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Wealthfront Brings Tax Efficiency to Index-Based Investing with New S&P 500 Direct Portfolio

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Wealthfront’s new S&P 500 Direct portfolio combines the performance of the S&P 500® with the added benefit of tax savings and is available for just 0.09% – the same price as the most popular ETF that tracks the S&P 500®

PALO ALTO, Calif., Dec. 17, 2024 /PRNewswire/ — Wealthfront, a tech-driven financial platform for young professionals, today announced a new product that combines the performance of the S&P 500® with the added tax benefits of automated tax-loss harvesting for the same price as the most popular ETF that tracks the S&P 500®. Wealthfront’s new S&P 500 Direct portfolio is available for a low 0.09% fee – the same expense ratio as the leading SPDR® S&P 500® ETF Trust – and investors can get started with $20,000.

“Wealthfront has long been a leader in tax optimization, with services like our automated Tax-Loss Harvesting that has captured over $3.4 billion in harvested losses since its launch, which could be worth an estimated $1.19 billion in tax savings for our clients,” said Dave Myszewski, Vice President of Product at Wealthfront. “Today’s launch combines our powerful Tax-Loss Harvesting expertise with the performance of the S&P 500® index, and is another example of how we use software to lower costs and deliver more value to the next generation of investors.”

Wealthfront’s S&P 500 Direct portfolio offers more tax benefits than investing in a single ETF that tracks the performance of the S&P 500® because it allows clients to directly hold shares of companies in the index, and uses automated Tax-Loss Harvesting to capture losses from daily price movements in those stocks even when the index is up overall. This new portfolio is ideal for investors who want exposure to the S&P 500® and have gains from stock compensation because it is designed to generate enhanced tax savings. Harvested losses can be used to offset capital gains, and any remaining losses can offset up to $3,000 in ordinary income. Any unused losses carry over indefinitely to future years.

Wealthfront’s S&P 500 Direct product is based on the S&P 500® Index, which is licensed by S&P Dow Jones Indices (S&P DJI). “As an independent index provider with more than a century of experience in creating iconic and trusted market benchmarks, S&P DJI is excited to provide its market-leading index and related data to Wealthfront for the first time,” said Brandon Hass, Head of Direct Indexing and Model Portfolios at S&P DJI. “Through this licensing arrangement, S&P DJI will be able to deliver the S&P 500® index, widely known as the best single gauge of the U.S. equity market, on the Wealthfront platform to market participants interested in tax-loss harvesting solutions, which continue to become increasingly popular in the digital wealth solutions space due to their enhanced tax benefits and highly customizable nature.”

Wealthfront’s product-led growth strategy continues to pay off and the company currently oversees nearly $80 billion for over 1 million clients. Today’s launch caps off a year of multiple product expansions, including a first-of-its-kind Automated Bond Ladder that makes it easy to invest in a ladder of US Treasuries and lock in a competitive yield with zero state taxes. The company also recently made available free, instant withdrawals and removed wire fees for its award-winning Cash Account offering 4.25% APY and up to $8M FDIC insurance, on deposits through partner banks. For more information on Wealthfront’s S&P 500 Direct portfolio visit www.wealthfront.com/sp500-direct. 

About Wealthfront
Wealthfront is a tech-driven financial platform built to help young professionals turn their savings into long-term wealth. Through software, the company delivers cash management, diversified ETF and bond investing, zero-commission stock investing, and low-cost loans to help sophisticated and new investors learn, lower costs, and grow wealth. Wealthfront is one of the highest-rated financial apps in the Apple App Store and has been named Best Automated Investment App, Best Overall Robo-Advisor, and Best Robo-Advisor in the Portfolio Construction, Portfolio Management, and Goal Planning categories by Investopedia (2024), Best Cash Management Account and Best Investing App by Bankrate (2024), and Best Robo-Advisor for Portfolio Options by NerdWallet (2024). The company currently oversees nearly $80 billion for over 1 million clients in the US. To learn more please visit www.wealthfront.com or download the app on the App Store or Google Play.

Disclosures

The S&P 500® (the “Index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates (“S&P DJI”) and/or their third-party licensors and has been licensed for use by Wealthfront. S&P®, S&P 500®, SPDR®, US 500™, The 500™, are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); third party licensor trademarks in the Index, if any, are trademarks of the respective third party licensors. The S&P 500 Index and S&P 500® have been licensed for use by S&P DJI and sublicensed for certain purposes by Wealthfront. Wealthfront’s statements are not endorsed by and Wealthfront’s products are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, or their third-party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Index.

The reference to SPDR® as the most popular ETF that tracks the S&P 500® comes from VettaFi: https://etfdb.com/compare/market-cap/  

The effectiveness of the tax-loss harvesting strategy to reduce the tax liability of the client will depend on the client’s entire tax and investment profile, including purchases and dispositions in a client’s (or client’s spouse’s) accounts outside of Wealthfront Advisers and type of investments (e.g., taxable or nontaxable) or holding period (e.g., short-term or long-term).

Tax-loss harvesting involves certain risks, including, among others, the risk that the new investment could have higher costs than the original investment and the strategy could introduce portfolio tracking error into your account. Tracking error is a measure of financial performance that determines the difference between the return fluctuations of an investment portfolio and the return fluctuations of a chosen benchmark. There may also be unintended tax implications. In addition, tax loss harvesting strategies may produce losses, which may not be offset by sufficient gains in the account and may be limited to a $3,000 deduction against income.

Wealthfront Advisers and its affiliates do not provide legal or tax advice and do not assume any liability for the tax consequences of any client transaction. Clients should consult with their personal tax advisors regarding the tax consequences of investing with Wealthfront Advisers and engaging in these tax strategies, based on their particular circumstances.

Wealthfront Advisers is compensated for its advisory services by charging an annual account fee of 0.09% on the net market value of a Client’s account.

Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management of an actual portfolio.

The Cash Account is offered by Wealthfront Brokerage LLC, Member of FINRA/SIPC. Wealthfront Brokerage is not a bank. We convey funds to partner banks who accept and maintain deposits, provide the interest rate, and provide FDIC insurance. The APY rate is as of December 4, 2024 and is subject to change. Investment management and advisory services–which are not FDIC insured–are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser.

The information contained in this communication is provided for general informational purposes only, and should not be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance.

Investopedia receives cash compensation for referring potential clients to Wealthfront Advisers, LLC (“Wealthfront Advisers”) via advertisements placed on their website which could create an incentive creating a material conflict of interest. While they receive compensation for referring potential clients, the statements and rankings provided above represent independent endorsements by Investopedia, which are not directly tied to such compensation. Investopedia and Wealthfront Advisers are not associated with one another and have no formal relationship outside of this arrangement. Investopedia’s opinions are their own. Their ratings are determined by their editorial team. Investopedia is not a client of Wealthfront Advisers. Investopedia designed a system that rates robo-advisors based on nine key categories and 59 variables. Each category covers critical elements users need to thoroughly evaluate a robo-advisor. The ratings reflect data and evaluations for the 12-month period ending in February 2024. Learn more about their methodology and review process. Investopedia ranking as of March 2024.

Bankrate receives cash compensation for referring potential clients to Wealthfront Advisers, LLC (“Wealthfront Advisers”) and Wealthfront Brokerage, LLC (“Wealthfront Brokerage”) via advertisements placed on their website which could create an incentive creating a material conflict of interest. While they receive compensation for referring potential clients, the statements and rankings provided above represent independent endorsements by Bankrate, which are not directly tied to such compensation. Bankrate and Wealthfront are not associated with one another and have no formal relationship outside of this arrangement. Bankrate’s opinions are their own. Their ratings are determined by their editorial team. Bankrate is not a client of Wealthfront Advisers. Bankrate designed a methodology that evaluates app-based financial services—including robo-advisors, brokerages, and mobile-only platforms, assessing overall experience, features offered and total value proposition to the investor. Best Investing App 2023 was awarded on January 10, 2023 based on data and evaluations over the 12-month period ending in December 2022. Bankrate also designed a methodology that evaluates non-bank cash accounts, evaluating APYs, checking features, service fees, minimum deposit and balance requirements and other factors. Best Cash Management Account 2024 was awarded on December 12, 2023 covering the 2023 calendar year. Wealthfront pays an annual license fee to use Bankrate’s awards in marketing materials. Learn more about their methodology and review process.

Nerdwallet receives cash compensation for referring potential clients to Wealthfront Advisers, LLC (“Wealthfront Advisers”) via advertisements placed on their website. Nerdwallet and Wealthfront Advisers are not associated with one another and have no formal relationship outside of this arrangement. Nerdwallet’s opinions are their own. Their ratings are determined by their editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities. Nerdwallet ranking as of June 2024.

Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser, and brokerage related products, including the Cash Account, are provided by Wealthfront Brokerage LLC, a Member of FINRA/SIPC.

Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.

The figures referenced in Dave Myszewski’s quote were from our blog posts published on 4/14/23 and 4/11/24. Regarding the $3.4 billion in harvested losses over the last decade, $256 million was harvested in 2023, and $2.7 billion harvested over the last 5 years. Assuming a combined 37.5% marginal tax rate, the losses harvested over the last decade could be worth an estimated $1.19 billion in tax savings to clients. For more information on tax-loss harvesting, read our whitepaper.

Media contact:
Elly Stolnitz
press@wealthfront.com
603-660-8762

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Insurance Expert Steven Barber Explains Hail Damage Insurance Claims for Homeowners in HelloNation

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The article explains how homeowners can document hail damage, review roof coverage, and understand insurance deductibles before filing a claim.

FORT WORTH, Texas, Oct. 30, 2026 /PRNewswire/ —

KEY HIGHLIGHTS

Homeowners should check for visible hail damage from a safe location and document any signs of roof or property damage.Reviewing homeowners’ insurance can help homeowners understand roof coverage, deductibles, and how claim payments work.Replacement cost coverage and actual cash value coverage can affect how much an insurance company pays for covered roof damage.

What should homeowners know before filing a hail damage insurance claim? A HelloNation article answers this question with insights from Steven Barber, Insurance Expert of Fort Worth, Texas. The feature explains how homeowners can identify storm damage, review their insurance policies, and prepare for the claims process.

How Should Homeowners Check for Hail Damage?

The article explains that hail damage is not always easy to see from the ground. Strong hail can crack shingles, loosen roofing materials, and leave dents in gutters. Some damage may also lead to leaks weeks or months after a storm.

Homeowners should begin by checking for visible damage from a safe location. Missing shingles, broken siding, and roofing materials on the lawn may point to storm damage. The article advises homeowners to avoid climbing onto their roofs and instead contact a qualified roofer for an inspection.

Steven Barber’s insights also highlight the value of keeping clear records. Homeowners should take photos of visible damage, note the date of the storm, and save records of any repairs. These details may help support a roof insurance claim.

If water enters the home, homeowners should take reasonable steps to prevent further damage. Keeping receipts for temporary repairs may also be helpful because some homeowners insurance policies cover eligible costs to limit additional damage.

What Should Homeowners Review Before Filing an Insurance Claim?

The HelloNation article explains why reviewing homeowners insurance is an important step before filing a claim. Policy terms can affect what types of roof damage are covered and how much a homeowner may need to pay.

Most standard homeowners insurance policies provide some protection against sudden hail damage. However, coverage depends on the policy, the cause of the damage, and the roof’s condition. Normal wear and poor upkeep are generally treated differently from damage caused by a recent storm.

An insurance deductible is another important factor. This is the amount a homeowner pays toward a covered loss before the insurance company pays its share.

For example, if covered roof repairs cost $8,000 and the deductible is $2,000, the insurer may pay $6,000, depending on the policy.

The article also explains that some policies have separate wind and hail deductibles. These may be set dollar amounts or percentages of the home’s insured value. A two percent deductible on a home insured for $300,000 would equal $6,000.

Understanding these amounts can help homeowners estimate their costs before filing hail damage insurance claims.

How Does Roof Coverage Affect Insurance Payments?

The article identifies replacement cost coverage and actual cash value coverage as two important terms homeowners should understand.

Replacement cost coverage generally pays based on the cost of repairing or replacing covered damage with similar materials. Actual cash value coverage takes the roof’s age and wear into account, which may lead to a smaller payment.

The article also explains that some replacement cost policies issue payments in stages. An insurance company may send an initial payment and release the remaining eligible amount after repairs are complete.

Homeowners may need to provide receipts or final repair documents before receiving the remaining funds. The exact process depends on the insurance policy.

Knowing how roof coverage works can help homeowners prepare for repair costs and understand what to expect during a claim.

What Happens After a Homeowner Files a Roof Insurance Claim?

According to the HelloNation article, homeowners who decide to file a claim should contact their insurance company and ask about the required documents and deadlines.

The insurance company may arrange an inspection to review the damage and determine what the policy covers.

Homeowners can also request a written repair estimate from a qualified roofer. Comparing that estimate with the insurer’s findings may help identify differences in the proposed work.

The article notes that not every hail mark means a roof needs to be replaced. Homeowners should ask questions when repair recommendations or damage findings are unclear.

Keeping copies of photos, estimates, receipts, and claim messages can also make the process easier to follow. If an insurer denies part of a claim, homeowners can ask which policy terms apply and whether another review is available.

The article also encourages homeowners to be careful when hiring contractors after a major storm. Checking licenses where required, insurance, references, and written contracts can help homeowners avoid problems during repairs. Homeowners who are unsure which roofing company to hire can also contact their local insurance agent for a list of reliable roofing companies.

What Homeowners Should Know About Hail Damage and Roof Insurance Claims features insights from Steven Barber, Insurance Expert of Fort Worth, Texas, in HelloNation.

FREQUENTLY ASKED QUESTIONS

What Should Homeowners Do First After a Hailstorm?

Steven Barber’s insights in the HelloNation article explain that homeowners should check for visible damage from a safe location. Taking photos, recording the storm date, and arranging a professional roof inspection can help homeowners understand the damage before filing a claim.

Does Homeowners Insurance Cover Hail Damage to a Roof?

The article explains that most standard homeowners insurance policies cover some sudden hail damage. However, roof coverage depends on the policy terms, the cause of the damage, and the roof’s condition. Normal wear and poor upkeep may not qualify for the same protection.

How Does an Insurance Deductible Affect a Hail Damage Claim?

According to the article featuring Steven Barber, an insurance deductible is the amount a homeowner pays toward a covered loss. Some policies have separate wind and hail deductibles that may be higher than the deductible for other claims.

What Is the Difference Between Replacement Cost Coverage and Actual Cash Value Coverage?

The HelloNation article explains that replacement cost coverage generally pays based on the cost of repairing or replacing covered damage with similar materials. Actual cash value coverage considers the roof’s age and wear, which may reduce the claim payment.

How Can Homeowners Find a Reliable Roofing Contractor After a Hailstorm?

Steven Barber’s featured insights encourage homeowners to check a roofing contractor’s license where required, insurance, references, and written contract before agreeing to repairs. Homeowners can also contact their local insurance agent for a list of reliable roofing companies if they need help deciding whom to hire.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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A+ Federal Credit Union Celebrates Award-Winning Banking With $250 New Member Offer

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Austin’s #1 Credit Union invites the community to experience nationally recognized digital banking and discover what it means to live an A+ life

AUSTIN, Texas, Oct. 30, 2026 /PRNewswire/ — A+ Federal Credit Union (A+FCU) is celebrating a year of recognition by saying thank you to the community that made it possible and inviting more people to experience award-winning banking with a special opportunity to earn up to $250 when they become a new member.

For the fourth consecutive year, A+FCU was voted the #1 Credit Union in the 2026 Best of ATX Awards, an honor determined by votes from the local community.

The local recognition comes alongside national honors for A+FCU’s digital banking experience. Global Finance’s 2026 World’s Best Consumer Digital Banking Awards named A+FCU Best Consumer Digital Bank in the United States, while the A+ Mobile App was named Best Mobile Banking App in the United States and North America for the second consecutive year.

Together, the honors recognize both sides of the A+FCU experience: a credit union deeply connected to the communities it serves and one delivering innovative, convenient digital banking that helps members manage their money wherever life takes them.

“Being voted Austin’s Best Credit Union for four years in a row is especially meaningful because that recognition comes from the community we serve. Combined with national recognition for our digital banking experience, it’s a powerful reflection of our team’s commitment to helping members live their A+ lives,” said Eric R. Kase, President/CEO of A+ Federal Credit Union. “We’re grateful to our members for their continued trust, and we invite even more of those in Central Texas and across the state to experience the A+ difference.”

As a special thank you and invitation to the community, new members can currently earn up to $250 when they join A+FCU and open qualifying accounts. There are a variety of ways to qualify for an A+FCU membership. New members can earn $50 for opening a new membership with a free Cash-Back Checking Account, plus another $200 after qualifying payroll direct deposits totaling $800 or more. The promotion requires use of promo code 2026OFFER250 and is subject to additional terms and eligibility requirements.

And the benefits are designed to continue beyond the initial offer. The A+FCU Cash-Back Checking Account offers unlimited cash back on purchases made with an A+FCU debit card, with no monthly fees and cash back paid monthly.

Members also have access to A+FCU’s nationally recognized digital banking experience. The free A+ Mobile App includes biometric login and enhanced security features, real-time transaction alerts, card controls and budgeting tools, mobile check deposit, person-to-person money transfers, access to free monthly credit score updates, streamlined direct deposit setup, and live chat support.

“For more than 77 years, we’ve grown alongside the communities we serve,” Kase added. “As we look ahead, we’ll continue finding new ways to make banking easier, more convenient, and more rewarding while staying true to the personal service and community commitment that have always defined A+FCU.”

To learn more about A+FCU membership and limited-time $250 new member joining offer, visit aplusfcu.org/rewards.

About A+ Federal Credit Union
A+ Federal Credit Union was founded in 1949 by 50 Austin, Texas teachers. Over seventy-seven years later, A+FCU is an award-winning institution with more than 191,000 members throughout the community, $2.52 billion in assets, over 520 employees, and 22 branches. A+FCU supports members with a full range of financial products including home, auto, and business loans, checking and savings accounts, as well as digital banking solutions for banking on the go. Learn more at aplusfcu.org.

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From Fairways to Futures: Swings for STEM Raises $100,000

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Third Annual Event Brings Together Chemical Industry Leaders, Policymakers, Academic Partners and Students to Strengthen Tomorrow’s Workforce

WASHINGTON, Oct. 30, 2026 /PRNewswire/ — The Alliance for Chemical Distribution (ACD) and American Chemistry Council (ACC) joined forces Monday for the third annual Swings for STEM golf tournament, raising $100,000 to support the next generation of scientists, engineers, and innovators. The event brought together stakeholders from industry, government and academia for a day of friendly competition and fundraising benefiting the Future of STEM Scholars Initiative (FOSSI) and Creating Exciting Futures in STEM (CEFinSTEM) , two organizations that seek to inspire, support, and expand access to STEM education.

“The future of our industry depends on the next generation of scientists, engineers, and innovators, and we have a responsibility to help them succeed,” said Eric R. Byer, President and CEO of ACD. “Swings for STEM is about more than raising money. It’s about opening doors, building relationships, and giving talented young people the opportunity to see what’s possible in the chemical distribution industry. We’re incredibly grateful to our sponsors, donors, and participants for helping us invest in the next generation of STEM leaders.”

“Chemistry is at the heart of American innovation, and maintaining that leadership starts with investing in the next generation,” added Chris Jahn, President and CEO of the American Chemistry Council. “When we launched FOSSI, our goal was to create new pathways into STEM careers and strengthen the chemical industry’s talent pipeline. Today, more than 900 scholarships have been funded through that effort. Swings for STEM reflects that same vision, bringing industry and policy partners together to raise nearly $300,000 over the past three years.”

The event also featured a dedicated student program for FOSSI scholars, combining a golf clinic, leadership development workshop, and networking opportunities.

FOSSI Scholar Brandon Simmons was one of nearly 20 scholarship recipients who attended the event, sharing, “My experience at Swings for STEM was truly rewarding. I enjoyed learning new techniques and connecting with fellow FOSSI scholars from different schools. The event was a great opportunity to build relationships, share experiences, and grow alongside other scholars. I’m grateful to FOSSI for creating opportunities like this that foster both personal growth and a strong sense of community.”

To learn more about FOSSI visit www.FutureofSTEMScholars.org. Scholarship applications are open until January 8th, 2027. Eligible students can apply here.

To learn more about CEFinSTEM, visit www.cefinstem.org.

ACC and ACD extend their gratitude to the sponsors who made this event possible:

The American Cleaning InstituteThe American Coatings AssociationAmerican Fuel & Petrochemical ManufacturersThe American Cleaning InstituteAstro ChemicalsCGCNChevron Phillips Chemical LPDowEastman Chemical CompanyThe Fertilizer InstituteHighland Advocacy GroupHolland & KnightThe Household & Commercial Products Association Mehlman ConsultingOGRPLASTICS Industry AssociationRussell Reynolds AssociatesSociety of Chemical Manufacturers & Affiliates (SOCMA)SolsticeSquared CommunicationsTargeted VictoryThompson Hine LLPTunnlThe Vinyl InstituteWashington Examiner

Alliance for Chemical Distribution
The Alliance for Chemical Distribution (ACD) partners with our more than 400 chemical distribution industry members to provide the education, connection, standards, and advocacy they need to responsibly move the essential products our world depends on. As leaders in the $27B+ chemical distribution industry, ACD member companies commit to the highest standardsin quality, safety, sustainability, and performance through ACD Responsible Distribution™. For more information, visit www.acd-chem.com.

American Chemistry Council
The American Chemistry Council’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.

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SOURCE American Chemistry Council

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