3 ms·

Because why not charge high prices if suckers pay them.

• kenferry 11y ago
  There are something like 10 robo advisors. If a competitor could undercut wealthfront and get more business, why wouldn't they?
  • hayksaakian 11y ago
    if the increase in businesses does not offset the decrease in prices lets say you charge X instead of Y% now assume that on average, others are charging 2X after calculating individual percentages if you only get 30% more clients charging X instead of 2X you're actually making less money.
    • gohrt 11y ago
      The entire VC-based economy is designed around using capital investment to buy time to grow your audience with low proces.