Member Exclusive, New banks

Wealthfront’s Chris Hutchins on checking accounts and self-driving money

  • Wealthfront has emerged from an early robo-adviser to become a more formidable banking alternative.
  • With new checking account features, the company embarks on its vision of automating money management.
close

Email a Friend

Wealthfront’s Chris Hutchins on checking accounts and self-driving money

As fintech matures, many of the early pioneers in the space are realizing how important it is to become a user’s primary account. Wealthfront, which began as a robo-adviser, looks a lot like a bank nowadays. The company recently rolled out new checking account features.

Chris Hutchins is the Head of Autonomous Financial Planning at Wealthfront. He joins us on the podcast to talk about his firm’s vision of Self-Driving Money and how the future of financial services will include more autonomous banking services.

Chris was previously the co-founder and CEO of Grove, which was acquired by Wealthfront and co-founder of Milk, which was acquired by Google.

SubscribeApple Podcasts I SoundCloud I Spotify I Google Podcasts
The following excerpts were edited for clarity.

The evolution of Wealthfront

We started as an investment company with the mission to democratize access to sophisticated investment products. We were one of the first robo-advisers on the market, setting a precedent. Now, almost every financial institution has a robo-adviser. Since then, we have spent a lot of time focused on other parts of the financial ecosystem.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo Already an Outlier member? Sign in to your account

0 comments on “Wealthfront’s Chris Hutchins on checking accounts and self-driving money”

New banks

‘We want to get to a segment of one’: Inside Citi’s 5 year plan for digital

  • Citi's digital channels have spiked in usage since the beginning of the pandemic.
  • The consumer bank's chief digital officer Mike Naggar shares where he's headed with technology.
Zachary Miller | October 20, 2020
New banks

Challengers Conference 2020: All the session videos

  • Challenger banks have grown rapidly in the U.S. market and incumbents have accelerated their digital banking products.
  • Last month's Challenger Conference addressed the most important issues facing the industry.
Tearsheet Editors | October 15, 2020
New banks

Navigating the ‘convergence’ of product streams: Conclusions from the Tearsheet Challengers Conference

  • Challenger banks have grown rapidly in the U.S. market; brands contend the opportunity is only getting larger with younger consumers feeling less attached to incumbents.
  • Direct-to-consumer models have potential among niche consumer groups, but some companies are pushing business-to-business partnership plays to diversify revenue streams.
Suman Bhattacharyya | October 14, 2020
New banks

‘Banking enables us to play a bigger role in our customers’ lives’: Stash CEO Brandon Krieg

  • The banking and investing platform has grown a lot during the pandemic.
  • CEO Brandon Krieg joins the Tearsheet Podcast to pull back the curtain on what's driving that growth.
Zachary Miller | October 08, 2020
New banks

‘We had the audacity to think big and execute on that bold vision’: Goldman Sachs internal memo includes interview with outgoing head of consumer business, Harit Talwar

  • Harit Talwar built Goldman's consumer banking business.
  • Now, as he transitions out of the role, he looks back on how GS transformed itself.
Zachary Miller | October 05, 2020
More Articles