Why Banks Are About To Lose 50 Million Customers

When I reflect on innovation in financial services, I’m reminded of a comment Paul Volcker made during the 2009 Future of Finance Initiative when he opined that the ATM was the only financial innovation that has improved society. Most of us don’t even remember a time when the ATM didn’t exist, but it completely revolutionized

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The Wealthfront Cash Account Now Has a 1.82% APY Following Fed Funds Rate Decrease

Today, the annual percentage yield (APY) on the Wealthfront Cash Account decreased from 2.07% to 1.82%. This change comes as a result of the Federal Reserve’s decision to once again lower the target federal funds rate by 0.25% to 1.75%.

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What Impacts the Rate We Can Pay on the Wealthfront Cash Account?

Over the last few months, we’ve had to lower the interest rate on the Wealthfront Cash Account each time the Federal Reserve lowered the target fed funds rate. This may lead you to assume the only time your rate will decrease is when the Federal Reserve makes a rate cut announcement.

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What So Many People Get Wrong About Tax-Loss Harvesting

What clients do understand and love about tax-loss harvesting is its simple value proposition: it can lower the taxes you pay. But too many people are getting something important wrong about this popular feature.

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