[MikeTV]

Does this hook up to my brokerage account and perform rebalancing and tax-loss harvesting a la Betterment/Wealthfront? It looks like it might, but with extra layers of complication to jump through first since I'm both pseudo-RIA and client. A step-by-step guide or "manage my own funds only" configuration would be helpful.

[geno149]

Mike, these are great ideas, we definitely want to make it easier for users to setup their own account.

Just so you know, our roadmap is public - https://trello.com/b/klhsT5Xj/wealthbot-io-roadmap-and-ideas

and you can suggest new feature ideas here - https://trello.com/b/klhsT5Xj/wealthbot-io-roadmap-and-ideas

Thanks!

[nerfhammer]

Yea, a bot that just runs your Vanguard account like betterment/wealthfront would but without their fees would provide a huge amount of value to people.

[vladko]

that's kind of what wealthbot does...

you can set it up to manage your own portfolio. i.e. you can set yourself up as an RIA and a client of your own firm, the on-boarding process for both sides takes 45 min total. And if you are good enough with writing code you can script all your setup data (we have examples of that).. than setup is even faster.

Once that's done you can run the rebalancer on tolerance or quarterly (time-frame) basis to rebalance your own portfolio without any fees.

You'd only pay fees with your custodian if you decided to execute the trades proposed by the rebalancer.