Can I have multiple investment accounts in Wealthfront?

You can have multiple Investment Accounts at Wealthfront. In other words, you could have one account with a Wealthfront recommended portfolio and another that is customized. If you have multiple accounts with Tax-Loss Harvesting enabled, our software will avoid wash sales whenever possible.

Can I buy individual stocks through Wealthfront?

In general, clients can’t hold individual stocks in their Wealthfront Investment Account. However, if you have a taxable account with US Direct Indexing or Smart Beta enabled, we’ll purchase individual securities to replicate a broad US stock market index fund.

What types of accounts does Wealthfront have?

Wealthfront allows you to open taxable individual, joint and trust accounts, as well as traditional IRAs, Roth IRAs, SEP IRAs, and 401(k) rollovers. Wealthfront also allows you to open a 529 college savings account, which is rare among robo-advisories.

Can you do a backdoor Roth with Wealthfront?

Yes, you can convert your funds from your Wealthfront Traditional or SEP IRA into your Wealthfront Roth IRA through our website or mobile app.

Can you open a joint account with Wealthfront?

For now, you can only access Joint Accounts via a single user profile. The person you own the account with still has equal ownership of the account. They can view the account balance by logging in to their own Wealthfront profile and linking the Joint Account to their dashboard. Other fees apply to the debit account.

Can joint accounts have separate logins?

Yes. Both account holders can access the Online Statements and documents for an account once they are available online, even if you have separate Online Banking logins/services. Either account holder can likewise re-enroll the account at any time.

Does wealthfront have IRA?

Most financial institutions offer several types of IRA accounts and give you the ability to choose how to allocate your savings across assets. For example, investors can open a Wealthfront account for Traditional IRA, Roth IRA, or SEP IRA.

How do I convert a traditional IRA to a Roth wealthfront?

If you already have a Wealthfront Roth IRA, navigate to the Wealthfront Traditional IRA account dashboard and click “Convert funds to a Roth IRA.” If you don’t have a Roth IRA, just click “Open new account,” select Roth IRA, and then choose the Wealthfront Traditional IRA as the funding source.

Can I add my wife to my brokerage account?

The transfer of property in joint tenancy to your spouse is generally not a taxable gift. Therefore, you can open a joint tenancy brokerage account with your spouse or transfer your assets in and out of a joint tenancy brokerage account with your spouse without incurring gift tax.