I am just really starting to save for retirement. I have a small account with the family financial advisor. He takes forever to invest the money I deposit (like 3 months) and he charges a 1% fee. I feel like I could get more value somewhere else. I looked into robo advisors and decided to go with wealthfront.
In my opinion wealthfront is better for beginners because the first 10-15k is invested with no fees and they have real estate in their mix. The minimum deposit is only $500, within a few months of saving most people should be able to complete this. It is 10k invested for free if you sign up without a referral or 15k if you sign up with a referral.
Whereas betterment charges 0.25% right away unless you have a 15,000 to open the account with, then you get one month free. Yes they offer more support but it looks like they only offer that once your account has 100,000!
Anyone have any better places I should look into? I like the idea of vanguard but I don't like target funds and not quite ready to pick my own mix yet. So the robot advisor seemed like a good trade off. Any advice is appreciated!
In case anyone wants the sign up referral link for wealthfront it's https://wlth.fr/2cMrvJG Or non referral Https://wealthfront.com
Submitted December 30, 2018 at 02:53PM by mwarnstadt http://bit.ly/2rZ2JxY
