FYI: Wealthfront Inc., an online money manager, attracted a following in Silicon Valley and expanded its assets under management to $10 billion by offering a simple proposition. Instead of telling clients which stocks to buy or which supposedly brilliant money manager to pick, Wealthfront charges a low fee to help people spread their assets among exchange-traded funds that passively track the market. It adjusts that allocation to stocks, bonds, and other assets according to a client’s tolerance for risk.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-05-11/wealthfront-wants-to-make-investing-complicated-again
