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They (wealthfront) got fined by the SEC for their tax loss harvesting not actually working for many clients...sooo... my gut says double check your statements & ask them to prove it’s working, if that’s the biggest value prop you want to get from those services
It definitely helped me offset earnings last year - ~$4k in losses harvested when the market corrected late last year, all of which offset other realized gains
I thought it helped, but it only helped because the algorithm keeps trading on minor changes, I gave up on both in 2017 and just stuck my money into 3 mutual funds and let it sit, because there are no sales, just as tax effective. Both services trade way way more than they need to - in 2017 my 1099 from Betterment was 43 pages, all I did was put in $250 per month.
Be careful with the robots, it’s a fad IMO, look at the big boys like Fidelity/Schwab - find a few good funds and just do the same investments
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