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Wealthfront Review

Daily Tax-Loss Harvesting + 5% APY Cash

4.6/ 5.0
Annual Fee0.25%
Minimum Balance$500
Cash APY5.00% APY
Direct IndexingFrom $100K

Top Pick · Robo-Advisor

Wealthfront

Daily tax-loss harvesting · 5.00% APY cash

$500 minimum
Open Account
CalcMoney Editor's Take

Wealthfront differentiates with daily tax-loss harvesting (vs Betterment's opportunistic) and direct indexing for accounts over $100K, which allows stock-level harvesting. The 5.00% APY cash account is the best on-platform rate available and requires no action to activate. For investors near or over $100K who want the most aggressive tax optimization without an active manager, Wealthfront is the strongest option.

Pros

  • Daily tax-loss harvesting — not just opportunistic
  • Direct indexing at $100K allows individual stock harvesting
  • 5.00% APY cash account with FDIC sweep up to $8M
  • Tax-optimized bond ladder for fixed income
  • 529 college savings account available

Cons

  • No human advisor access (fully automated)
  • Direct indexing requires $100K minimum
  • $500 minimum higher than Betterment's zero minimum

Best For

Investors with $100K+ who want maximum tax efficiencyAnyone who wants the best cash account rate alongside investmentsLong-term investors focused on after-tax return optimization

Run the Numbers First

FIRE@42$1.2M
FIRE Calculator
FIRE@42$1.2M
Roth Conversion Calculator
+8.2%USD 245K
Investment Return Calculator

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Advertiser Disclosure: CalcMoney may earn a commission if you open an account or apply through links on this page. This does not affect our editorial ratings or recommendations.

Wealthfront portfolios are diversified but not guaranteed against loss. Tax-loss harvesting benefits depend on individual tax situation.