OverviewSuggest Edit
Wealthfront is an automated investment service company that builds and manages personalized, globally-diversified investment portfolios. The company provides data-driven, actionable recommendations to improve net-of-fee, after-tax, risk-adjusted returns. Wealthfront's users can monitor their real-time investment performance, review recent transactions, receive financial advice and manage their deposits.
| Type | Private | |
| Founded | 2008 | |
| HQ | Palo Alto, US | Map |
| Website | wealthfront.com | |
| Employee Ratings | More | |
| Culture score | A | More |
Recent NewsAll News
- A decade in, robo-advisers like Wealthfront and Betterment are in a tricky spot. Here's why one fintech banker thinks buyers and public investors will be hard to win over.
- Wealthfront acquires financial planning startup Grove
- Wealthfront and Betterment are battling it out, and it's great news for savers
- Andy Rachleff on his 35 years in Silicon Valley, Wealthfront and telling stories
Latest Updates
| Employees (est.) (May 2020) | 230 | (+2%) |
| Job Openings | 5 |
Key People/Management at Wealthfront
Andy Rachleff
President & CEO
David Fortunato
President
Burt Malkiel
Chief Investment Officer
Ashley Fieglein Johnson
Chief Operating Officer & Chief Financial Officer
Kal Iyer
Vice President Of Engineering
Daniel Slate
Director of Product Management
Wealthfront Office Locations
Wealthfront has an office in Palo Alto
Palo Alto, US (HQ)
261 Hamilton Ave
Wealthfront Financials and Metrics
Summary Metrics
Founding Date | 2008 |
Wealthfront total Funding | $204.5 m |
Wealthfront latest funding size | $75 m |
Time since last funding | 2 years ago |
Wealthfront investors | Index Ventures, DAG Ventures, Benchmark, Greylock Partners, Kevin Rose, Spark Capital, Timothy Ferriss, Matt Mullenweg, Science, Slow Ventures, AdamD'Angelo, Dragoneer Investment Group, Tiger Global Management, Duff, Ackerman and Goodrich, The Social+Capital Partnership, Ribbit Capital, KevinRose, Marc Andreessen, Andy Rachleff, KevinCompton, Bruce Dunlevie, DougMackenzie, BenHorowitz, JeffreyJordan, Andy Dunn, HunterWalk, Satya Patel, Cipora Herman, Michael Schroepfer, PeterPham, Marissa Mayer, Paul Kedrosky, Mark Pincus, Ali Pincus, Alison Rosenthal, TimFerris, SK Ventures, Tim Kendall, Mike Jones, Social Capital, Maven Ventures, Alison Pincus |
Wealthfront's latest funding round in January 2018 was reported to be $75 m. In total, Wealthfront has raised $204.5 m. Wealthfront's latest valuation is reported to be $500 m.
Wealthfront Revenue
Market valuation | 500.0m |
Wealthfront Operating Metrics
Wealthfront's Assets Under Management was reported to be $20b in Sep, 2019.
| Dec, 2014 | Mar, 2015 | Jul, 2015 | Sep, 2015 | Dec, 2015 | Mar, 2016 | Jul, 2016 | Sep, 2016 | Dec, 2016 | Mar, 2017 | Mar, 2019 | Sep, 2019 | Oct, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets Under Management | $1.55 b | $1.70 b | $2.51 b | $2.61 b | $2.61 b | $2.61 b | $3.52 b | $4.02 b | $4.35 b | $5.01 b | $13 b | $20 b | |
Accounts | 19.84 k | 21.45 k | 35.50 k | 42.34 k | 42.34 k | 42.34 k | 83.76 k | 80.98 k | 89.60 k | 100.20 k | 270 k | ||
Annual Percentage Yield | 2.07% | ||||||||||||
FDIC Insurance | $1 m |
Wealthfront Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Grove | August 22, 2019 |
Wealthfront Online and Social Media Presence
37.02k Twitter followers
Wealthfront has 37.02k Twitter Followers. The number of followers has increased 0.5% month over month and increased 1.3% quarter over quarter
Wealthfront's Trends
Twitter Engagement Stats for @wealthfront
11.3k
Tweets
1.8k
Following
37k
Followers
25
Tweets last 30 days
6.6
Avg. likes per Tweet
68%
Tweets with engagement
Wealthfront Company Culture
Overall Culture
A
88/100
CEO Rating
A+
94/100
Compensation
A
87/100
Wealthfront News and Updates
January 03, 2020
A decade in, robo-advisers like Wealthfront and Betterment are in a tricky spot. Here's why one fintech banker thinks buyers and public investors will be hard to win over.
Robo-advisors exploded onto the wealth management scene in the last decade as their low-cost investment tools forced traditional financial advisors to adjust their strategies.
Jason Gurandiano, global head of financial technology investment banking at RBC, told Business Insider that robos have a …
August 23, 2019
Wealthfront acquires financial planning startup Grove
Today, Wealthfront and Grove, a financial planning startup, announced that the Grove team will be jo...
August 06, 2019
Wealthfront and Betterment are battling it out, and it's great news for savers
Betterment, the online investing adviser, debuted a high-yield savings account with a 2.69% APY in July, but reduced the rate to 2.44% after the Federal Reserve cut its benchmark interest rate.
Betterment joined fellow robo-adviser Wealthfront in the high-yield savings space, which debuted its Ca…
July 30, 2019
Andy Rachleff on his 35 years in Silicon Valley, Wealthfront and telling stories
Comments
July 20, 2019
It took less than 10 minutes to open a high-yield cash account with Wealthfront and earn more on my savings. Here's exactly what it's like to sign up.
After years of procrastinating on moving my savings into another account to earn interest, I finally opened a Wealthfront high-yield cash account.
Wealthfront cash accounts come with a 2.57% APY (as of July 19), have a $1 minimum deposit, and are fee-free.
I moved my emergency fund savings over to…
Wealthfront Blogs
April 09, 2020
10 Ways The CARES Act Puts Money In Your Pocket
The CARES Act, which was signed into law on March 27, is a $2 trillion stimulus package to help Americans cope with the economic fallout caused by the spread of COVID-19. We know these are difficult times, and it’s not always easy to figure out these policies on your own. We want to help. There […]
…
March 27, 2020
Don’t Miss The Best Market Days
Financial markets are extremely unpredictable in the short term. In mid March the Dow fell into official bear market territory, rattling investors worldwide. Then, on March 24 the Dow had its best day in 87 years. This kind of volatility is exactly why we think you shouldn’t bother trying to time th…
March 25, 2020
“Stocks Are On Sale” — How Should You Buy?
As the coronavirus COVID-19 has spread, the world has experienced an unusually high level of market volatility. Global markets are down, which can understandably feel painful for investors. But it also means that right now the markets are effectively “on sale.” Investing in the markets now is a lot …
March 17, 2020
The Wealthfront Cash Account Now Has A 0.26% APY Following A Fed Funds Rate Decrease
We’re living in extraordinary times. On Sunday, March 15 the Federal Open Market Committee (FOMC) lowered the target range for the federal funds rate by 1.00% to 0%–0.25% because of concerns about the impact of the coronavirus COVID-19 on economic activity. The cut (which was the second surprise rat…
March 16, 2020
There’s No Need To Fear A Bear Market
2019 was kind to investors, but 2020 has come with its ups and downs. After a record-setting start to the year, the tides turned quickly as news of the coronavirus COVID-19 made headlines. During a three-week window from February 19 to March 11, the Dow and S&P 500 tumbled into bear market terri…
March 13, 2020
Wealthfront Is Giving Away $100K Over The Next Month
Last year we launched the Wealthfront Cash Account as another way to help you earn more money on all of your money, and we’ve already paid out an eye-popping $106 million in interest (and counting!). In the year since its launch, our Cash Account attracted a whopping $8 billion in deposits. To our k…
Wealthfront Frequently Asked Questions
When was Wealthfront founded?
Wealthfront was founded in 2008.
Who are Wealthfront key executives?
Wealthfront's key executives are Andy Rachleff, David Fortunato and Burt Malkiel.
How many employees does Wealthfront have?
Wealthfront has 230 employees.
Who are Wealthfront competitors?
Competitors of Wealthfront include SigFig, Betterment and Axos Invest.
Where is Wealthfront headquarters?
Wealthfront headquarters is located at 261 Hamilton Ave, Palo Alto.
Where are Wealthfront offices?
Wealthfront has an office in Palo Alto.
How many offices does Wealthfront have?
Wealthfront has 1 office.
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