Investment Robo-Adviser Wealthfront Integrates Coinbase Crypto Accountsbr>
Investment robo-adviser Wealthfront has added support for Coinbase accounts to allow its users to track cryptocurrency investments.
Based in California, Wealthfront is an automated investment service firm with more than $11 billion of assets under management. It provides a financial planning service tool designed to aid its clients in preparing for their financial futures by allowing them to personalize their assumptions for their financial planning goals.
In a blog post published last week, the company announced that its users can now track holdings of cryptocurrency for the first time by connecting their accounts with the Coinbase exchange to the automated investment service.
“We make it possible for you to add information about your cryptocurrency holdings in your Coinbase account to Wealthfront to get a more holistic view of your financial picture. And even more importantly, we factor that information into your free financial plan,” the company said.
Wealthfront said that the new integration with Coinbase alligns with its vision to help users optimize and automate their finances to ensure they reach their unique financial goals.
“One of the most important advantages of a fully automated financial planning solution is it continuously improves as more data becomes available. And the great news is more relevant data becomes available via API every day,” the company said. “Access to your Coinbase account information is just the latest example. Over time you can count on us to incorporate far more data, from your accounts and third-party providers (like our recent announcement with Intuit’s TurboTax), to deliver even better financial advice.”