David is an accomplished engineer and innovator whose career spans across some of the most influential tech companies in the world. Originally from Wyoming, David's passion for technology and innovation led him to the heart of Silicon Valley, where he played a pivotal role as an engineer at Apple. During his tenure at Apple, David was instrumental in the development and launch of the first iPhone, a groundbreaking project that revolutionized the mobile phone industry. He also contributed significantly to the creation and expansion of the App Store ecosystem, which has since become a cornerstone of modern mobile applications and services.
Wealthfront's new S&P 500 Direct portfolio combines the performance of the S&P 500® with the added benefit of tax savings and is available for just 0.09% – the same price as the most popular ETF that tracks the S&P 500®
Wealthfront has long been a leader in tax optimization, with services like our automated Tax-Loss Harvesting that has captured over $3.4 billion in harvested losses since its launch, which could be worth an estimated $1.19 billion in tax savings for our clients. Today's launch combines our powerful Tax-Loss Harvesting expertise with the performance of the S&P 500® index, and is another example of how we use software to lower costs and deliver more value to the next generation of investors.