounts. Please review our Wealthfront Transfer FAQs for more information.
Unfortunately we do not yet have the ability to electronically transfer (journal) cash or securities in-kind between other types of accounts. Journaling is more complicated than it might appear because it requires not only transferring the securities held in an account, but the cost basis information and transaction history as well. If not done correctly it can cause numerous issues for our clients, particularly those employing our Daily Tax-Loss Harvesting and Stock-level Tax-Loss Harvesting strategies.
The only way we can keep our fee so low for the value we provide is to only do things that are completely automated. We prioritize features that will have the most financial impact on your wealth and that will appeal to the broadest audience and electronic journaling has not yet made it.
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.