Wealthfront’s outspoken CEO steps down, quietly

Post on October 31, 2016

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“That said, it will be interesting to see if the change in leadership will be followed by a change in strategy,” McDermott says.

“A lot of major incumbent firms have recently entered the digital advice space, which may make it harder for Wealthfront to sustain its current growth trajectory relying solely on its existing direct-to-consumer business model. The commodification of automated managed accounts may spur Wealthfront’s leadership to explore a change in strategic direction. “

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