wondering how roboadvisors like @Wealthfront deal with all these big tech IPOs. Do they get in?
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A material portion of the future valuation of any asset manager depends on the extrinsic wealth curve of their current book of business, so if they haven’t CRMed up which people with $10k IRAs are also engineers at
$FOO, they’re bad at their jobs. -
On the question of whether customers there are exposed to the IPOs, answer is “Not at IPO but about 6 to 18 months after when index definitions pick up new companies and ETFs internally rebalance into them.”
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