![]() ![]() "The Automated Bond Portfolio is a perfect example of how Wealthfront uses software to rethink consumer finance and develop products that help our clients achieve better financial outcomes. Wealthfront clients followed a similar trend: fixed-income purchases accounted for nearly half of the top 25 securities purchased in clients' external brokerage accounts in Q1 2023, an increase of 130% over Q4 2022. Approximately $200 billion flowed into bond ETFs in 2022, and the funds brought in over $28 billion in March alone. "We're excited to solve those pain points for our clients and expand our product suite to meet even more of our clients' saving and investing needs."īonds are growing in popularity amid rising interest rates, and many young savers witnessing their first attractive bond market are eager to take advantage. ![]() "Clients have been requesting an easier entry into bonds that helps them take advantage of the higher yields and lower risk without having to navigate a clunky interface or sacrifice liquidity," said Dave Myszewski, Wealthfront's Vice President of Product. It's an ideal place to save for near-term financial goals like a down payment on a house, an upcoming wedding or vacation, or a home renovation. ![]() Clients are particularly excited that Wealthfront will automatically build a personalized portfolio designed to maximize after-tax yield by recommending a tax-optimized allocation of bond ETFs based on an individual's income, state of residence, and tax filing status. Wealthfront's New Automated Bond PortfolioĪ first of its kind, the Automated Bond Portfolio uses a diversified mix of Treasury and corporate bond ETFs to provide a higher yield than savings accounts with less risk than investing in equities. ![]()
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