E445: Wealthfront automatically manages your money for you

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Do you have a financial advisor? If you’re under 40, the answer is probably no. That’s exactly who Wealthfront hopes to reach. First, users pick their risk tolerance through a free, no-sign-up quiz. If they decide to move money over, they can sit back and let the internal engines take over. Wealthfront CEO Adam Nash sat down with Jason at the Code Conference and insists: individual investors and financial advisors will never beat the market. Younger users want to know their money is being looked after day and night.  Now with over $1b being managed in the system, Wealthfront is betting those users will come to them first. Plus, Adam shares tales of his first job out of college at Apple, and what happened when he bounded up to Steve Jobs in the cafeteria.

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