{"id":1608,"date":"2015-03-09T19:22:48","date_gmt":"2015-03-09T19:22:48","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/03\/wealthfront_ceo_claims_schwab"},"modified":"2022-03-22T12:50:33","modified_gmt":"2022-03-22T17:50:33","slug":"wealthfront-ceo-claims-schwab","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/wealthfront-ceo-claims-schwab\/","title":{"rendered":"Wealthfront CEO Claims Schwab is Fooling Investors Over \u201cFree\u201d Automated Investment Platform"},"content":{"rendered":"

Adam Nash, the CEO of Wealthfront, claims that Charles Schwab & Co. (SCHW) is deceiving investors by claiming that Intelligent Portfolios, its automated investing platform, is free. Nash, whose company competes with Schwab’s new service, contends that the platform will cost consumers thousands of dollars in opportunity expenses involving expensive “smart beta” exchange-traded funds and high cash allocations. These costs, he argues, are concealed in disclosure documents.<\/p>\n

Intelligent Portfolios lets consumers manage, rebalance, and oversee their portfolios through the Internet. The program allows investors to evaluate their goals and risk tolerances using specific questions. Investors must have at least $5,000 and they would get recommendations based on their responses.<\/p>\n

Algorithms are supposed to help clients build and maintain their portfolios in low cost ETFs with asset classes of up to 20. Intelligent Portfolios joins Wealthfront and Betterment in the robo-field for automated investing.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Adam Nash, the CEO of Wealthfront, claims that Charles Schwab & Co. (SCHW) is deceiving investors by claiming that Intelligent Portfolios, its automated investing platform, is free. Nash, whose company competes with Schwab’s new service, contends that the platform will cost consumers thousands of dollars in opportunity expenses involving expensive “smart beta” exchange-traded funds and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3840,3752],"tags":[],"class_list":["post-1608","post","type-post","status-publish","format-standard","hentry","category-charles-schwab","category-financial-firms"],"yoast_head":"\nWealthfront CEO Claims Schwab is Fooling Investors Over \u201cFree\u201d Automated Investment Platform — Investor Lawyers Blog — March 9, 2015<\/title>\n<meta name=\"description\" content=\"Adam Nash, the CEO of Wealthfront, claims that Charles Schwab & Co. 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