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Investment Robo-Adviser Wealthfront adds support for Coinbase accounts

Investment Robo-Adviser Wealthfront adds support for Coinbase accounts

Finance

Wealthfront, one of the largest independent robo-advisers in the US market, has added support for Coinbase accounts. The Wealthfront team explained that the high customer demand was the reason for incorporating the new functionality, saying: "We are particularly excited because this was one of our customers' most requested features".

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Wealthfront adds Coinbase support

<img class = "alignright size-medium wp-image-265952″ title=”Investment Robo-Adviser Wealthfront adds support for Coinbase accounts” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/coinbase-300×188.jpg” alt=”Investment Robo-Adviser Wealthfront Adds support for Coinbase accounts "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/coinbase-300×188. jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/coinbase-768×480.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/12/ coinbase- 1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/12/coinbase-696×435.jpg 696w, https://news.bitcoin.com/wp-content/uploads/ 2018/12 / coinbase-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/12/coinbase-1068×668.jpg 1068w, https://news.bitcoin.com/wp- content / upload / 2018/12 / coinbase-672×420.jpg 672w "sizes =" (maximum width: 300px) 100vw, 300px”/>Wealthfront Advisers LLC (formerly known as Wealthfront Inc.) is a robo consultant in Redwood City, California, which provides automated software-based portfolio management services set up in 2008. The company recently announced that its users can now track of cryptocurrency positions for the first time by linking their accounts with the Coinbase platform to the automated investment service.

"You've always been able to connect a wide variety of account types and asset classes to our Path Consulting Engine – from bank accounts and brokerage to real estate, mortgages and student loans – but we know that many of you They love to take part in other innovative financial products, such as cryptocurrencies, so now we can add information about your cryptocurrency holdings in your Coinbase account to Wealthfront to get a more holistic view of your financial image. included in your free financial plan, "said the Wealthfront team.

Over $ 11 billion in managed assets

<img class = "alignright size-medium wp-image-265955″ title=”Investment Robo-Adviser Wealthfront adds support for Coinbase accounts” src=”https://news.bitcoin.com/wp-content/uploads/2018/12/Robo-Advisor-wide-300×188.jpg” alt=”Investors Robo-Advisorer Wealthfront adds support for Coinbase accounts "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/12/Robo-Advisor- wide- 300×188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/12/Robo-Advisor-wide-768×480.jpg 768w, https://news.bitcoin.com/wp- content / upload / 2018/12 / Robo-Advisor-wide-1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/12/Robo-Advisor-wide-696×435.jpg 696w, https: //news.bitcoin.com/wp-content/uploads/2018/12/Robo-Advisor-wide-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/12 / Robo -Advisor-wide-1068×668.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/12/Robo-Advisor-wide-672×420.jpg 672w "sizes =" (maximum width: 300 px) 100vw, 300px”/>The robo-consultant of Wealthfront has over $ 11 billion of assets under management by customers, according to the US Securities and Exchange Commission (SEC), making it one of the largest independent robo-advisers in the US market. Reportedly, the company raised total funding of $ 65.5 million from its creation, from supporters such as Benchmark Capital, DAG Ventures, Index Ventures, Ribbit Capital, Benchmark Capital, Marc Andreessen, Ben Horowitz and Jeff Jordan.

On Friday, the SEC announced it had discovered that Wealthfront made false statements about a tax collection strategy that it offered to customers, claiming to monitor accounts for transactions that could trigger a sell-off, but had not done so. . In addition, Wealthfront "incorrectly republished" banned customer testimonials, bloggers paid for customer referrals without required disclosure and documentation, and did not maintain a reasonably designed compliance program to prevent violations of securities laws. "Without admitting or denying the SEC results, the company has agreed to pay a fine of $ 250,000.

Have you integrated your Coinbase account with Wealthfront? Share your experience in the comments section below.


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