As tech booms, the doors to the Wealthfront open

54 thoughts on “As tech booms, the doors to the Wealthfront open”

  1. MPT has been discredited by many as BS – this includes Buffett and Munger. Lipstick on a pig don’t make it a princess. In addition to that I think it is pertinent for others to know some of the history here. When kaChing transitioned to Wealthfront, subscribers(such as yours truly) were forced to liquidate if they were subscribed to a non-RIA manager. With the transition now to this MPT crap, again Wealthfront is effectively forcing liquidations by Jan 31 because they are completely dropping the independent manager model. Liquidations have tax consequences and the forced approach here is especially undesirable. Burned twice now, I will not touch these guys with a ten foot pole. Potential subscribers – you have been warned on their fickle musical chairs approach to business models. Screwing your previous subscribers by forcing losses on them is not a good business model. And to replace what Wealthfront had with a crappy, one for the history bins concept like MPT – WOW.

  2. MPT has been discredited by many as BS – this includes Buffett and Munger. Lipstick on a pig don’t make it a princess. In addition to that I think it is pertinent for others to know some of the history here. When kaChing transitioned to Wealthfront, subscribers(such as yours truly) were forced to liquidate if they were subscribed to a non-RIA manager. With the transition now to this MPT crap, again Wealthfront is effectively forcing liquidations by Jan 31 because they are completely dropping the independent manager model. Liquidations have tax consequences and the forced approach here is especially undesirable. Burned twice now, I will not touch these guys with a ten foot pole. Potential subscribers – you have been warned on their fickle musical chairs approach to business models. Screwing your previous subscribers by forcing losses on them is not a good business model. And to replace what Wealthfront had with a crappy, one for the history bins concept like MPT – WOW.

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