Wealthfront Corporation has launched a new Custodial Account designed to help parents save for their child’s future while automatically lowering the child’s tax burden through Tax-Gain Harvesting. The account, which requires a $500 minimum and carries a 0.25% annual advisory fee, invests in a globally diversified portfolio and is one of the only custodial accounts to offer automated tax-gain harvesting that can realize up to $1,350 in tax-free growth each year. To encourage adoption, Wealthfront is offering $100 in seed funding to clients who open and fund either a new Custodial Account or a 529 Education Savings Plan by July 23, 2026. The company noted that clients identified as parents maintain an average of $91,000 across their investment accounts, compared to about $27,000 for those without children, and that 529 account holders doubled their average balance from $30,000 to $60,000 over the past five years. The Custodial Account adds to Wealthfront’s family wealth management suite, which also includes 529 plans and joint and trust accounts, as the firm continues to build products that grow alongside clients through different life stages.
Wealthfront Corporation Common StockLaunches new Custodial Account with tax-gain harvesting feature