For a large enough account (>=100k), Wealthfront can buy the individual stocks instead of holding them in an ETF. Right now they only do this for US stocks. Pre

For a large enough account (>=100k), Wealthfront can buy the individual stocks instead of holding them in an ETF. Right now they only do this for US stocks. Presumably, they'll eventually do this for other asset classes and you'll have the benefit of their tax-loss harvesting and rebalancing and pay only the robo-advisor's management fee.