Just got this email from Wealthfront CEO Andy Rachleff:
It’s been an exciting start to the new year at Wealthfront, as we now have over $10 billion under management. We couldn’t have done it without you. Thank you very much for making this possible!
We’ve come a long way in the past six years from just offering a simple diversified and rebalanced portfolio of low cost index funds. Thanks to your support, we have added comprehensive financial planning, a broad suite of value added PassivePlus investment features and the ability to borrow at among the lowest rates in the business. In recognition of this tremendous increase in value, we have decided to no longer manage $10,000 for free for new clients starting April 1st.
However, this will have no effect on your account. You’ll still maintain your original sign-on benefit. It’s our way of thanking you for helping us build our business. We’ll also continue to offer everyone the ability to get an additional $5,000 managed free for every referral who funds a new account.
We’re looking forward to delivering you even more features and services this year. And thanks to our new $75 million financing round, we’ll be able to enhance our service at an even faster rate.
So here’s to you and a great rest of 2018!
Best,
Andy
Submitted February 04, 2018 at 05:50PM by miraj31415 http://ift.tt/2DZlCVX
