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I did reach out to Wealthfront for comment and a spokesperson told me: “We unfortunately can’t discuss more than what’s been shared publicly in our blog or by UBS via their press release.”. I have heard through the (very reliable) grapevine that Wealthfront’s cash account brought in over $1 billion in the month of August alone.
1 On the relationship between Board seats and investment outcomes, see the experience of Central Texas Angel Network, linked above: Rick Timmins, “Angel Involvement on Boards Improves Returns,” Angel Insights Blog, Angel Capital Association, July 12.
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