Best Robo-Advisors for January 2025
Wealthfront
Wealthfront is the best overall robo-advisor, offering investment and money management products that meet the needs of any type of investor. The platform has low fees and a low required minimum investment of $500. It offers individual stock investing, high-yield cash, digital financial planning, automated tax-loss harvesting, and lending capabilities.
Wealthfront makes it easy for investors to manage their portfolios, enabling them to link multiple investment accounts for an overview and analysis of their finances. The platform also offers a digital financial planner, known as Path, which can answer up to 10,000 questions and offer personalized recommendations for someone’s portfolio.
The platform’s digital financial planner, Path, can help investors plan for the future, answering questions like, “Can I live my current lifestyle in retirement?” and, “How much should I be saving today?” The tool can help investors set financial goals and offer guidance on achieving them, from retirement and homeownership to college planning.
Wealthfront portfolios cover 17 asset classes—including stocks, bonds, and inflation assets—offering some of the best-constructed portfolios from a robo-advisor. They’re constructed based on investment management research, including modern portfolio theory (MPT) by Harry Markowitz.
Core and ESG portfolios with many customization options
Range of account types, including 529 plans for college savings
Direct indexing with individual stocks for accounts over $100,000
Best-in-class Path digital financial planner
No access to a human financial advisor
No online chat option
Phone access isn’t straightforward
Wealthfront was founded in 2008 by tech entrepreneurs Dan Carroll and Andy Rachleff
Read more on investopedia.com
