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This Week in Startups

E1002: Wealthfront CEO & Co-founder Andy Rachleff on hitting escape velocity at Wealthfront, pioneering “self-driving money” for consumers, shares insights on product-building in 1980’s vs. today, best investor attributes, & the future of NextGen banking

Nov 19, 2019
01:25:20
Snipd AI
Wealthfront CEO & Co-founder Andy Rachleff discusses pioneering 'self-driving money', Silicon Valley evolution, high-revenue retention, and the future of NextGen banking. Topics include the transition to comprehensive banking services, innovative financial strategies, data-driven underwriting, learning from failures, and the evolution of tech industry business strategies.
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Podcast summary created with Snipd AI

Quick takeaways

  • Wealthfront diversified into next-gen banking with high-yield cash accounts & automated financial planning.
  • Importance of working with fiduciary advisors ensures ideal fund recommendations for clients.

Deep dives

Evolution of Wealthfront's Services

Wealthfront has evolved from being an investment service to a next-generation banking service, offering an FDIC-insured high-yield cash account for short-term needs and a best-in-class investment service supplemented with automated financial planning. With a focus on mobile accessibility, Wealthfront aims to cater to short-term and long-term financial requirements.

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