Wealthfront Cuts Risk Parity Expense Ratio in Half to 0.25%

Today, Wealthfront, the automated financial advisor focused on delivering financial services to Millennial households, announced it halved the expense ratio for its Risk Parity Fund to 0.25%, pricing it lower than nearly 80% of available ETFs on the market. The company's Risk Parity Fund is quickly approaching scale, with assets continuing to transfer into the fund and already close to $500 million under management.