How often and why do you change mutual funds/ETF’s in WealthStep accounts?

Because WealthStep utilizes a thorough and careful research and due diligence process to identify investments for client portfolios, investment vehicle changes occur with very little frequency. When changes do occur, they are usually due to significant organizational changes at a given fund company, such as an acquisition by another company, if the investment manager’s investment process autonomy is removed and/or the investment process will be materially changed, or if a portfolio manager or team leaves an actively managed fund without sufficiently qualified personnel remaining at the fund.