Thoughts on ‘self-driving money,’ day trading and product development from Wealthfront’s Andy Rachleff

Thoughts on ‘self-driving money,’ day trading and product development from Wealthfront’s Andy Rachleff

4 years ago
Anonymous $qOHwDUKgAF

https://techcrunch.com/2020/08/14/andy-rachleff-interview/

Andy Rachleff founded Wealthfront a decade ago to give investors a better and smarter way to manage their wealth, building on core academic research showing that a carefully balanced portfolio of low-fee ETFs outperformed more aggressive strategies. Since then, the company has taken in billions of dollars of invested capital under management and expanded into new banking services, including high-interest checking accounts.

Rachleff and I talked on Extra Crunch Live about where Wealthfront is heading as it speeds toward its second decade, how he sees the competition from other, more active trading platforms like Robinhood and his advice for startup founders looking to build enduring products and companies away from the daily status quo.