New LaunchJun 23, 2026, 01:08 PM
Wealthfront Launches Custodial Account with Tax-Gain Harvesting
AI Summary
Wealthfront Corporation announced the launch of its new Custodial Account, expanding its family wealth management offerings. This product provides a flexible way for parents to save for their child's future and features automatic Tax-Gain Harvesting to lower future tax burdens. To encourage adoption, Wealthfront is offering $100 in seed funding for new accounts opened and funded by July 23, 2026. The account requires a $500 minimum and has a 0.25% annual advisory fee, offering automated portfolio management and tax optimization.
Key Highlights
- Launched new Custodial Account for family wealth management.
- Features automatic Tax-Gain Harvesting to reduce future tax burdens.
- Offers $100 seed funding for new accounts opened by July 23, 2026.
- Requires a $500 minimum initial deposit.
- Charges a low annual advisory fee of 0.25%.
- Automates portfolio construction, rebalancing, and tax optimization.
- Aims to realize up to $1,350 in tax-free growth annually.
- Complements existing 529 Education Savings Plans and other offerings.
Price Impact
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