Wealthfront launches Autopilot, automating savings and money management
- After launching checking accounts, Wealthfront continues to push ahead with its vision of self-driving money.
- Autopilot helps clients manage their bank accounts through automation.
Wealthfront’s Chris Hutchins, head of financial advice automation, will be speaking at Tearsheet’s upcoming Challengers Conference.
Wealthfront launched a new service today called Autopilot that automates a client’s savings plan. With the new service, clients don’t need to manually monitor accounts and move money around.
Automating savings: Autopilot can be set up in just a couple of minutes to monitor an account daily to ensure a client only keeps the amount of cash on hand that she really needs.
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Most everyone is incredibly busy, with things we have to do, and things we want to do. Everyone’s days are full. I love the notion of Autopilot – automating consumer’s financial tasks. We launched an alerts feature for BillPay as an example – reminding consumers of a payment or a bill received or due is something they find really helpful when they’re juggling so many things every day. I can imagine that Autopilot users will appreciate the automated simplicity of better investment returns or personal cash management.