And Charles Schwabs: Wealthfront CEO Adam Nash posted a blog that may have reflected his personal tag line, “inevitably optimistic, slightly amusing, always talking,” but it was very misleading.
Adam wishes he could build a moat around Wealthfront and protect it against competition. But misrepresenting facts isn’t the way to do that. We’re excited about the launch of Schwab Intelligent Portfolios and know that consumers will kick the tires and see the great value that it offers. We encourage transparency and dialogue and that is why we encourage investors to learn more at intelligent.schwab.com and review the facts.