Barefootwoman
Level 2 Member
Conceptually, I get the idea of how these services work - they run the analysis, make recommendations and then theoretically, you move your funds under their management - where they invest per the recommended AA, but here's the question I keep coming back to:
Many of us hold a significant part of our portfolio in an employer-tied 401K, we can't move those funds out of the plan, so it would seem to me that these portfolio managers (Betterment, Wealthfront, etc.) can't really manage the overall portfolio of many people.
What am I missing?
Many of us hold a significant part of our portfolio in an employer-tied 401K, we can't move those funds out of the plan, so it would seem to me that these portfolio managers (Betterment, Wealthfront, etc.) can't really manage the overall portfolio of many people.
What am I missing?