Today, Wealthfront announced that clients who use their Wealthfront Cash Account to invest in a Wealthfront Investment Account can have their money invested in the market within minutes. Wealthfront clients who direct deposit their paycheck into the Wealthfront Cash Account can already get paid up to two days early, and today’s announcement is the next step in the company’s efforts to put their clients’ hard earned money to work for them immediately.
“Time spent in the market is one of the most important things for long-term investors, so we’re excited to be able to give our clients’ money more days to enjoy the power of compounding interest,” said Dan Carroll, co-founder and Chief Strategy Officer at Wealthfront. “At Wealthfront, we’re building an entirely new financial ecosystem that puts the client first and we believe the outcome will have an enormously positive impact on the wealth accumulation possibilities for Millennials and Gen Z.”
When combined with the ability to get paid up to two days early, Wealthfront clients are able to unlock over 100 extra days in the market. Wealthfront clients can also use Wealthfront’s automation services to automatically carry out their savings strategy, allowing all money movement to happen in the background without them needing to lift a finger.
Wealthfront is on a mission to build a financial system that favors people, not institutions. The team will continue to reinvent banking and investing services so the system works more efficiently, delivers more value and provides more opportunities for wealth creation among young professionals.