Wealthfront Home Lending is now available to all clients planning to buy or refinance a home in Washington.

Clients in California, Colorado, Texas and now Washington can secure rates ~0.50% under the national average–with Washington clients saving an average of $200 on monthly payments–all through a self-serve process with zero sales pressure. You can use our mortgage rate calculator to see your personalized rate estimate and projected monthly payments for new purchases and refinancing.

If you’re a resident in any of the above states and not yet a client (or know someone who isn’t), you can access our rates by opening any Wealthfront account.

What’s next:

We plan to expand to Florida, Illinois, and Oregon in the coming months. If you’re planning to buy a home in any of those states, you can sign up for the waitlist and we’ll let you know when Wealthfront Home Lending is available in your state.

And while we’re here, we wanted to share some frequently asked questions from clients:

How fast can you close?

How fast your loan closes varies based on the complexity of your loan and how quickly documents are uploaded and signed back to us. Our team and your assigned Loan Officer is dedicated to help you close as fast as possible by working proactively behind the scenes to eliminate bottlenecks and keep you aware of time-sensitive tasks to keep your loan on schedule.

Do you work on weekends?

While our team operates during standard business hours (9AM - 5:00PM PDT), our self-service platform gives you 24/7 control and flexibility to progress tasks for your mortgage application whenever it suits you. Additionally, every applicant is paired with a dedicated Loan Officer available via phone, text and email to guide you through key decisions, supported by our Mortgage Operations team to keep your loan moving forward seamlessly.

What type of pre-approval do you offer?

Our pre-approval process provides an early evaluation of income, asset and credit profile for your desired loan amount. Key features include:

• Streamlined Process: We make it easy to get pre-approved for our clients by pre-filling your application with your existing Wealthfront info and linked accounts.
• Self-Service Letter Generation: Instantly generate custom pre-approval letters up to your pre-approved amount in just a few clicks to match offer prices as you shop—no waiting on a Loan Officer.
• Smarter RSU Verification: Accelerated review of equity compensation so you can quickly unlock and understand your full purchasing power.

You can also check out our website for more information.

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Disclosures: All mortgage products are offered by Wealthfront Home Lending, LLC NMLS 2358115 NMLS Consumer Access. Loans made or arranged pursuant to a California Finance Lenders Law License.

Home loan availability will be subject to credit approval and applicable state and federal licensing requirements. Rates vary based on credit profile, loan terms and market conditions. Not all applicants will qualify for the lowest advertised rates. This communication is for information purposes only and does not constitute a solicitation for a loan or an offer to lend or extend credit. Equal Housing Opportunity.  Disclosures and Licenses.

Estimated monthly payment savings are for informational purposes only and represent the monthly payment difference between Freddie Mac Primary Mortgage Market Survey ® average for 30-year fixed-rate mortgages as of 8/7/2026 and Wealthfront Home Lending’s rate estimate based on 0.5% below the national average* rate benchmark. Calculations are based strictly on the monthly Principal and Interest (P&I) payments. They do not include property taxes, homeowners insurance, private mortgage insurance (PMI), or other applicable fees/escrow items which will increase your actual monthly obligation.

*Rate comparison based on Freddie Mac Primary Mortgage Market Survey® average for 30-year fixed-rate mortgages as of 8/7/2026. Rate available to qualified borrowers meeting the following criteria: 780+ FICO score, $750,000 purchase price, primary single-family residence in Austin, TX, 20% down payment, and payment of 1 discount point. Actual rates may vary. APR and additional terms apply. Not all borrowers will qualify.

All investing involves risk, including the possible loss of money you invest. Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser, and brokerage related products are provided by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), a Member of  FINRA/SIPC.

In case you may have missed any of these, here’s a quick round up of new products and features we’ve shipped this year, so far:

Investing Updates

→ Wealthfront Custodial Account: a new account type enabling you to invest with flexibility for your kids. It’s designed to automatically reduce your child’s future tax burden before they take ownership of the account.

→ 300+ new stocks and ETFs added to the Stock Investing Account, plus a redesigned search and the option to auto-reinvest dividends or automatically sweep them into your Cash Account.

→ Move your Individual Investing Account into a Joint Account without liquidating assets or triggering a taxable event.

Cash Account Updates

→ A higher base APY and an extra +0.25% boost if you set up a $1,000+ monthly direct deposit or set up recurring monthly deposits of $2,500 into any Wealthfront account and maintain a funded investing account.

→ More ways to automate categories and set savings goals. Updates include: routing interest into specific goals, setting up recurring transfers to specific categories, and tracking progress towards goals.

→ Passkey support so that you can sign in more securely using Face ID, Touch ID, or your device passcode.

Wealthfront Home Lending

→ Expanded access to clients in California, Colorado, and Texas with rates ~50 basis points below national averages.

 → Our rate calculator launched, providing you with upfront, personalized rate estimates without needing to speak to a loan officer.

Here's what's next:

→ Expanding Wealthfront Home Lending to Washington, Oregon, Illinois and Florida in the coming months.

→ Improving our Stock Investing Account, through supporting recurring buys (launched last week) as well as Joint and Trust account types (coming soon).

And there’s more on our blog.

Have questions about any of these updates? We’re happy to answer your general questions here or if you’re wondering about anything specific to your account, feel free to email us at support@wealthfront.com.

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Nothing in this communication should be construed as investment or tax advice. Investing involves risk, including loss of principal. Past performance is not a guarantee of future results.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Securities investments are not bank deposits, are not bank guaranteed or FDIC-insured and may lose value. Please see our Full Disclosure for important details.

The Stock Investing Account is a limited-discretion investment product offered by Wealthfront Advisers.

The Cash Account is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member of FINRA/SIPC. Neither Wealthfront Brokerage nor any of its affiliates are a bank, and the Cash Account itself is not a deposit account. The Annual Percentage Yield (“APY”) on cash deposits as of January 30, 2026 is representative, requires no minimums, and may change at any time. References to the APY for the Wealthfront Cash Account, including any increase in the APY, refer to the variable APY paid by the insured depository institutions participating in Wealthfront’s cash sweep program (“Program Banks”). Wealthfront sweeps available cash balances to the Program Banks, where the funds earn the applicable variable APY. Visit www.wealthfront.com/programbanks for details.

The Direct Deposit Plus Investing Program provides eligible clients a 0.25% annual percentage yield (“APY”) increase, considering all conditions are met, above the current base APY (paid by Program Banks) on total eligible Cash Account balances. Visit wealthfront.com/promo-terms for terms and conditions. Apple Pay, Face ID and Touch ID are trademarks of Apple Inc. Google Pay is a trademark of Google LLC.

Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser.

All mortgage products are offered by Wealthfront Home Lending, LLC NMLS 2358115 NMLS Consumer Access. Loans made or arranged pursuant to a California Finance Lenders Law License.
Home loan availability will be subject to credit approval and applicable state and federal licensing requirements. Rates vary based on credit profile, loan terms and market conditions. Not all applicants will qualify for the lowest advertised rates. 

This communication is for information purposes only and does not constitute a solicitation for a loan or an offer to lend or extend credit. Equal Housing Opportunity.  Disclosures and Licenses.

© 2026 Wealthfront Corporation.

We’ve expanded the eligibility requirements for earning a 0.25% APY increase on the cash in your Cash Account to include monthly recurring deposits from a linked external account, in addition to direct deposits. This update was made in response to client feedback, particularly from self-employed clients. 

Program details and eligibility:
To qualify for the +0.25% APY increase on the cash in your Cash Account(s), follow these two steps:

1. Maintain recurring deposits of $2,500 monthly into any Wealthfront Account or receive at least $1,000 in eligible direct deposits to your Cash Account per month.
2. Maintain a funded Wealthfront investment account.

How to set up recurring deposits
Eligible recurring deposits must be automated electronic transfers initiated through the Wealthfront app or website from a linked external account. Here’s how to set it up:

1. Log in to your Wealthfront profile.
2. Navigate to Transfer money > Deposit.
3. Select transfer From a linked external account To a Cash Account.
4. Adjust the frequency setting to a recurring schedule.

As a reminder, this APY increase incentive does not have an expiration date and can be combined with other promotional or referral APY boosts.

For more details, you can review the Recurring Deposit Program Promotion Terms and Conditions at wealthfront.com/promo-terms.

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Disclosure: Brokerage products, including the Cash Account, are provided by Wealthfront Brokerage LLC, a Member of FINRA/SIPC Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Investing involves risk, including the possible loss of principal, and past performance does not guarantee future results.

The Direct Deposit Plus Investing Program (“DDI Program”) from Wealthfront Advisers LLC (“Wealthfront Advisers”) and Wealthfront Brokerage LLC (“Wealthfront Brokerage”) collectively, “Wealthfront” provides eligible clients a 0.25% annual percentage yield (“APY”) increase above the current base APY (paid by Program Banks) on total eligible Cash Account balances. Wealthfront may change or end the program at any time and determines eligibility at its discretion. See the full terms and conditions for additional details.

To qualify, eligible clients must: (i) maintain a personal individual or joint Cash Account in good standing with at least $1,000 in settled and cleared recurring monthly ACH direct deposits of income or $2,500 or more in automated recurring electronic deposits from an external account into the Eligible Cash Account or an Eligible Investing Account, and (ii) maintain a funded personal, joint, or trust investing account in good standing with Wealthfront Advisers. The 0.25% APY increase applies only while these requirements continue to be met.

We’re happy to share that this Friday, 9/18, the base rate APY your cash earns in the Cash Account will be increasing to 3.55% from program banks.

Since the Federal Reserve just raised interest rates, we’re passing those savings onto you.

And as you most likely already know, you can boost your APY up to 4.55% for a limited time when you stack two rewards:

• Deposit and invest with us - maintain recurring monthly deposits (either a direct deposit of $1,000, or recurring deposits of $2,500 into any account) and a funded investing account. We’ll raise your APY by 0.25%—with no expiration date.
• Refer a friend - you know this one well, refer a friend, and you’ll both get a 0.75% boost on up to $150,000 for 3 months. See terms below.

Friendly reminder, please only post your referral codes in the ➡️ official monthly thread ⬅️

(any referral codes shared outside of the current monthly thread will be removed automatically by the automod).

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Disclosure: The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of September 18, 2026, is representative, requires no minimum, and may change at any time. References to the APY for the Wealthfront Cash Account, including any APY increase, are to the APY paid by insured depository institutions that participate in our cash sweep program (the "Program Banks”). Wealthfront Brokerage does not pay interest. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY.

Wealthfront’s Platform Referrals Promotion allows eligible, current clients to refer new clients. The referrer and new client can both earn a one-time 0.75% APY increase on up to $150,000 in their Cash Accounts for three months and/or a 0.50% match on up to $100,000 of eligible net deposits made into an eligible investment account with Wealthfront Advisers over a three-month period after making or receiving a qualifying account referral, subject to the Terms and Conditions and provided all applicable requirements are satisfied. Visit wealthfront.com/promo-terms for full Terms and Conditions.

The Recurring Deposit Plus Investing Program (the "Recurring Deposit Program")  from Wealthfront Advisers LLC (“Wealthfront Advisers”) and Wealthfront Brokerage LLC (“Wealthfront Brokerage”) collectively, “Wealthfront” provides eligible clients a 0.25% annual percentage yield (“APY”) increase above the current base APY (paid by Program Banks) on total eligible Cash Account balances. Wealthfront may change or end the program at any time and determines eligibility at its discretion. See the full terms and conditions for additional details.

To qualify, eligible clients must: (i) maintain a personal individual or joint Cash Account in good standing with at least $1,000 in settled and cleared recurring monthly ACH direct deposits of income or $2,500 or more in automated recurring electronic deposits on a monthly basis from an external account into the Eligible Cash Account or an Eligible Investing Account, and (ii) maintain a funded personal, joint, or trust investing account in good standing with Wealthfront Advisers. The 0.25% APY increase applies only while these requirements continue to be met.

You can now set up recurring buys of stocks or ETFs in your Stock Investing Account. 

To do so, login > click into your Stock Investing Account page > browse investments > select a ticker to buy > and our software will walk you through the flow. 

https://reddit.com/link/1wi2wtv/video/4hqhgihs6yph1/player

We know some of you have been waiting for this feature and we hope this is a helpful new way for you to manage your investments. 

Coming soon

Next month, we look forward to bringing you additional features like instant trading, limit orders, share-denominated orders, and 8,000+ additional stocks and ETFs. 

Have questions about this update? We’re happy to answer your general questions here. For specific questions about your account, please email us at support@wealthfront.com.

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Disclosure: This is not investment advice. Investing involves risk, including loss of principal. Past performance is not a guarantee of future results. Individual results will vary. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser.

Wealthfront Home Lending is now available to all clients looking to purchase a new home or refinance in California. 

With Wealthfront Home Lending, clients in California, Colorado, and Texas can access our self-serve platform to secure rates ~0.50% under the national average–with California clients saving an average of $260 on monthly payments–all through a self-serve process with zero sales pressure.

California residents who aren't yet clients can access these rates by opening any Wealthfront account.

You can use our mortgage rate calculator to access personalized rate estimates and projected monthly principal and interest payments for properties in all available states (CA, CO and TX).

Wealthfront Home Lending is coming soon to additional states. We plan to expand to Washington, Florida, Illinois, and Oregon in the coming months. If you’re planning to buy a home in any of those states, you can sign up for the waitlist [https://www.wealthfront.com/home-lending-waitlist/signup] and we’ll let you know when Wealthfront Home Lending is available in your state.

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Disclosures: All mortgage products are offered by Wealthfront Home Lending, LLC NMLS 2358115 NMLS Consumer Access. Loans made or arranged pursuant to a California Finance Lenders Law License.
Home loan availability will be subject to credit approval and applicable state and federal licensing requirements. Rates vary based on credit profile, loan terms and market conditions. Not all applicants will qualify for the lowest advertised rates. This communication is for information purposes only and does not constitute a solicitation for a loan or an offer to lend or extend credit. Equal Housing Opportunity.  Disclosures and Licenses.

Estimated monthly payment savings are for informational purposes only and represent the monthly payment difference between Freddie Mac Primary Mortgage Market Survey ® average for 30-year fixed-rate mortgages as of 8/7/2026 and Wealthfront Home Lending’s rate estimate based on 0.5% below the national average* rate benchmark. Calculations are based strictly on the monthly Principal and Interest (P&I) payments. They do not include property taxes, homeowners insurance, private mortgage insurance (PMI), or other applicable fees/escrow items which will increase your actual monthly obligation.

*Rate comparison based on Freddie Mac Primary Mortgage Market Survey® average for 30-year fixed-rate mortgages as of 8/7/2026. Rate available to qualified borrowers meeting the following criteria: 780+ FICO score, $750,000 purchase price, primary single-family residence in Austin, TX, 20% down payment, and payment of 1 discount point. Actual rates may vary. APR and additional terms apply. Not all borrowers will qualify.

All investing involves risk, including the possible loss of money you invest. Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser, and brokerage related products are provided by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), a Member of  FINRA/SIPC.

Hey folks, heads up that we’ll be performing planned maintenance on Saturday, August 8 from 6:00pm - 8:00pm PT. During this time, account logins and services will be unavailable. Thanks for your understanding.

If you have any questions in regards to your account, please feel free to email us at support@wealthfront.com

You can now set up a passkey to easily and more securely log in to your account. 

To create a passkey, open the Wealthfront app, go to your profile, and tap ‘Security’—or click here to get started.

https://i.redd.it/z5272ty0dmeh1.gif

If you’re wondering what a passkey is and why it’s more secure than a password:

• Passkeys let you sign in to your account the same way you unlock your phone—with your fingerprint, face ID, or passcode.
• You won’t need to remember multiple passwords. Your passkey will work across all your devices.
• Since passkeys don’t rely on SMS-based codes, they aren’t as affected by outages, or phone issues like international roaming.
• Passkeys have better phishing resistance than even the most complicated account passwords.

We know many of you have requested this feature and we’re excited to share this new and improved login experience with you. You can learn more about passkeys here and as always, let us know if you have any questions or feedback.

Disclosures:

Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Brokerage products are provided by Wealthfront Brokerage LLC, a Member of FINRA/SIPC. Nothing in this communication should be construed as investment or tax advice. Investing involves risk, including loss of principal. Past performance is not a guarantee of future results. Product images are for illustrative purposes and do not reflect individual experiences, account balances, or performance. Results may vary. © 2026 Wealthfront Corporation.

We’re working on some more educational content for the rest of this year and wanted to source ideas directly from here. Thanks to your previous suggestions, we developed some explainers on the topics below:

• What Wealthfront’s risk score means for your portfolio allocation
• Which taxable investing account is right for you

We’d love to hear your ideas on other topics we should explain next. Some questions around our products we haven’t previously covered are:

• Benefits and tradeoffs of keeping your funds in the Cash Account vs a Certificate of Deposit
• The mechanics of Tax-Loss Harvesting 
• Money Market Funds vs Bond ladders vs Bond portfolios vs Inflation
• Where to save for each type of goal (emergency fund, down payment, retirement, etc.)
• Passive investing strategy

Feel free to comment with anything you’ve found confusing, overly technical, or just want more insight on and if it’s helpful, we can come back and share some more explainers.

Keep in mind that we can’t provide any individual investment advice or recommendations.

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Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Brokerage products are provided by Wealthfront Brokerage LLC, a Member of FINRA/SIPC.

Today we launched the Wealthfront Custodial Account. This new account provides a simple and flexible way for parents to save for their child’s future, and it’s one of the only custodial accounts that’s designed to automatically lower the child’s future tax burden through Tax-Gain Harvesting. For a limited time, we’re offering a $100 seed contribution for clients who open either a new Wealthfront Custodial Account or a 529 Account.

https://i.redd.it/rbtre5m8129h1.gif

How does Wealthfront’s Custodial Account work?

When you open a Custodial Account, we’ll set your child up with a globally diversified portfolio of low-cost index funds designed to soften the impact of the market’s ups and downs. Our software also works to reduce your child’s future taxes through our automated Tax-Gain Harvesting. You can choose between three levels of risk; low, medium or high and our software will automatically help keep your portfolio balanced with your preferred risk level. You can also customize your child’s portfolio by adjusting asset allocations and adding or removing specific ETFs. 

Who is a Custodial Account right for?

A Custodial Account is a great choice for parents that want the flexibility to help their child with future life expenses, no matter what path the child ends up choosing. It’s worth remembering that once your child reaches the age of transfer (as early as 18, but varies by state), how they use their funds is up to them. 

In addition to the flexibility of Custodial Accounts, they’re also a great way to teach your child about investing before it becomes theirs to manage. Watching the account grow over time can help them understand how compounding works in practice and a diversified portfolio in particular can illustrate how markets change year to year, busting the myth that an asset class that performs well today will always continue to do so. 

How does Wealthfront help lower taxes with a Custodial Account?

We look to help lower your child's future taxes by automatically taking advantage of available tax benefits. For example, children can generally receive up to $1,350 of unearned income (such as interest, dividends, and capital gains) each year without owing federal income tax. In addition, another $1,350 of long-term capital gains and qualified dividends may qualify for a 0% federal tax rate. Our software aims to take advantage of these limits by realizing gains when they can be taxed at a low or 0% federal tax rate (assuming your child doesn't have significant earned income or additional investment income elsewhere).

When gains are realized, the investment's cost basis increases. A higher cost basis means less taxable gain when the investment is sold in the future (assuming it appreciates in value). As a result, your child may owe less tax later in life, when they're more likely to be in a higher tax bracket.

This strategy is known as Tax-Gain Harvesting. If you're familiar with Tax-Loss Harvesting, it's a similar concept with a different goal: Tax-Loss Harvesting seeks to reduce taxes in the short term by realizing losses, while Tax-Gain Harvesting seeks to reduce taxes in the future by realizing gains when they can be taxed at a low or 0% federal tax rate. By resetting the purchase price higher, you can help reduce the tax bill your child may face on that investment down the road when it's sold.

Head over to our blog to learn more about Wealthfront’s Custodial Account incl. how it stacks up against a 529 Account.

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Nothing in this communication should be construed as investment or tax advice. Investing involves risk, including loss of principal. Past performance is not a guarantee of future results. Wealthfront Advisers LLC and affiliates do not provide legal or tax advice and are not liable for tax consequences of client transactions. Please consult a personal tax advisor. You are responsible for reporting transactions to the IRS or other taxing authorities.

Custodial accounts (UGMA/UTMA) come with significant limitations. Contributions to a custodial account are irrevocable gifts, meaning once assets are moved into these accounts, they belong to the beneficiary and cannot be reclaimed by the donor for any reason. You also can't rename the beneficiary or use the assets for another person. Custodians have a fiduciary duty to use funds exclusively for the beneficiary's benefit. Legal control of the assets automatically transfers to the beneficiary upon reaching the age of termination (typically 18 to 25, depending on the state), at which point they may use the funds for any purpose, regardless of the custodian’'s original intent. These accounts can also negatively impact financial aid eligibility because the assets are owned by the beneficiary. They are weighted more heavily than parental assets in financial aid formulas, which may significantly reduce eligibility for need-based financial aid.

From a tax perspective, Custodial accounts are not tax-deferred; they are subject to "Kiddie Tax" on unearned income above certain thresholds. For the 2026 tax year, the first $1,350 of a child's unearned income is tax-free, the next $1,350 is taxed at the child's marginal rate, and any amount over $2,700 is taxed at the parents' marginal rate. Contributions must adhere to federal gift tax rules ($19,000 for individuals or $38,000 for a married couple in 2026). Any contributions over the gift tax exclusion may be subject to gift tax. Keep in mind, these figures can change.

Tax-Gain Harvesting is intended to help a beneficiary utilize the 0% federal long-term capital gains tax rate available under the Kiddie Tax rules to potentially reduce future federal tax liability. The effectiveness of this strategy is entirely dependent on the beneficiary’s total unearned income for the tax year (this includes any unearned income outside of Wealthfront) and their current qualification under the Kiddie Tax rules (age, any earned income, and student status). The benefit achieved may be limited or eliminated by a client’s specific tax situation. While the strategy aims to realize gains federal-tax-free, state and local taxes may still apply. Wealthfront will harvest less for Clients with beneficiaries residing in states with lower unearned income thresholds to help avoid creating additional state tax filing requirements. The transaction, which involves selling and immediately reinvesting, may result in gains exceeding the client’s selected harvesting limit due to market volatility or late-arriving dividends. 

The $100 Seed Funding promotion is for new and existing clients of Wealthfront Advisers and requires opening a new Custodial or 529 Account during the "Account Opening Window" (June 23, 2026, through 11:59pm EST on July 23, 2026) and meeting the minimum initial deposit by the "Funding Deadline" (11:59pm EST on August 23, 2026). Additional Terms and Conditions apply. For full details, please review the Custodial & 529 Incentive promotion at wealthfront.com/promo-terms.

Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Brokerage products are provided by Wealthfront Brokerage LLC, a Member of FINRA/SIPC.

150+ new stocks (including SpaceX) are now available in the Wealthfront Stock Investing Account. You can see a list of the new additions in your Stock Investing Account by clicking "Browse investments" > "Newly added". 

In general, our Stock Investing Account supports stocks that are members of the CRSP US Total Market Index, as long as they have a minimum share price of $2 and an average daily trading volume of at least $4 million. Our team monitors potential new stocks on a rolling basis and adds them to the platform when they meet our criteria.

Additionally, as we shared in this recent explainer, clients with US Direct Indexing (USDI), Nasdaq 100 Direct, or S&P 500 Direct who prefer not to hold any particular stock in their Direct Indexing portfolios can put it on their restricted list.

Here are answers to some of the top questions we’ve seen about what the expected IPOs of SpaceX, Anthropic, and OpenAI might mean for investors and Wealthfront’s products. 

How could the expected IPOs impact Wealthfront portfolios?

Before we get into the details, it’s helpful to remember that Wealthfront offers direct indexing products tracking three major indices that could hold any of the companies mentioned above after they go public:

• CRSP US Total Market Index: Used in our US Direct Indexing (USDI) strategy available in Automated Investing accounts with a balance over $100,000, this index contains large, medium, and small US stocks covering about 98% of the total US equity market. 
• S&P 500® Index: This index contains about 500 of the largest US companies and covers about 80% of the total US market.
• Nasdaq-100 Index®: This index contains about 100 of the largest non-financial companies listed on the Nasdaq exchange.

In addition to these strategies, Wealthfront supports investments in a variety of ETFs that could hold the stocks as well.

We generally expect any fund tracking an index to buy the stocks in the index it tracks as they are added (maintaining performance close to the underlying index is a primary concern for index funds). Each index has its own rules for eligibility, so whether or not, or how quickly, SpaceX (or any other stock) is added to a given index depends on that index’s rules. 

How could the expected IPOs impact Wealthfront’s Direct Indexing?

Clients with USDI, Nasdaq-100 Direct, or S&P 500 Direct will see their accounts purchase the stocks of these potential new IPOs (or any other stock) when they enter the indices being tracked. Importantly, we will not realize gains in other stocks in order to do so. Purchases of the new IPOs will be done tax efficiently using cash from deposits, dividends, or tax-loss harvesting, which is how our Direct Indexing strategies treat all new stock additions to these indices. 

Clients who don’t want to hold a particular stock in their Direct Indexing portfolios can put it on their restricted list. Wealthfront attempts to get IPO stocks into our systems as soon as possible (and SpaceX is already in our system), so you have plenty of time to add them to your restricted list, if you care to.

• Important note: Wealthfront won’t buy or sell restricted stock. Adding a stock to your restricted list after it’s already in your portfolio means our software won’t buy more, but it won’t sell what you already hold.

How could the expected IPOs impact Wealthfront’s Automated Investing Account?

The two main US stock ETFs in Wealthfront’s recommended portfolio allocations (VTI and ITOT) track indices from CRSP and S&P, respectively. VTI tracks the CRSP US Total Market Index, the same index used by Wealthfront’s USDI. ITOT tracks the S&P Total Market Index, which will keep a free float requirement of at least 10%, but does not have the same financial viability or trading history requirements as the S&P 500®. It’s important to note that both indices determine weighting using free-float market capitalization. 

Clients can also customize their Automated Investing Account by choosing from over 200 ETFs, many of which are index-based. For example, the QQQM and QQQ ETFs track the Nasdaq-100 Index®, and we expect that these funds will purchase SpaceX when it’s added to the index (as we would expect for any stock). 

How could the expected IPOs impact Wealthfront’s Stock Investing Account?

SpaceX stock will be available for purchase the first trading day after listing, and we expect the same availability for Anthropic and OpenAI. Clients are also able to purchase the above mentioned ETFs directly in their Stock Investing Account at any time.

Should I adjust my portfolio's risk level to reduce volatility when a highly anticipated stock joins an ETF?

We recommend adjusting your risk level only when your personal financial goals or investment timeline change, rather than in response to macroeconomic or stock market events.

Your Automated Investing Account is invested in broad-market ETFs, which means your exposure to any single stock, even a highly anticipated one like SpaceX, is spread across thousands of companies. This built-in diversification is specifically designed to insulate your portfolio from the volatility of any one business. 

It is also worth noting that lowering your risk score does not swap out or exclude specific individual stocks inside an index, or a Direct Indexing portfolio or ETF tracking that index. Your risk score controls your asset allocation, not the specific holdings inside those asset classes. Decreasing your risk score simply shifts your overall portfolio mix away from equities as a whole (such as US and foreign stocks) and moves it into more conservative, lower-volatility asset classes like municipal or corporate bonds. We explained more on this in our previous post on risk scores.

Lowering your risk score won't alter the internal makeup of the US stock index itself. Doing so to avoid a specific stock would needlessly reduce your exposure to the entire US equity market, a move that functions as a form of market timing and can disrupt your long-term returns. 

Should the expected IPOs change my investing strategy?

Our advice to index investors: don’t let the headlines prevent you from continuing with your investing strategy. These IPOs will not change the long-term benefits of index funds, and if they are added to the indices, your portfolio will remain diversified across a large number of stocks in the index.  

For investors planning to directly purchase stock in these upcoming IPOs (or any other IPO), it’s important to remember that the stocks of recently public companies are often volatile. We believe single stock bets should be one small part of a broader diversified portfolio, and that investors are better off investing in a diversified portfolio of index funds than trying to predict the future trajectory of one (or any) large, buzzy IPOs. 

Let us know if you have additional questions on this topic and we’ll do our best to answer.

Disclosures:

The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. Nothing in this communication should be construed as a solicitation, offer or recommendation to buy or sell any security or to open any account. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront Advisers, Wealthfront Brokerage or any affiliate endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

Initial public offerings (IPOs) can be risky and speculative investments, and may not be appropriate for every investor. Investing in IPOs involves significant risks that may lead to substantial loss of your original investment. These risks include, but are not limited to, price volatility, limited information on the issuer, and potential overvaluation and/or dilution of the initial trading price. Investors should carefully review the offering prospectus to determine if an IPO aligns with their financial situation and risk tolerance before investing.

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Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management of an actual portfolio.

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Trump Accounts are expected to launch July 4. Eligible kids born between 2025–2028 can receive $1,000 in seed funding to help them start building wealth. But they're not the only option for parents who want to help their kids get a strong financial start in life.

In this post, we’ll explain the ins and outs of Trump Accounts and who can likely benefit from them the most. We’ll also compare them to two other popular savings vehicles used by parents: 529 plans and custodial accounts, and walk through how to think about combining them for your unique situation. 

What are Trump Accounts?

You can think of Trump Accounts as retirement accounts you can open for your child (or children) under the age of 18, as long as they are US citizens with a valid SSN. If their birthday falls between January 1, 2025 and December 31, 2028 then they’ll also be eligible to receive a $1,000 starting investment from the US Treasury. When your child reaches the age of 18, the account converts into a traditional IRA in their name (they can also convert the traditional IRA to a Roth IRA) which they can access without penalties at age 59.5. However, they can also make withdrawals for certain purposes (like education or buying their first home—full list here) before then without incurring penalties. The launch of Trump Accounts marks the first time kids will be able to access their own IRAs without having their own earned income to contribute.

Here are the highlights at a glance:

What are 529 plans? 

529 plans are one of the most popular ways to save for a child’s education, and they offer appealing tax advantages. Contributions are tax-deductible in some states, and the only real limit is the gift tax exclusion limit (currently $19,000 in 2026, but this limit can change yearly based on inflation). However, you can get around this limit by “superfunding,” or making up to five years’ worth of contributions at once in order to get the most out of compounding and tax-advantaged growth. Growth and withdrawals are tax-free when used for qualified education expenses. 

While 529s are specifically for educational expenses, they can be used to cover more than you might think, including K-12 education, vocational school, and student loans. If you have money left over after your child’s education is paid for, you can change the beneficiary of the account or roll up to $35,000 of what’s left into a Roth IRA for your child 

Here are the highlights at a glance:

What are custodial accounts? 

Custodial accounts, a category that includes Uniform Transfer to Minors Act (UTMA) accounts and Uniform Gift to Minors Act (UGMA) accounts, offer a way to set aside money for your child that becomes theirs after they hit the age of transfer (this is commonly on their 18th birthday but can happen later depending on the state). Many parents treat them as an opportunity to teach their kids about investing from a young age, a kind of launchpad for what will eventually help them continue to invest in the future. 

These accounts are far more flexible than a 529 or a Trump Account in terms of what you can use them for. They have no contribution limits, and offer more investment options than Trump Accounts (which is arguably better for teaching young investors about diversification). However, you lose control over the use of funds, once the account transfers to the child, unlike a 529 plan. As of 2026, the first $1,350 in dividends, interest, and capital gains realized in the account are tax-free each year and the next $1,350 are taxed at your child’s rate. Any annual dividends, interest, and realized capital gains over $2,700 are taxed at your tax rate—this is known as the Kiddie Tax, and limits can change annually based on inflation. 

Here are the highlights at a glance:

How to think about combining them:

The free $1,000 seed money in the Trump Account is the obvious starting point if your child qualifies. Think of it like not leaving your 401(k) match on the table. From there, it depends on what you're trying to accomplish:

• Primarily saving for education? Layer in a 529.
• Want to give your kid a flexible financial head start? A custodial account may be the right move.
• Trying to maximize everything? You can start with the Trump Account seed money, superfund a 529 if education costs are likely, then use a custodial account for additional flexibility.

Generally, you’ll notice there’s a tradeoff between tax advantages and flexibility. Your perfect mix of accounts doesn’t necessarily look like anyone else’s—it’s all about personal preference and your tax situation (and it’s worth talking to a tax advisor about this, too). 

Let us know what other questions you have on these account types—we published a full breakdown on the Wealthfront blog if you’d like to go deeper.

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Disclosures

Nothing in this communication should be construed as investment or tax advice. Links to other sites are provided for convenience only. Wealthfront Advisers or its affiliates don't endorse, sponsor, promote, or are affiliated with these sites, their owners, or their content, unless expressly stated. Investing involves risk, including loss of principal. Past performance is not a guarantee of future results. Wealthfront Advisers and affiliates do not provide legal or tax advice and are not liable for tax consequences of client transactions. Please consult a personal tax advisor. You are responsible for reporting transactions to the IRS or other taxing authorities.

Custodial accounts (UGMA/UTMA) come with significant limitations. Contributions to a custodial account are irrevocable gifts, meaning once assets are moved into these accounts, they belong to the minor and cannot be reclaimed by the donor for any reason. You also can't rename the beneficiary or use the assets for another person. Custodians have a fiduciary duty to use funds exclusively for the minor's benefit. Legal control of the assets automatically transfers to the beneficiary upon reaching the age of termination (typically 18 to 25, depending on the state), at which point they may use the funds for any purpose, regardless of the custodian’'s original intent. These accounts can also negatively impact financial aid eligibility because the assets are owned by the child. They are weighted more heavily than parental assets in financial aid formulas, which may significantly reduce eligibility for need-based financial aid.

From a tax perspective, these accounts are not tax-deferred; they are subject to "Kiddie Tax" on unearned income above certain thresholds. For the 2026 tax year, the first $1,350 of a child's unearned income is tax-free, the next $1,350 is taxed at the child's marginal rate, and any amount over $2,700 is taxed at the parents' marginal rate. Contributions must adhere to federal gift tax rules ($19,000 for individuals or $38,000 for a married couple in 2026). Any contributions over the gift tax exclusion may be subject to gift tax. Keep in mind, these figures can change. Wealthfront Advisers and affiliates do not provide legal or tax advice and are not liable for tax consequences of client transactions. Please consult a personal tax advisor regarding your individual situation.

Trump Accounts involve financial risks and structural limitations. Capital is restricted to low fee US index funds or ETFs, which limits asset allocation flexibility and prevents customization. All funds in the account are illiquid and are generally locked with no early withdrawal options until the child reaches age 18. Upon adulthood, the mandatory conversion to a Traditional IRA subjects the capital to retirement regulations; consequently, distributions before age 59½ may trigger penalties and ordinary income taxes. Furthermore, these accounts may be subject to political and regulatory risks that could alter tax advantages, match structures, or program rules through future congressional actions or policy shifts.

529 Accounts*: You should consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances before investing in a 529 plan. You also may wish to directly contact your home state’s 529 plan(s), or any other 529 plan, to learn more about those plans’ features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. Earnings on nonqualified withdrawals are subject to federal income tax and may be subject to a 10 percent federal tax penalty, as well as state and local income taxes. The availability of tax and other benefits may be contingent on meeting other requirements.*

Investment management and advisory services are provided by Wealthfront Advisers LLC ("Wealthfront Advisers"), an SEC-registered investment adviser. Brokerage products are provided by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), a Member of FINRA/SIPC.

You can now move your individual investing account into a Joint Account without liquidating assets or triggering a taxable event. 

How the process works:

• When you change the account ownership, we’ll create a new co-owned account and automatically transfer your assets. This should take about 2 business days, and once it’s complete we’ll close your old account.
• Your assets are transferred in-kind to the Joint Account without triggering a sale or tax event.
• As demonstrated in the product flow below, you can initiate this process directly from the Wealthfront app.

https://i.redd.it/7fifa6syxdzg1.gif

Up next: You’ll soon be able to move an Individual or Joint Investing Account into a Trust Account.

Let us know if you have questions on this new feature.

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Disclosure: Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Nothing in this communication should be construed as investment or tax advice. Investing involves risk, including loss of principal. Past performance is not a guarantee of future results. Product images are for illustrative purposes and do not reflect individual experiences, account balances, or performance. Results may vary. © 2026 Wealthfront Corporation.