Wealthfront Launches Tax-Efficient Custodial Account with $100 Seed Funding, Expands Family Wealth Management Offering
Wealthfront launched a new Custodial Account to help parents save for their children, featuring a $100 seed funding promotion and automated Tax-Gain Harvesting. The account has a $500 minimum and a 0.25% advisory fee, targeting a demographic facing over $300,000 in costs to raise a child to age 18.
Key figures
- Minimum deposit
- 500
- Seed funding amount
- 100
- Advisory fee percent
- 0.25
- Cash account apy promo
- 4.20%
- Average balance parents
- 91000
- Tax free growth threshold
- 1350
- Avg 529 balance growth end
- 60000
- Average balance non parents
- 27000
- Avg 529 balance growth start
- 30000
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.