Just received an email from compliance that Wealthfront should be labeled as a brokerage account and needs to be closed. Anyone know how to work around this? Using it just for the cash savings account

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Lol good luck. Just divest...shouldn’t be too difficult if it’s your cash savings account

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Workaround is to open an account which is compliant with Deloitte independence( betterment?) transfer the cash there and close wealthfront account.

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That is 100% not a workaround 😂

likefunny

Just tell them that. Send them the link to the cash account with an explanation. Should be good enough.

Can’t you request an exception? Provide proof of no equities each year and call it a day?

You'll need to divest, there is no way around it. That noted, I do believe Goldman's Marcus account is fine. I personally us Schwab which is pretty good.

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