Dan Carroll, Author at Wealthfront Blog https://www.wealthfront.com/blog/author/dan/ Personal Finance & Investing Insights Wed, 12 Jan 2022 01:12:27 +0000 en-US hourly 1 https://www.wealthfront.com/blog/wp-content/uploads/2019/09/cropped-wave-logo-transparent-hi-res-500x500.png Dan Carroll, Author at Wealthfront Blog https://www.wealthfront.com/blog/author/dan/ 32 32 Banks Are Having Their “Blockbuster Moment” https://www.wealthfront.com/blog/banks-are-having-their-blockbuster-moment/ Thu, 04 Jun 2020 13:00:00 +0000 https://www.wealthfront.com/blog/?p=13197 For many of us who came of age between the late 1980s and early aughts, Blockbuster Video is a pleasant memory. For roughly two decades, Blockbuster was a dominant force in the video rental industry. But despite this dominance, Blockbuster declared bankruptcy in 2010 and instead of operating 9,000 stores like it did in 2004, […]

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]]> COVID-19 Has Put Bank Digitization On Fast-Forward https://www.wealthfront.com/blog/covid-19-has-put-bank-digitization-on-fast-forward/ Thu, 14 May 2020 00:02:17 +0000 https://www.wealthfront.com/blog/?p=13087 Legacy banks aren’t known for their innovative digital products. We’ve said it before: despite their billion-dollar annual IT budgets, banks’ biggest recent innovation has been building smartphone apps that put limited ATM capabilities on your phone. You can check your balances and transfer money, but you can’t see a consolidated picture of all of your […]

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]]> Retail Branches Pose an Existential Threat to Banks https://www.wealthfront.com/blog/retail-branches-pose-an-existential-threat-to-banks/ Wed, 11 Dec 2019 20:38:01 +0000 https://www.wealthfront.com/blog/?p=12277 There’s a battle for branch expansion among banks in the U.S. today. Both J.P. Morgan and Bank of America, for example, have been duking it out to open a total of 180 new branches across the country this year alone as well as “modernizing” existing branches. This battle is completely misguided. It’s analogous to being […]

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]]> Why Banks Are About To Lose 50 Million Customers https://www.wealthfront.com/blog/why-banks-are-about-to-lose-50-million-customers/ Thu, 21 Nov 2019 17:53:00 +0000 https://www.wealthfront.com/blog/?p=12070 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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]]> Introducing Free Financial Planning https://www.wealthfront.com/blog/introducing-free-financial-planning/ Tue, 04 Dec 2018 13:51:13 +0000 http://www.wealthfront.com/blog/?p=9473 Wealthfront was founded with an audacious mission: to make sophisticated financial advice available to everyone. Over the past few years, we’ve built powerful and low-cost automated solutions that help our clients invest their money and meet their financial goals. Today, we’re excited to take a huge leap toward realizing our mission by launching free financial […]

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]]> How Automating Financial Advice Leads to Better Outcomes https://www.wealthfront.com/blog/2018-wealthfront-financial-planning-savings-report-automating-financial-advice/ Wed, 03 Oct 2018 15:17:24 +0000 http://www.wealthfront.com/blog/?p=9286 Wealthfront believes automating financial advice will lead to better outcomes. Our 2018 Financial Planning & Savings report shows how regular engagement with Path, our financial advice engine, correlates to an increase in a client's savings rate from 18.6% to 23.7% -- nearly a 28% increase in savings.

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]]> Oh, the Places You’ll Go! https://www.wealthfront.com/blog/time-off-travel/ Wed, 25 Jul 2018 16:58:47 +0000 http://www.wealthfront.com/blog/?p=8924 Get a job, work there for a few decades, retire at 62 and then reward yourself with travel. Does that sound like you? Didn’t think so. We believe you should live the life you want, not what others deem to be appropriate. Your job is to imagine the possibilities of your life, and our job […]

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]]> An Upgraded Path to College https://www.wealthfront.com/blog/an-upgraded-path-to-college/ Wed, 02 May 2018 16:00:41 +0000 http://www.wealthfront.com/blog/?p=8724 Last year, we added the ability for our clients with a 529 savings account to build a savings plan for their child’s future college expenses. We’ve spent time improving the service, so today we’re excited to open this feature to all clients – not just those with a 529 account! Whether you’re planning for the awesome kid you […]

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]]> Your Path to Homeownership https://www.wealthfront.com/blog/path-homeownership/ Mon, 29 Jan 2018 17:05:51 +0000 http://www.wealthfront.com/blog/?p=8339 If you’ve never owned a home, you’ve probably spent some time thinking about what you’d love to have someday. And if you already own a house, a growing family might mean it’s time to consider something bigger. So you start by casually stopping by some open houses or perusing some real estate sites online to […]

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]]> Path Gets Smarter (again!) https://www.wealthfront.com/blog/path-gets-smarter-again/ Wed, 20 Dec 2017 18:51:45 +0000 http://www.wealthfront.com/blog/?p=8259 Earlier this year we launched Path, our financial advice engine, because we believe software can do a better job of understanding where you are today and helping you get to where you want go in the future. We also believe financial planning should be easy and accessible. With Wealthfront, all you have to do is […]

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