Lesson on wealth management and startups from Adam Nash, CEO of Wealthfront (from LAUNCH 2016)
Lesson on wealth management and startups from Adam Nash, CEO of Wealthfront (from LAUNCH 2016) stories
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sydney
sydneyverifiedco-creator of Commaful
Autoplay OFF  •  2 years ago
Notes from Adam Nash's talk at LAUNCH Festival 2016

Lesson on wealth management and startups from Adam Nash, CEO of Wealthfront (from LAUNCH 2016)

2016 has been terrible for US Stock Markets

Yet....Wealthfront saw 3x the signups. Minimum is just $500

Most wealth management will be digital in a few years

Emotions are the biggest hurdle for investors

Wealthfront users can only change risk tolerance on a computer, not on their phone, to limit the amount of emotion playing a role.

Resist the urge to make trades at 2am and drunk

Startups: If you delight your customers they will evangelize

That's how you grow organically

Startups have 2 main advantages. Focus on those

Focus and pace of innovation

Be careful who you take money from

customers, investors, etc. Both create bounds that you want to look at carefully

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